Ulta Beauty, Inc. (NASDAQ:ULTA) shares are trading lower premarket on Friday, following the company’s Wednesday after-market close report of second-quarter results.
The company reported EPS of $6.55, beating the $6.16 estimate. Also, sales rose 8.9% year over year to $3.036 billion, which beat the $2.955 billion consensus. Sales growth outpaced the U.S. beauty market, with prestige gaining share and mass remaining flat.
Ulta said mass makeup was hurt by limited newness and tougher comparisons, but sees potential second-half recovery from stronger makeup trends and new launches.
Earnings Snapshot
Comparable sales rose 3.8%, driven by higher average ticket. Loyalty members grew 3%, and average spend per member increased in the quarter.
