- Advertisement -
Ulta Beauty Inc.’s first-quarter results topped Wall Street estimates, signalling that shoppers are keeping up with non-essential beauty purchases despite growing economic concerns.
Profit last quarter was $6.70 a share, the company said Thursday after markets closed, beating analyst expectations for $5.80. Comparable sales were also higher than expected. The company boosted its full-year outlook for sales and profit.
The stock rose 7.3 percent in after-market trading in New York. The shares…
