Friday, August 31, 2018

Ulta Beauty earnings jump 30% but outlook misses

Chain Store Age
Ulta Beauty’s second-quarter earnings topped forecasts, but the beauty retailer’s third-quarter guidance disappointed analysts.

Net sales increased 15.4% to $1.488 billion, compared to $1.289 billion million last year. Analysts had expected sales of $1.49 billion.

Same-store sales increased 6.5%, driven by 3.1% transaction growth and 3.4% growth in average ticket. . . . more