Ulta Beauty Shares Soar Afterhours On Solid Q1 Results, Raised FY22 Guidance

Ulta Beauty Inc (NASDAQ:ULTA) reported first-quarter sales growth of 21% year-over-year to $2.35 billion, beating the consensus of $2.12 billion. Comparable sales increased 18%, driven by a 10% increase in transactions and a 7.3% increase in average ticket.

The gross margin expanded to 40.1% from 38.9% in 1Q21.