Ulta Salon (ULTA) Reports Q1 Loss Per Share of $1.39, Comps Decline 35.3%

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Go back to Ulta Salon (ULTA) Reports Q1 Loss Per Share of $1.39, Comps Decline 35.3%

Ulta Beauty Announces First Quarter Fiscal 2020 Results

May 28, 2020 4:03 PM EDT

Temporary store closures in response to COVID-19 significantly impacted sales and earnings
Proactive actions taken to increase financial flexibility during quarter
Net Sales of $1,173.2 million compared to $1,743.0 million in the year-ago quarter
Comparable Sales decreased (35.3%)
Net Loss of ($78.5) million or ($1.39) per dilutive share

BOLINGBROOK, Ill.--(BUSINESS WIRE)-- Ulta Beauty, Inc. (NASDAQ: ULTA) today announced financial results for the first quarter ended May 2, 2020.

Fiscal 2020 started off well, with good growth in comparable store sales, market share, and our Ultamate Rewards... More