Ulta earnings beat expectations with growth in key categories

alta beauty (Ulta) reported strong results in its second-quarter earnings report on Thursday, beating expectations, although the market did not have an excessive response.

For the quarter ended July 29, Ulta reported revenue growth of 10.1% to $2.5 billion, as diluted earnings per share (EPS) increased 5.6% to $6.02. The company said the increase in revenue was driven by higher comparable-store sales, which were up 8%, strong new-store performance, and growth in other revenue.

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