Florida, Port St. Lucie, The Landing at Tradition, outdoor mall, Ulta, beauty cosmetics store.
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Shares of Ulta Beauty rose nearly 5% in extension operations on Wednesday after the company reported second-quarter tax sales rose more than 60% as shoppers rushed to retrieve makeup bags .
Ulta raised its outlook throughout the year after seeing a return to demand for beauty products from customers.
“This performance reflects the recovery in the beauty category, the investments and decisions we have made over the past year to adapt to market disruption and strengthen our leadership position, and the continued effort of our partners. to offer fantastic experiences to our customers “. said CEO Dave Kimbell.
When listed on Wednesday earlier, its shares reached a 52-week high of $ 390.68.
The following explains how the company did during its second quarter, which ended on July 31, compared to what analysts surveyed by Refinitiv predicted:
- Earnings to share: $ 4.56 vs. $ 2.59 projected
- Income: $ 1.979 billion compared to the projected $ 1.75 billion
Net income rose to $ 250.9 billion ($ 4.56 per share) from $ 8.1 billion (14 cents per share) a year earlier.
Revenue rose to $ 1.972 billion, from $ 1.2 billion a year ago.
Analysts polled by Refinitiv expected the company to earn $ 2.59 per share with revenue of $ 1.75 billion.
Sales at the company’s same store grew 56.3% in the quarter. Last year, sales at the same store fell 26.7% as the pandemic weighed on makeup sales. Sales at the same store in the quarter were 13.1% higher than 2019 levels.
The revenue beat was driven by a 52.5% increase in transactions and a 26.7% increase in average customer spending.
Read the full version of Ulta Beauty here.
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