Ulta Beauty reports record Q2; net sales $2.0B, comps +56.3%, raises FY2021 guidance

Ulta Beauty, Inc.

2021-Q2 EPS reported $8.66 revenue$3,905,726,000

Net sales $2.0B (+60.2% YoY); comparable sales +56.3% vs -26.7% YoY.
GAAP diluted EPS $4.56 vs $0.14 YoY; net income $250.9M vs $8.1M.
Fiscal 2021 outlook raised: net sales $8.1-8.3B (prior $7.7-7.8B), EPS $14.50-14.70 (prior $11.50-11.95).
Repurchased 746,367 shares for $243.5M in Q2; $886.2M remaining under $1.6B program.
Gross margin improved to 40.6% from 26.8%; 7 new stores opened; total 1,296 stores.

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