Ulta Beauty surpasses earnings and revenue expectations, raises outlook

cnbc.com

Ulta Beauty's stock surged after the company surpassed earnings and revenue expectations for its fiscal first quarter. The beauty retailer reported $7.74 earnings per share on $3.16 billion in revenue, exceeding analyst forecasts. Ulta also raised its full-year earnings outlook. The strong performance occurred despite a challenging economic climate with rising inflation and consumer spending pullback.


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