Monday, June 3, 2019

Ulta Beauty meets expectations with Q1 growth, plans Canadian expansion

Chain Store Age
Ulta Beauty saw net sales, net income, and same-store sales rise in a quarter that met Wall Street predictions, and is looking north for growth.

The specialty beauty retailer reported a 13% jump in net sales to $1.74 billion from $1.54 billion the same quarter the prior fiscal year. Net income climbed 17% to $192.2 million from $164.4 million the prior year period, and diluted earnings per share increased 21% to $3.26 from $2.70. Same-store sales rose 7%. . . . more