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Ulta Beauty Lifts FY22 Outlook

While reporting its results for the second quarter on Thursday, Ulta Beauty, Inc. (ULTA) lifted its outlook for the full year 2022.

Looking forward, the company now expects earnings of $20.70 to $21.20 per share and revenues of $9.65 billion to $9.75 billion.

Previously, the company expected earnings of $19.20 to $20.10 per share and revenues of $9.35 billion to $9.55 billion.

Analysts polled by Thomson Reuters currently expect revenues of $9.53 billion for the year. Analysts' estimates typically exclude one-time items.

ULTA closed Thursday's trading at $419.25, up $7.23 or 1.75%, on the Nasdaq. The stock further gained $11.75 or 2.80% in the after-hours trading.

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