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Investing.com – Ulta Beauty (NASDAQ:ULTA) raised its full-year outlook Wednesday after reporting second quarter results that topped Wall Street estimates as a recovery in its beauty business helped bolster performance.
Ulta Beauty shares gained 6% in after-hours trading following the report.
Ulta Beauty announced earnings per share of $4.52 on revenue of $1.97 billion. Analysts polled by Investing.com anticipated EPS of $2.50 on revenue of $1.74 billion.
Comparable sales increased 65.9%, driven by a 52.5% increase in transactions and an 2.5% increase in average ticket.
For the full-year 2021 comparable sales are forecast at between 30% to 32%, up from the previous guidance range of 23% to 25%; and EPS in a range of $14.50 to $14.70, up from prior estimate of $11.50 to $11.95. Revenue was expected to be between $8.1 billion to $8.3 billion.
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