[ad_1]
Florida, Port St Lucie, The Landing at Tradition, outdoor mall, Ulta, beauty cosmetics store.
Jeff Greenberg | Group of universal images | Getty Images
Shares of Ulta Beauty rose nearly 5% in extended trading on Wednesday after the company announced fiscal second quarter sales jumped more than 60% as buyers rushed to restock their makeup bags. .
Ulta raised its outlook for the full year after seeing customer demand for beauty products return.
“This performance reflects the recovery of the beauty category, the investments and choices we made over the past year to adapt to the market disruption and strengthen our leadership position, as well as the continued efforts of our associates. to deliver great experiences to our customers, ”said CEO Dave Kimbell.
In trading earlier Wednesday, its stock hit a 52-week high at $ 390.68.
Here’s how the company fared for its second quarter ended July 31 compared to what analysts polled by Refinitiv expected:
- Earnings per share: $ 4.56 vs $ 2.59 expected
- Returned: $ 1.97 billion vs. $ 1.76 billion expected
Net income reached $ 250.9 billion, or $ 4.56 per share, from $ 8.1 billion, or 14 cents per share, a year earlier.
Revenue jumped to $ 1.97 billion from $ 1.2 billion a year ago.
Analysts polled by Refinitiv expected the company to earn $ 2.59 per share on revenue of $ 1.76 billion.
The company’s comparable store sales increased 56.3% in the quarter. Last year, same-store sales fell 26.7% as the pandemic weighed on makeup sales. Comparable store sales in the quarter were 13.1% above 2019 levels.
The increase in revenue was driven by a 52.5% increase in transactions and a 26.7% increase in average customer spend.
Read the full Ultra Beauty release here.
This is last minute news. Please check for updates.
[ad_2]
Source link