ULTA - Ulta Beauty Reports Better-Than-Expected Q1 Results Lowers FY24 Guidance | Benzinga
Ulta Beauty, Inc. (NASDAQ:ULTA) reported its first-quarter financial results after the bell Thursday. Here's a look at the key figures from the report.
The Details: Ulta Beauty reported quarterly earnings of $6.47 per share, which beat the analyst consensus estimate of $6.22 by 4.02%. Quarterly sales clocked in at $2.726 billion, which beat the analyst consensus estimate of $2.721 billion by 0.18%.
Ulta said comparable sales increased 1.6% compared to the first quarter of fiscal 2023, driven by a 1.3% increase in transactions and a 0.3% increase in average ticket. The company opened 12 new stores, closed two stores and relocated one store during the quarter.
Merchandise inventories at the end of first quarter increased ...