By Yasin Ebrahim

Investing.com – Ulta Beauty (NASDAQ:ULTA) (NASDAQ:) raised its full-year sales outlook Thursday after reporting bumper third-quarter results, driven by a boost from the reopening. 

Ulta Beauty shares gained 6% in after-hours trading following the report.

For the full-year 2022, sales were expected to be in the range of $8.5 billion to $8.6 billion, up from prior guidance of $8.1 billion to $8.3 billion. That compared with Wall Street estimates for $8.36 billion. 

Ulta Beauty announced earnings per share of $3.94 on revenue of $2.44 billion. Analysts polled by Investing.com anticipated EPS of $2.44 on revenue of $1.88 billion.

Comparable sales increased 25.8%, driven by a 16.8% increase in transactions and a 7.7% increase in average ticket.

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