© Reuters Ulta Beauty Earnings, Revenue Beat in Q4
By Yasin Ebrahim
Investing.com — Ulta Beauty (NASDAQ:) reported Thursday fourth quarter that beat analysts’ forecasts as improving margins helped bolster results.
Ulta Beauty shares rose 1.5% in after-hours trade following the report.
Ulta Beauty announced earnings per share of $5.36 on revenue of $2.73 billion. Analysts polled by Investing.com anticipated EPS of $4.56 on revenue of $2.69 billion.
Comparable sales increased 21.4%, compared with a decrease of 4.8% in the fourth quarter of fiscal 2020, driven by a 10.4% increase in transactions and a 9.9% increase in average ticket.
As a percentage of net sales, gross profit increased to 37.6% from 35.1% in the fourth quarter of fiscal 2020, primarily due to “leverage of fixed costs, favorable channel mix shifts, and improvement in merchandise margins,” the company said.
Looking ahead to the full-year 2022, sales were expected to be in the range of $9.05 billion to $9.15 billion, with comparable sales growth of 3% to 4%. That compared with Wall Street estimates for sales of $9.14 billion. Earnings were expected to be between $18.20 and $18.70.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Source link
