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Ulta Beauty Stock Surges 11% on Robust Earnings and Upgraded Guidance
Ulta Beauty Stock Surges 11% on Robust Earnings and Upgraded Guidance
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Ulta Beauty’s shares skyrocketed 11.78% to close at $471.46 following a stellar Q1 earnings report that surpassed analyst expectations. The beauty retailer posted $2.85 billion in revenue—a 4.5% year-over-year increase—with earnings per share reaching $6.70, well above Wall Street projections.
Comparable sales grew 2.9%, driven by both higher transaction volume (+0.6%) and increased average ticket size (+2.3%). While gross margins contracted slightly to 39.1% due to operational costs, the company’s raised full-year guidance signals confidence in sustained momentum. Ulta maintains an aggressive capital return policy, with $2.3 billion remaining in its share repurchase authorization.
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