Friday, June 1, 2018

Ulta Beauty shines in Q1, but Q2 guidance soft

Chain Store Age
Ulta Beauty’s earnings in the first quarter blew past analysts, but the retailer sounded a cautious note for the current quarter.

Net sales increased 17.4% to $1.54 billion, topping Street estimates. Same-store sales rose 8.1%, driven by 5.1% transaction growth and 3.0% growth in average ticket. Retail comparable sales increased 4.7%, including salon comparable sales growth of 3.2%. . . . more