On June 3, Ulta Beauty rose 5.08% in after-hours trading, trading at $523.1 per share, with trading volume of $26.87 million.
On the news front, the company reported fiscal Q1 EPS of $7.74, beating the analyst consensus estimate of $6.86-$6.89 by approximately 12.83%, representing a 15.52% year-over-year increase from $6.70 per share in the same period last year. Revenue came in at $3.164 billion, surpassing the consensus forecast of $3.092 billion and reflecting over 11% year-over-year growth.
The results significantly exceeded even the most optimistic institutional estimates. Prior to the report, Oppenheimer had projected EPS of at least $6.88 based on 4% comparable store sales growth, noting the company was likely to deliver solid all-round results. The brokerage maintained an outperform rating, citing a still-attractive beauty industry backdrop, differentiated offerings, and above-average retail growth potential. The strong revenue beat reflects continued momentum from the company's omnichannel strategy and resilient beauty category demand.
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