Ulta Beauty Inc ( ULTA ) reported financial results for the second quarter after the market close on Thursday. Here’s a rundown of the specialty beauty retailer’s report.

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Q2 Highlights: Ulta Beauty ( ULTA ) reported second-quarter revenue of $2.79 billion, beating the consensus estimate of $2.67 billion. The company reported second-quarter earnings of $5.78 per share, beating analyst estimates of $4.97 per share, according to Benzinga Pro.

Total revenue was up 9.3% year-over-year in the second quarter. Comparable sales were up 6.7% year-over-year, driven by a 3.7% increase in transactions and a 2.9% increase in average ticket.

“Outstanding top line performance, fueled by growth across all major categories, drove market share growth and better-than-expected profitability,” said Kecia Steelman, president and CEO of Ulta Beauty ( ULTA ).

Ulta said it added 24 new stores in the quarter and closed two, bringing total locations up to 1,473. Merchandise inventories were up 20.5% year-over-year to $2.4 billion. The company ended the quarter with $242.7 million in cash and cash equivalents.

Outlook: Ulta Beauty ( ULTA ) raised its fiscal year 2025 revenue from a range of $11.5 billion to $11.7 billion to a new range of $12 billion to $12.1 billion versus estimates of $11.69 billion. The company also raised its full-year earnings forecast from a range of $22.65 to $23.20 per share to a new range of $23.85 to $24.30 per share versus estimates of $23.58 per share.

Ulta Beauty ( ULTA ) said it now expects full-year comparable sales growth of 2.5% to 3.5%, up from prior guidance of flat to up 1.5%.

“Our outlook for the remainder of the year reflects both the strength of our year-to-date performance and our caution around how consumer demand may evolve in the second half of the year,” Steelman said.

Ulta Beauty ( ULTA ) executives will further discuss the quarter on an earnings call with investors and analysts at 4:30 p.m. ET.

ULTA Price Action: Ulta Beauty ( ULTA ) shares were up 5.57% in after-hours Thursday, trading at $560.17 at the time of publication, according to Benzinga Pro.

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