Ulta Beauty Announces Third Quarter Fiscal 2022 Results

Ulta Beauty, Inc. (NASDAQ: ULTA) today announced financial results for the thirteen-week period (“third quarter”) and thirty-nine-week period (“first nine months”) ended October 29, 2022 compared to the same periods ended October 30, 2021.

For the Third Quarter of Fiscal 2022:
*Net sales increased 17.2% to $2.3 billion compared to $2.0 billion in the third quarter of fiscal 2021 primarily due to the favorable impact from the continued resilience of the beauty category, retail price increases, and the impact of new brands and product innovation compared to the third quarter of fiscal 2021.
*Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 14.6% compared to an increase of 25.8% in the third quarter of fiscal 2021, driven by a 10.7% increase in transactions and a 3.5% increase in average ticket.
*Gross profit increased 22.0% to $962.8 million compared to $789.5 million in the third quarter of fiscal 2021.
*Operating income increased 27.3% to $361.9 million, or 15.5% of net sales, compared to $284.2 million, or 14.2% of net sales, in the third quarter of fiscal 2021.
*Net income increased 27.5% to $274.6 million compared to $215.3 million in the third quarter of fiscal 2021.
details at: https://www.ulta.com/investor/news-events/press-releases/detail/161/ulta-beauty-announces-third-quarter-fiscal-2022-results

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