Press release
Ulta Beauty Announces Record Third Quarter Fiscal 2021 Results
Net Sales of $2.0 Billion Compared to $1.6 Billion in the Year-Ago Quarter Comparable Sales Increased 25.8% Net Income of $215.3 Million or $3.94 Per Diluted
About this update from Ulta Beauty, Inc.
[{"type":"text","content":"\nNet Sales of $2.0 Billion Compared to $1.6 Billion in the Year-Ago Quarter \n\nComparable Sales Increased 25.8%\n\nNet Income of $215.3 Million or $3.94 Per Diluted Share\n\nCompany Raises Full Year Guidance\n\n BOLINGBROOK, Ill.--(BUSINESS WIRE)--\nUlta Beauty, Inc. (NASDAQ: ULTA) today announced financial results for the thirteen-week period (“third quarter”) and thirty-nine-week period (“first nine months”) ended October 30, 2021 compared to the same periods ended October 31, 2020.\n\n\n\n \n\n\n\n13 Weeks Ended\n\n\n\n\n\n \n\n\n\n \n\n\n\nOctober 30,\n\n\n\n \n\n\n\nOctober 31,\n\n\n\n \n\n\n\nNovember 2,\n\n\n\n\n\n(Dollars in millions)\n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n2019\n\n\n\n\n\nNet sales\n\n\n\n \n\n\n\n$\n\n\n\n1,995.8\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1,552.0\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1,682.5\n\n\n\n \n\n\n\n\n\nComparable sales\n\n\n\n \n\n\n\n \n\n\n\n25.8\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n(8.9\n\n\n\n)%\n\n\n\n \n\n\n\n \n\n\n\n3.2\n\n\n\n%\n\n\n\n\n\nGross profit (as a percentage of net sales)\n\n\n\n \n\n\n\n \n\n\n\n39.6\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n35.1\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n37.1\n\n\n\n%\n\n\n\n\n\nSelling, general and administrative expenses\n\n\n\n \n\n\n\n$\n\n\n\n503.4\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n416.4\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n449.2\n\n\n\n \n\n\n\n\n\nOperating income (as a percentage of net sales)\n\n\n\n \n\n\n\n \n\n\n\n14.2\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n6.5\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n10.0\n\n\n\n%\n\n\n\n\n\nDiluted earnings per share\n\n\n\n \n\n\n\n$\n\n\n\n3.94\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1.32\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n2.25\n\n\n\n \n\n\n\n\n\nNew store openings, net\n\n\n\n \n\n\n\n \n\n\n\n6\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n(2\n\n\n\n)\n\n\n\n \n\n\n\n \n\n\n\n28\n\n\n\n \n\n\n\n\n“The Ulta Beauty team delivered outstanding results again this quarter. For the third quarter, we delivered record sales and earnings, increased our market share, and expanded our Ultamate Rewards loyalty program to nearly 36 million members,” said Dave Kimbell, chief executive officer. “This strong third quarter performance reflects the strength and resiliency of the Beauty category, the power of the Ulta Beauty differentiated model, and the impact of our winning culture and team. I want to express my sincere appreciation t...