Ece Yildirim, CNBC
Ulta Beauty on Thursday laid out plans to boost sales and gain market share after a first-quarter sales slowdown. Comparable sales, a metric that tracks Ulta stores open at least 14 months along with online sales, increased 1.6% year over year, a stark slowdown from the same period a year earlier when Ulta reported comparable sales growth of 9.
Here’s how the beauty company performed during the period compared to what Wall Street was anticipating, based on a survey of analysts by LSEG: Earnings per share: $6.47 vs. $6.24 expectedRevenue: $2.73 billion vs. $2.72 billion expected Ulta reported net income for the quarter ended May 4 of $313.1 million, or $6.47 per share, compared with $347.1 million, or $6.88 per share, a year earlier. Net sales rose slightly to $2.73 billion from $2.63 billion a year earlier.
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