Published on 3 Dec 2021 on Zacks via Yahoo Finance
Ulta Beauty (ULTA) View Up on Q3 Earnings Beat, Stock Gains
Shares of Ulta Beauty, Inc. ULTA moved up 5.2% in the after-market trading session on Dec 2, as the company posted splendid third-quarter fiscal 2021 results. The company raised its fiscal 2021 guidance. During the quarter, the top and the bottom line advanced year over year and surpassed the Zacks Consensus Estimate.Results were backed by strength in the beauty category along with benefits from the company’s differentiated model. During the quarter, Ulta Beauty’s major categories posted robust double-digit year-over-year comparable sales or comps growth. The uptick was driven by the cycling of last year's pandemic-induced disruption, product newness along with solid performance from strategic promotional events.Despite the dynamic operating landscape and uncertainties amid the pandemic, Ulta Beauty pulled up the sales, comps, operating margin and earnings guidance for fiscal 2021.
Ulta Beauty Inc. Price, Consensus and EPS Surprise
