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Ulta Magnificence, Inc. (NASDAQ: ULTA) has reported stronger-than-expected earnings and revenues for the primary quarter of 2022. The wonder retailer chain additionally raised its full-year steering for income and earnings.
At $2.3 billion, first-quarter web gross sales have been up 21% from the prior-year interval, and above the consensus estimates. Comparable retailer gross sales elevated 18% throughout the three-month interval.
Internet revenue moved as much as $331.4 million or $6.30 per share within the first three months of fiscal 2022 from $230.3 million or $4.10 per share in the identical interval of 2021. Analysts have been on the lookout for slower progress for the newest quarter.
Learn administration/analysts’ feedback on quarterly reviews
“Stable execution of our methods, paired with sturdy visitor demand, fueled our monetary efficiency and continued market share features as we delighted our friends with thrilling model launches inside our one-of-a-kind assortment and differentiated visitor experiences,” mentioned Dave Kimbell, chief govt officer of Ulta Magnificence.
Prior Efficiency
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