Ulta Beauty has beaten estimates for its first quarter, leading to an adjustment on guidance.
Net sales for the beauty retailer in the first fiscal quarter of the year were up by 11.1% and comparable sales by 5.3%.
Diluted earnings per share saw an increase to $7.74, a jump of 15.5%.
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Join nowOperating income was also on the up, to the tune of US$448.3 million or 11.6%.
“We remain focused on expanding market share and delivering profitable growth in fiscal 2026,” said CFO Chris DelOrefice.
“The first quarter positioned us well against these goals with strong execution throughout the P&L.”
