Ulta Beauty announced its financial results for the first quarter of fiscal 2025, reporting net sales of $2.85 billion, an increase of 4.5% compared to $2.73 billion in the prior-year quarter. Comparable sales grew by 2.9%, and diluted earnings per share reached $6.70, surpassing the $6.47 reported in the same period last year.
Following these encouraging results, the company updated its full-year fiscal 2025 guidance. Net sales are now projected to be between $11.5 billion and $11.7 billion, an increase from the previous range of $11.5 billion to $11.6 billion. Comparable sales growth is expected to be between 0% and 1.5%, up from the prior forecast of 0% to 1%.
Diluted earnings per share for fiscal 2025 are now anticipated to be between $22.65 and $23.20, an increase from the previous range of $22.50 to $22.90. The operating margin guidance remains unchanged at 11.7% to 11.8%. During the quarter, Ulta Beauty repurchased 986,733 shares of its common stock at a cost of $358.7 million, with $2.3 billion remaining under its $3.0 billion share repurchase program.
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