Ulta Beauty Skyrockets with Robust Q2 Results, Elevates 2025 Forecast
Ulta Beauty posted remarkable second-quarter results for fiscal 2025, with net sales skyrocketing 9.3% to reach $2.8 billion. The comparable sales ascended by 6.7%, more than twice the expectations of Wall Street. The beauty retailer’s robust performance led the management to significantly uplift the full-year guidance.
CEO Kecia Steelman unveiled revised projections of $12.0-12.1 billion in net sales for fiscal 2025, a substantial increase from the earlier range of $11.5-11.7 billion. The guidance for earnings per share also saw a rise, moving to $23.85-24.30 from the previous $22.65-23.20. The company reported earnings of $5.78 per share, surpassing the analyst expectations of $5.08.
The success of the retailer was propelled by growth across all major categories. This includes a strong performance from new brand launches such as Sol de Janeiro exclusives, Korean beauty brand Peach & Lily, and Shakira’s hair care line Isima. Ulta also successfully completed its acquisition of UK-based Space NK, thereby expanding its international footprint. The company has plans to launch a third-party marketplace in Q3 2025.
Source: CNBC