Ulta Stock Falls After Lowering Outlook: What To Know

Ulta beat analysts' Q1 estimates but cut its full-year forecast. Here’s what you need to know.

Ulta stock
(Image credit: Getty Images)

Ulta (ULTA) stock slipped in early trading Friday after the beauty store retailer cut its full-year outlook despite reporting better-than-expected first-quarter results. 

For the three months ended May 4, Ulta’s net sales increased 3.5% year-over-year to $2.7 billion, driven by a 1.6% increase in comparable-store sales and 10 net new store openings. Its earnings per share (EPS) decreased 6% to $6.47 from the year-ago period.

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MetricNew OutlookPrevious Outlook
Net Sales$11.5 billion to $11.6 billion$11.7 billion to $11.8 billion
Comparable-Store Sales2% to 3%4% to 5%
EPS$25.20 to $26$26.20 to $27

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Joey Solitro
Contributor

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.