Ulta Beauty reported a 12.9% increase in net sales to $2.9 billion compared to the previous year.
Comparable sales rose by 6.3% during the quarter, reflecting positive performance in-store and online.
The company's net income stood at $230.9 million, equivalent to $5.14 per diluted share.
Progress and Momentum
Ulta Beauty's third quarter results exceeded expectations, driven by the Ulta Beauty Unleashed Strategy that showcased improved experiences and strong sales growth.
Sales Performance
Net sales increased by 12.9%, with notable strength in ecommerce and market share gains across all categories and channels.
Operational Insights
Key factors contributing to the growth included new assortment offerings, enhanced digital experiences, and effective marketing strategies.
- The company saw a 6.3% increase in comparable sales, driven by a 3.8% rise in average ticket and a 2.4% increase in transactions.
- Gross profit saw a 14.9% increase to $1.2 billion, primarily due to lower inventory shrink and higher merchandise margin.
- Operating income was $309.4 million, representing 10.8% of net sales, compared to $318.5 million in the previous year.
Ulta Beauty's solid performance in the third quarter of fiscal 2025 underscores the success of its strategic initiatives and market positioning. With a strong focus on enhancing customer experiences and driving sales growth, the company remains well-positioned for continued success moving forward.