Ulta Beauty Inc is trading about 7.7% up at $533.20 in after-hours trading after reporting a strong fiscal first-quarter earnings beat that exceeded revenue and EPS expectations.
- The company reported 11.1% net sales growth and 5.3% comparable sales growth, supported by expanding gross margins and double-digit EPS growth.
- The strong performance eased recent investor concerns regarding a cooling beauty market, fueling the sharp post-close rally.