Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Ulta Reports Strong First Quarter - Beauty Packaging

What are you searching for?

Sign in
Beauty Industry

Ulta Reports Strong First Quarter

The company's revenue grew 17.6 percent to $321.8 million.

Author Image

By: Jamie Matusow

Editor-in-Chief

Makeup and perfume chain Ulta Salon, Cosmetics and & Fragrances Inc. reported that its second-quarter net income jumped sharply on cost reductions and stronger sales, and its results beat analyst expectations.

The company said it earned $13.1 million, or 22 cents per share, for the quarter, compared with $5.8 million, or 10 cents per share, a year earlier. Adjusting for a one-time compensation-related charge in the most recent quarter the company earned 25 cents per share.

Ulta’s revenue grew 17.6 percent to $321.8 million.

The results beat the average forecast of analyst surveyed by Thomson Reuters for 18 cents per share on revenue of $314.9 million. Analyst estimates typically exclude one-time items.

Ulta also reported that sales at its stores open more than a year rose 10.7 percent, compared with a 1.7 percent decrease in the same quarter last year. This is considered a key indicator of a retailer’s financial performance as it strips away results from recently opened and closed stores.

The company said it expects this momentum to continue.

Ulta now expects to earn 18 to 20 cents per share for the third quarter, which includes a 2 cent per share one-time charge. Analysts anticipate the company will earn 16 cents per share.

Shares of Ulta jumped $1.97, nearly 9 percent, to $24.20 in after-hours trading.

Add us as a preferred source on Google

Get the latest Beauty Packaging news, insights and analysis in your Google Search and AI experiences.

Add Beauty Packaging as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Beauty Packaging Newsletters