Ulta Beauty reports Q2 EPS $5.78, consensus $5.04

Reports Q2 revenue $2.79B, consensus $2.67B. Reports Q2 SSS up 6.7%. “The Ulta Beauty (ULTA) team delivered strong results in the second quarter, including 6.7% comparable sales growth. Outstanding top line performance, fueled by growth across all major categories, drove market share growth and better-than-expected profitability,” said Kecia Steelman, CEO. “I am proud of the Ulta Beauty team’s collective efforts to deliver great guest experiences in stores and across our digital channels. As we look to the future, we remain committed to executing our Ulta Beauty Unleashed strategy and strengthening our operating model. Our outlook for the remainder of the year reflects both the strength of our year-to-date performance and our caution around how consumer demand may evolve in the second half of the year. While near-term uncertainty persists, we’re staying focused on what we can control and on executing with excellence to deliver our uniquely Ulta Beauty experience.”