Shares of Ulta Beauty rose following the release of the beauty company’s better-than-expected fourth-quarter earnings.
Ulta shares were up nearly 4 percent in premarket trading early Friday.
The beauty retailer reported earnings per share of $3.61 on revenue of $2.12 billion. Wall Street estimated earnings per share of $3.56 on revenue of $2.11 billion, according to Refinitiv.
Ulta’s same-store sales increased 9.4 percent, compared to the estimated increase of 7.9 percent.
New cosmetics lines from Kylie Jenner and YouTuber James Charles drove more customers into stores helping it beat analysts’ comp sales estimates, CEO Mary Dillon said.
Ulta launched an exclusive brick-and-mortar distribution deal for Jenner’s Kylie Cosmetics line in Ulta stores last November. The popular assortment of lip kits and color cosmetics is currently valued at around $800 million and has continually attracted both consumers and investors to Ulta.
—CNBC’s Nia Warfield and Reuters contributed to this report.
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