Press release
Ulta Beauty Announces Second Quarter Fiscal 2023 Results
Net Sales of $2.5 Billion Compared to $2.3 Billion in the Year-Ago Quarter Comparable Sales Increased 8.0% Net Income of $300.1 Million or $6.02 Per Diluted
About this update from Ulta Beauty, Inc.
[{"type":"text","content":"\nNet Sales of $2.5 Billion Compared to $2.3 Billion in the Year-Ago Quarter\n\n\nComparable Sales Increased 8.0%\n\n\nNet Income of $300.1 Million or $6.02 Per Diluted Share\n\n\nCompany Raises Outlook for Fiscal Year 2023\n\n\n BOLINGBROOK, Ill.--(BUSINESS WIRE)--\nUlta Beauty, Inc. (NASDAQ: ULTA) today announced financial results for the thirteen-week period (“second quarter”) and twenty-six-week period (“first six months”) ended July 29, 2023 compared to the same periods ended July 30, 2022.\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n13 Weeks Ended\n\n\n\n\n\n\n \n\n\n\n\n\n\n26 Weeks Ended\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nJuly 29,\n\n\n\n\n\n\n \n\n\n\n\n\n\nJuly 30,\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nJuly 29,\n\n\n\n\n\n\n \n\n\n\n\n\n\nJuly 30,\n\n\n\n\n\n\n\n\n(Dollars in millions, except per share data)\n\n\n\n\n\n\n\n2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n2022\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n2022\n\n\n\n\n\n\n\n\nNet sales\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n2,529.8\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n2,297.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n5,164.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n4,643.0\n\n\n\n\n\n\n\n\nComparable sales\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n8.0%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n14.4%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n8.7%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n16.2%\n\n\n\n\n\n\n\n\nGross profit (as a percentage of net sales)\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n39.3%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n40.4%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n39.7%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n40.3%\n\n\n\n\n\n\n\n\nSelling, general and administrative expenses\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n600.7\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n534.5\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n1,212.8\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n1,035.4\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\n\n\n \n\n\n\n\n\n\n15.5%\n\n\n\n\n\n\n \n\n\n\n\n\n\n...