Ulta Beauty Inc. (NASDAQ:ULTA) reported its second-quarter financial results after Thursday's closing bell. Here's a look at the key figures from the report.
The Details: Ulta Beauty reported quarterly earnings of $5.30 per share, which missed the analyst consensus estimate of $5.55 by 4.5%. Quarterly sales came in at $2.552 billion, missing the consensus estimate by 2.52%.
Comparable sales decreased 1.2%, driven by a 1.8% decrease in transactions and a 0.6% increase in average ticket.
Merchandise inventories, net at the end of the second quarter of fiscal 2024 increased 10.1% to $2 billion. The increase was primarily due to inventory to support new brand launches, the opening of the new market ...
