U.S. beauty retailer and salon Ulta Beauty, Inc. (ULTA) reported outstanding third-quarter results, aided by strong consumer demand for its offerings as COVID-19 restrictions relaxed. The company’s results meaningfully exceeded both sales and revenue estimates. ULTA also raised its full-year fiscal 2021 outlook in anticipation of strength in demand for its offerings. Following the news, shares soared 5.2% during the extended trading session on December 2. Outstanding Results ULTA’s net sales saw 28.6% growth year-over-year to $2 billion, surpassing analysts' estimates of $1.86 billion. Similarly, year-over-year comparable sales also increased 25.8%. Moreover, earnings stood at $3.94 per share, a whopping 198.
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Ulta Beauty (NASDAQ:ULTA)
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