Ulta Beauty (ULTA) Q2 Earnings
Florida, Port St Lucie, The Landing at Tradition, outdoor mall, Ulta, beauty cosmetics store.
Jeff Greenberg | Universal Images Group | Getty Images
Ulta Beauty shares rose more than 4% on Wednesday after the company reported fiscal second-quarter sales jumped more than 60% as shoppers rushed in to restock their makeup bags.
In trading earlier Wednesday, its stock hit a 52-week high of $390.68.
During the second quarter ended July 31, the company said net income rose to $250.9 billion, or $4.56 per share, compared with $8.1 billion, or 14 cents per share, a year earlier.
Revenue rose to $1.97 billion from $1.2 billion last year.
Analysts surveyed by Refinitiv had expected the company to earn $2.59 per share on revenue of $1.76 billion.
The company’s same-store sales grew 56.3% in the quarter. Last year, same-store sales fell 26.7% as the pandemic weighed on makeup sales.
Read the full release from Ulta Beauty here.
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