Ulta Beauty (ULTA) reported solid results in its second quarter earnings report Thursday, beating expectations, although the market did not have an overly exuberant response.
For the quarter ended July 29, Ulta reported revenue growth of 10.1% to $2.5 billion as its diluted earnings per share (EPS) rose 5.6% to $6.02. The increase in revenue was driven by increased comparable-store sales, which surged 8%, strong new store performance, and growth in other revenue, the company said.
