Ulta Beauty (ULTA) shares gained Friday, a day 🌊after the beauty products retailer posted better-than-expected first-quarter results and said it was op꧒timistic about future growth.

The company reported a quarterly profit of $6.47 per share, well ahead of the $6.18-per-share consensus estimate of analysts compiled by Visible Alpha. Revenue increased 3.5% year-over-year to $2.73 billion, slightly higher than forecasts.

Ulta Beauty explained that the revenue gain was driven by a 1.6% advance in 澳洲幸运5开奖号码历史查询:comparable store sales, the contribution of new stores, and growth in other revenue. It not🐷ed comparable store s♏ales were boosted by a 1.3% jump in transactions and a 0.3% rise in average ticket. 

Ulta CEO Says 'Clear Plan to Accelerate Our Momentum'

澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Dave Kimbell said the retailer faced a “dynamic operating environment,” but added that Ulta Bea𝕴uty has a “clear plan to accelerate our momentum.”

CFO Paula Oyibo pointed out in the conference call that while the company anticipates comparable store sales to climb in the low-single-digit percent range in the first half of the year, it sees an acceleration in the second half of between 2% and 4%, which she said reflected “the impact of our sales-driving initiatives, our newness pipeline, and decelerating growth in the second half of last year.”

Shares of Ulta Beauty, which rose 1.4% to $390.82 as of 10:21 a.m. ET Friday, plunged last month when Kimbell told a retail conference that in the first two mo🎐nths of the fiscal year the company saw "a slowdown in the total category across price points and segments." Even with today’s gains, they remain down about 20% year-to-date.