Ulta Beauty beat analyst expectations for its third quarter and raised guidance as it continued to increase sales both in stores and online.
The beauty retailer’s Q3 net sales rose 24.2% to $1.13 billion from $910.7 million, beating FactSet analyst expectations for $1.11 billion. Q3 earnings were $1.40 per share, up from $1.11 in the same period last year and beating FactSet expectations for $1.37 per share.
