Ulta Beauty reports second-quarter earnings and revenue that beat Wall Street expectations.
Ulta Beauty’s quarterly earnings beat Wall Street expectations, highlighting a “resilient beauty category,” according to a Canaccord Genuity analyst.
Ulta also raised its outlook for the fiscal year. The company said it now expects revenue of between $11.1 billion and $11.2 billion, up from previous guidance of $11 billion to $11.1 billion. Earnings for the year are now expected at between $25.10 to $25.60 a share, which is above prior estimates of $24.70 to $25.40 a share.
The amount of active members using Ulta’s loyalty program increased by 9% in the second quarter from the prior year.
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