Ulta Beauty, Inc. (NASDAQ: ULTA) has reported stronger than expected earnings and revenues for the fourth quarter of 2021. The beauty store chain also provided guidance for fiscal 2022.
At $2.7 billion, fourth-quarter net sales were up 24% from the prior-year period, and above the consensus estimates. Comparable store sales increased 21.4% during the three-month period.
Net income moved up to $289.4 million or $5.41 per share from $171.5 million or $3.03 per share in the fourth quarter of 2020. Analysts were looking for slower growth for the latest quarter.
“Our fiscal year ended with better-than-expected performance, reflecting excellent, enterprise-wide execution against our fourth quarter plans as well as stronger consumer demand and the strength of Ulta Beauty’s differentiated model,” said Dave Kimbell, chief executive officer of Ulta Beauty.
Shares of Ulta Beauty have gained 19% in the past twelve months. The stock traded slightly lower early Friday.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Shares of Mattel, Inc. (NASDAQ: MAT) were up slightly on Thursday. The stock has gained 20% year-to-date and 19% over the past three months. There is a level of optimism
Paychex Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions, is all set to publish operating results for the first three months of fiscal 2024. The company has
Darden Restaurants, Inc. (NYSE: DRI) reported first quarter 2024 earnings results today. Total sales increased 11.6% to $2.73 billion compared to the same period last year. Blended same-restaurant sales were