Why Ulta Beauty Stock Jumped Today

Why Ulta Beauty Stock Jumped Today

Shares of Ulta Beauty (NASDAQ: ULTA) popped 12.5% on Friday after the cosmetics retailer's earnings came in far above investors' expectations. Additionally, Ulta's average ticket price increased by 7.3%, as shoppers spent more during their visits. Together, this drove an 18% rise in Ulta's comparable sales.