Ulta Beauty reports Q1 EPS $6.70, consensus $5.80

Reports Q1 revenue $2.85B, consensus $2.79B. Q1 Comparable sales increased 2.9% compared to the first quarter of fiscal 2024, “driven by a 2.3% increase in average ticket and a 0.6% increase in transactions.” “Fiscal 2025 is off to an encouraging start with stronger-than-expected performance. Our Ulta Beauty (ULTA) Unleashed plan is resonating with guests, energizing our team, and fueling growth,” said Kecia Steelman, president and chief executive officer. “The operating environment is fluid, and our outlook reflects uncertainty around how consumer demand could evolve. We believe our model uniquely positions us to win, and we will continue to focus on serving our guests while staying agile as we move through the year.”