Ulta Beauty: raises annual targets

(CercleFinance.com) - On Thursday evening on announcing its quarterly results, Ulta Beauty announced an increase in its outlook for 2022, now anticipating EPS of 20.
70 to 21.20 dollars, as well as revenues of 9.65 to 9.75 billion dollars.

The beauty product retailer posted a 25% increase in Q2 EPS to 5.70 dollars, with its operating margin edging up 0.1% to 17% on sales growth of 16.8% to 2.3 billion dollars (+14.4% on a comparable basis).

The group said that it continues to operate in a dynamic environment and is confident that its unique business model and product lines position it well to continue to generate profitable growth.

The share is up over 3.5% in pre-market trading today.



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