Stock Market News

Ulta Beauty Shares Surge 8% on Q1 Beat and Raise

2022.05.27 00:25

Ulta Beauty Shares Surge 8% on Q1 Beat and Raise
Ulta Beauty Shares Surge 8% on Q1 Beat and Raise

By Davit Kirakosyan

Ulta Beauty (NASDAQ:ULTA) shares were trading around 8% higher after-hours following the company’s reported Q1 results, with EPS of $6.30 coming in better than the Street estimate of $4.47.

Revenue increased 21% year-over-year to $2.35 billion, compared to the Street estimate of $2.12 billion. Comparable sales grew 18%, driven by a 10% growth in transactions and a 7.3% growth in average ticket.

“The Ulta Beauty team delivered exceptional first quarter results, with better-than-expected sales and earnings growth, supported by double-digit comparable sales growth across all major categories,” said Dave Kimbell, chief executive officer. “Solid execution of our strategies, paired with strong guest demand, fueled our financial performance and continued market share gains as we delighted our guests with exciting brand launches within our one-of-a-kind assortment and differentiated guest experiences.”

The company increased its full 2022-year guidance, expecting EPS in the range of $19.20-$20.10, compared to the consensus estimate of $18.66. Full-year revenue is expected to be $9.35-9.55 billion, compared to the consensus estimate of $9.18 billion.

Shares of Ulta were down 8% year-to-date into the results.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 84,414.62 0.08%
ethereum
Ethereum (ETH) $ 1,946.14 1.09%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.41 2.44%
bnb
BNB (BNB) $ 618.05 5.22%
solana
Solana (SOL) $ 135.48 0.60%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.753544 2.03%
dogecoin
Dogecoin (DOGE) $ 0.176832 2.80%
tron
TRON (TRX) $ 0.222222 0.40%
staked-ether
Lido Staked Ether (STETH) $ 1,946.57 1.38%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,213.56 0.04%
pi-network
Pi Network (PI) $ 1.44 5.22%
chainlink
Chainlink (LINK) $ 14.10 2.05%
leo-token
LEO Token (LEO) $ 9.74 0.48%
the-open-network
Toncoin (TON) $ 3.55 21.38%
stellar
Stellar (XLM) $ 0.276601 0.40%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,332.53 1.13%
usds
USDS (USDS) $ 1.00 0.03%
hedera-hashgraph
Hedera (HBAR) $ 0.193286 0.70%
avalanche-2
Avalanche (AVAX) $ 19.34 2.38%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 0.53%
sui
Sui (SUI) $ 2.36 0.85%
litecoin
Litecoin (LTC) $ 93.25 1.92%
bitcoin-cash
Bitcoin Cash (BCH) $ 344.25 4.96%
polkadot
Polkadot (DOT) $ 4.38 4.33%
mantra-dao
MANTRA (OM) $ 6.61 6.08%
weth
WETH (WETH) $ 1,947.42 1.12%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.01%
bitget-token
Bitget Token (BGB) $ 4.47 0.84%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.22%
hyperliquid
Hyperliquid (HYPE) $ 14.55 4.86%
whitebit
WhiteBIT Coin (WBT) $ 28.96 1.29%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,069.06 1.20%
monero
Monero (XMR) $ 211.29 0.41%
uniswap
Uniswap (UNI) $ 6.30 3.63%
susds
sUSDS (SUSDS) $ 1.04 0.01%
aptos
Aptos (APT) $ 5.39 3.11%
dai
Dai (DAI) $ 1.00 0.02%
near
NEAR Protocol (NEAR) $ 2.68 1.52%
pepe
Pepe (PEPE) $ 0.000007 1.14%
internet-computer
Internet Computer (ICP) $ 5.82 2.22%
okb
OKB (OKB) $ 46.66 0.91%
ondo-finance
Ondo (ONDO) $ 0.879851 1.03%
ethereum-classic
Ethereum Classic (ETC) $ 18.03 0.25%
gatechain-token
Gate (GT) $ 21.64 1.62%
aave
Aave (AAVE) $ 174.44 0.02%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,405.61 0.11%
mantle
Mantle (MNT) $ 0.759465 3.59%
official-trump
Official Trump (TRUMP) $ 12.20 2.14%