Ulta Beauty Raises Full-Year EPS Forecast After Q2 Profit and Revenue Beat Estimates

Ulta Beauty reported second-quarter revenue of $3 billion, topping analyst estimates of $2.96 billion, and earnings per share of $6.55, a 13.3% increase year-over-year that cleared the $6.18 consensus estimate. On the strength of those results, the cosmetics and fragrances retailer lifted its full-year EPS guidance to a range of $28.70 to $29.00, up from its prior range of $28.36 to $28.80. Shares gained following the announcement.