Looking at Q1, Ulta Beauty (NASDAQ:ULTA) earned $305.32 million, a 36.14% increase from the preceding quarter. Ulta Beauty's sales decreased to $1.94 billion, a 11.82% change since Q4. In Q4, Ulta Beauty brought in $2.20 billion in sales but only earned $224.27 million.
Ulta Beauty, Inc. (NASDAQ: ULTA) stock closed more than 5% higher Friday after the beauty retailer posted a first-quarter beat and raise, with $1.9 billion in net sales — up 65.2% from $1.2 billion one year earlier and beating the $1.64-billion Street estimate.
Gainers
Salesforce.com (NYSE: CRM) shares are trading higher after the company reported better-than-expected Q1 EPS and sales results. The company also issued Q2 EPS and sales guidance above estimates and raised FY22 EPS and sales guidance above estimates.
Companies Reporting Before The Bell
• Royal Bank of Canada (NYSE:RY) is likely to report quarterly earnings at $2.48 per share on revenue of $11.77 billion.