Ulta Beauty Q1 Earnings Call Highlights

TL;DR

Ulta Beauty raises annual profit forecast on higher-priced product demand Ulta Beauty beat Wall Street expectations on the top and bottom lines in its first quarter as it revealed a new Times Square flagship in New York City. The retailer’s net sales increased 11.1 percent in the first quarter to $3.2 billion, primarily due to increased comparable sales, the acquisition of Space NK, and sales from new stores. Analysts had predicted $3.12 billion.