Ulta Beauty (NASDAQ) – Investing.com reported a first quarter exceeding analysts’ expectations and generating revenue above the expected.

After-hours trading saw shares of Ulta jump 6% on Thursday following the release.

Ulta Beauty posted earnings per share at $6.28 for revenue of $2.35 trillion. Investing.com polled analysts to predict EPS at $4.44 for revenues of $2.12 Billion.

Cosmetics and beauty retailers are seen to be benefiting from this reopening trend. People will dress up, return to work, and go out more following two years of pandemic shutdowns.

Comparable store sales rose 18% over the same period last year due to a 10% rise in transactions and an 7% increase on the sale value.

Dave Kimbell, CEO of the company, said that “solid execution of our strategy, coupled with strong guests demand, fuelled our financial performance, and continued market share increases.”

Ulta Beauty shares fell 38.45% over the first year. This is still a decrease of 13.83% from April 21, when the 52-week peak of $438.63 was reached. The shares are outperforming the Nasdaq by 24.96% since the beginning of the year.

Ulta Beauty is following other significant Consumer Discretionary Sector earnings this month

Ulta Beauty reports on Amazon.com. Amazon.com missed its April 28 expectations with first quarter losses at $7.56 per share, on $116.44 million in revenue, as opposed to the forecasted $8.35 per share of revenue revenue of $116.45.

You can keep up to date on the latest earnings reports at www.investors.com Investing.com’s earnings calendar