For the fiscal year, it said it now expects net sales to range between $11.1 billion and $11.2 billion, up from the previous range of $11 billion to $11.2 billion.
ULTA STOCK %11.36 INCREASED
ULTA stock increased by 11.36 per cent in the last 1 hour, rising to 437.49 levels. It was then trading around 392.87. ULTA shareholders are observing this increase.
The company announced that its full-year earnings guidance Athas been raised from a range of $22.60 to $23.50 to a range of $23.20 to $23.75.
CEO Dave Kimbell said in a press release that he was ‘proud of the progress’ and ‘encouraged by early signs that our efforts to strengthen our market position and improve our performance are gaining traction.’
The results reported by the beauty retailer for the three-month period ended 2 November and compared to Wall Street‘s expectations based on a survey of analysts by LSEG are as follows;
- Earnings per share: $5.14 versus expectations of $4.54
- Revenue: $2.53 billion versus $2.50 billion expected
ULTA shares were up about 10 per cent after hours.
