Ulta Beauty Inc. said its normalized net income for the fiscal first quarter ended May 2 amounted to $1.04 per share, compared with the S&P Capital IQ consensus estimate of 93 cents per share.

EPS rose 33.2% year over year from 78 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $67.4 million, a gain of 33.1% from $50.7 million in the year-earlier period.

The normalized profit margin rose to 7.8% from 7.1% in the year-earlier period.

Total revenue climbed 21.6% year over year to $868.1 million from $713.8 million, and total operating expenses increased 20.2% year over year to $760.5 million from $632.9 million.

Reported net income rose 35.0% year over year to $67.1 million, or $1.04 per share, from $49.7 million, or 77 cents per share.