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Ulta Beauty’s net income, sales up in Q3
New York -- Ulta Beauty’s net income increased 19.1% to $45.4 million in the third quarter, amid strong sales of prestige cosmetics and skin care and strong online sales.
Sales for the quarter ended Oct. 27 rose 22.4% to $618.8 million. Same-store sales rose 6.8%, including the impact of e-commerce sales.
During the quarter, e-commerce sales grew 74.4%, representing 170 basis points of the total company same-store sales increase.
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Ulta Beauty delivers in third quarter
Ulta Beauty posted strong double-digit gains during its third quarter thanks in part to strength in sales of prestige cosmetics and skin care and strong online sales.
Sales for the quarter ended Oct. 27 rose 22.4% to $618.8 million. Same-store sales rose 6.8%, including the impact of e-commerce sales.
Net income increased 19.1% to $45.4 million compared with $38.2 million. Income per diluted share rose 18.6% to 70 cents per share, including 2 cents per diluted share related to a severance charge.