Ulta Magnificence (ULTA) Q2 Earnings

Florida, Port St Lucie, The Touchdown at Custom, out of doors mall, Ulta, magnificence cosmetics retailer.

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Ulta Magnificence shares rose greater than 4% on Wednesday after the corporate reported fiscal second-quarter gross sales jumped greater than 60% as customers rushed in to restock their make-up luggage.

In buying and selling earlier Wednesday, its inventory hit a 52-week excessive of $390.68.

In the course of the second quarter ended July 31, the corporate stated internet revenue rose to $250.9 billion, or $4.56 per share, in contrast with $8.1 billion, or 14 cents per share, a 12 months earlier.

Income rose to $1.97 billion from $1.2 billion final 12 months.

Analysts surveyed by Refinitiv had anticipated the corporate to earn $2.59 per share on income of $1.76 billion.

The corporate’s same-store gross sales grew 56.3% within the quarter. Final 12 months, same-store gross sales fell 26.7% because the pandemic weighed on make-up gross sales.

Learn the complete launch from Ulta Magnificence right here.

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