Press release
Ulta Beauty Announces Record First Quarter Fiscal 2022 Results
Net Sales of $2.3 Billion Compared to $1.9 Billion in the Year-Ago Quarter Comparable Sales Increased 18.0% Net Income of $331.4 Million or $6.30 Per Diluted
About this update from Ulta Beauty, Inc.
[{"type":"text","content":"\nNet Sales of $2.3 Billion Compared to $1.9 Billion in the Year-Ago Quarter\n\nComparable Sales Increased 18.0%\n\nNet Income of $331.4 Million or $6.30 Per Diluted Share\n\nCompany Raises Outlook for Fiscal Year 2022\n\n BOLINGBROOK, Ill.--(BUSINESS WIRE)--\nUlta Beauty, Inc. (NASDAQ: ULTA) today announced financial results for the first quarter ended April 30, 2022.\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n13 Weeks Ended\n\n\n\n\n\n \n\n\n\n \n\n\n\nApril 30,\n\n\n\n \n\n\n\nMay 1,\n\n\n\n \n\n\n\nMay 2,\n\n\n\n\n\n(Dollars in millions)\n\n\n\n \n\n\n\n2022\n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n2020\n\n\n\n\n\nNet sales\n\n\n\n \n\n\n\n$\n\n\n\n2,345.9\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\nComparable sales\n\n\n\n \n\n\n\n \n\n\n\n18.0%\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\nGross profit (as a percentage of net sales)\n\n\n\n \n\n\n\n \n\n\n\n40.1%\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\nSelling, general and administrative expenses\n\n\n\n \n\n\n\n$\n\n\n\n501.0\n\n\n\n \n\n\n\n$\n\n\n\n443.9\n\n\n\n \n\n\n\n$\n\n\n\n380.9\n\n\n\n\n\nOperating income (loss) (as a percentage of net sales)\n\n\n\n \n\n\n\n \n\n\n\n18.7%\n\n\n\n \n\n\n\n \n\n\n\n15.8%\n\n\n\n \n\n\n\n \n\n\n\n(8.7%)\n\n\n\n\n\nDiluted earnings (loss) per share\n\n\n\n \n\n\n\n$\n\n\n\n6.30\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\nNew store openings, net\n\n\n\n \n\n\n\n \n\n\n\n10\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“The Ulta Beauty team delivered exceptional first quarter results, with better-than-expected sales and earnings growth, supported by double-digit comparable sales growth across all major categories,” said Dave Kimbell, chief executive officer. “Solid execution of our strategies, paired with strong guest demand, fueled our financial performance and continued market share gains as we delighted our guests with exciting brand launches within our one-of-a-kind assortment and differentiated guest experiences.”\n\nFor the First Quarter of Fiscal 2022\n\n\nNet sales increased 21.0% to $2.3 billion compared to $1.9 billion in the first quarter of fiscal 2021 due to the favorable impact of fewer COVID-19 restrictions compared t...