By Davit Kirakosyan

Ulta Beauty (NASDAQ:) shares were trading around 8% higher after-hours following the company’s reported Q1 results, with EPS of $6.30 coming in better than the Street estimate of $4.47.

The Street estimates that revenue rose 21% to $2.35 Billion, while revenues grew by 21% over the previous year. The 10% increase in transactions and 7.3% rise in the average ticket drove 18% growth in comparable sales.

“The Ulta Beauty team delivered exceptional first quarter results, with better-than-expected sales and earnings growth, supported by double-digit comparable sales growth across all major categories,” said Dave Kimbell, chief executive officer. “Solid execution of our strategies, paired with strong guest demand, fueled our financial performance and continued market share gains as we delighted our guests with exciting brand launches within our one-of-a-kind assortment and differentiated guest experiences.”

Company increased full-year 2022 guidance. It expects earnings to be in the range $19.20-20.10, as opposed to $18.66. Comparable to $9.18 million, full-year revenue is projected to reach $9.35-9.55 trillion.

Ulta shares were down by 8% in the year to date.