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Ulta Beauty (ULTA): Q3 2019 Earnings Snapshot

— Ulta Beauty (NYSE: ULTA) reported third-quarter 2019 earnings of $2.25 per share, vs. $2.13 per share expected.

— Net sales grew 7.6% to $1.68 billion, vs. $1.69 billion expected. Comp sales grew 3.2% driven by 2.3% transaction growth.

— For fiscal 2019, expects total sales growth of about 10%, vs prior estimate of 9-12%. EPS estimated to be $11.93-$12.03 (previously $11.86-$12.06)

— ULTA shares rose 6% immediately following the announcement. 

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