Ulta Beauty Q1 EPS $6.47 Beats Estimates, Lowers Full-Year Guidance

May 30, 2024, 08:35 PM

Ulta Beauty reported its Q1 2025 earnings, with GAAP EPS of $6.47, surpassing the estimated $6.22. The company's sales reached $2.726 billion, slightly above the $2.721 billion estimate. Despite these beats, Ulta has lowered its full-year guidance. The updated guidance includes net sales of $11.5 billion to $11.6 billion, down from the previous $11.7 billion to $11.8 billion range, and comparable sales growth of 2% to 3%, reduced from the prior 4% to 5% estimate. The stock remained flat in after-hours trading. Additionally, the reported EPS estimate was $6.28, and revenue estimate was $2.76 billion. Comparable sales increased by 1.6%.