Ulta Beauty, Inc. (ULTA), an American chain of beauty stores, has reported upbeat fourth-quarter results on the back of strong consumer demand as COVID-19 restrictions continued to relax. Following the news, shares of the company rose 1.2% in the extended trading session on Thursday. The company operates 1,308 retail stores across 50 states and distributes its products through its website. Results in Detail ULTA’s net sales rose 24.1% year-over-year to $2.7 billion and surpassed analysts’ estimates of $2.69 billion. Similarly, year-over-year comparable sales also increased 21.4% on the back of a 10.4% rise in transactions and a 9.9% increase in average ticket. Earnings stood at $5.41 per share, up 78.
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Ulta Beauty (NASDAQ:ULTA)
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