Press release
Ulta Beauty Announces Record First Quarter Fiscal 2021 Results
Net Sales of $1.9 Billion Compared to $1.2 Billion in the Year-Ago Quarter Comparable Sales Increased 65.9% Net Income of $230.3 Million or $4.10 Per Diluted
About this update from Ulta Beauty, Inc.
[{"type":"text","content":"\nNet Sales of $1.9 Billion Compared to $1.2 Billion in the Year-Ago Quarter\n\nComparable Sales Increased 65.9%\n\nNet Income of $230.3 Million or $4.10 Per Diluted Share\n\nCompany Raises Outlook for Fiscal Year 2021\n\n BOLINGBROOK, Ill.--(BUSINESS WIRE)--\nUlta Beauty, Inc. (NASDAQ: ULTA) today announced financial results for the first quarter ended May 1, 2021.\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\nMay 1,\n\n\n\n \n\n\n\nMay 2,\n\n\n\n \n\n\n\nMay 4,\n\n\n\n\n\n(Dollars in millions)\n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n2019\n\n\n\n\n\nNet sales\n\n\n\n \n\n\n\n$\n\n\n\n1,938.5\n\n\n\n \n\n\n\n$\n\n\n\n1,173.2\n\n\n\n \n\n\n\n$\n\n\n\n1,743.0\n\n\n\n\n\nComparable sales\n\n\n\n \n\n\n\n \n\n\n\n65.9%\n\n\n\n \n\n\n\n \n\n\n\n(35.3)%\n\n\n\n \n\n\n\n \n\n\n\n7.0%\n\n\n\n\n\nGross profit (as a percentage of net sales)\n\n\n\n \n\n\n\n \n\n\n\n38.9%\n\n\n\n \n\n\n\n \n\n\n\n25.9%\n\n\n\n \n\n\n\n \n\n\n\n37.0%\n\n\n\n\n\nSelling, general and administrative expenses\n\n\n\n \n\n\n\n$\n\n\n\n443.9\n\n\n\n \n\n\n\n$\n\n\n\n380.9\n\n\n\n \n\n\n\n$\n\n\n\n403.1\n\n\n\n\n\nOperating income (as a percentage of net sales)\n\n\n\n \n\n\n\n \n\n\n\n15.8%\n\n\n\n \n\n\n\n \n\n\n\n(8.7)%\n\n\n\n \n\n\n\n \n\n\n\n13.6%\n\n\n\n\n\nDiluted earnings per share\n\n\n\n \n\n\n\n$\n\n\n\n4.10\n\n\n\n \n\n\n\n$\n\n\n\n(1.39)\n\n\n\n \n\n\n\n$\n\n\n\n3.26\n\n\n\n\n\nNew store openings, net\n\n\n\n \n\n\n\n \n\n\n\n26\n\n\n\n \n\n\n\n \n\n\n\n10\n\n\n\n \n\n\n\n \n\n\n\n22\n\n\n\n\n“The Ulta Beauty team delivered an outstanding start to the year, with sales and earnings exceeding fiscal 2020 and fiscal 2019 first quarter levels,” said Mary Dillon, chief executive officer. “I want to thank all our associates for their continued efforts to deliver great experiences and support our business in an environment that continues to be very dynamic.”\n\n“We have emerged from 2020 with strong momentum in our sales trends, market share gains, and consumer sentiment,” said Dave Kimbell, president. “As increasing consumer confidence, the relaxation of restrictions, and a desire for newness drive increased engagement with the beauty category, our differentiated model, combined with our ongoing efforts to create meaningful guest connections, position us well to lead...