Ulta Beauty Q3 net sales $2.34B, EPS $5.34; raises FY22 outlook

For the First Nine Months of Fiscal 2022 ● Net sales increased 18.3% to $7.0 billion compared to $5.9 billion in the first nine months of fiscal 2021, primarily due to the favorable impact from the continued resilience of the beauty category, retail price increases, the impact of new brands and product innovation, and the easing of COVID-19 restrictions compared to the first nine months of fiscal 2021. ● Comparable sales increased 15.6% compared to an increase of 47.1% in the first nine months of fiscal 2021, driven by a 9.7% increase in transactions and a 5.4% increase in average ticket. ● Gross profit increased 21.0% to $2.8 billion compared to $2.3 billion in the first nine months of fiscal 2021. As a percentage of net sales, gross profit increased to 40.6% compared to 39.7% in the first nine months of fiscal 2021, primarily due to leverage of fixed costs, strong growth in other revenue, and favorable channel mix shifts, partially offset by lower merchandise margin and higher invent

ULTA BEAUTY ANNOUNCES THIRD QUARTER FISCAL 2022 RESULTS ​ Net Sales of $2.3 Billion Compared to $2.0 Billion in the Year-Ago Quarter Comparable Sales Increased 14.6% Net Income of $274.6 Million or $5.34 Per Diluted Share Company Raises Outlook for Fiscal Year 2022