09.09.11
Ulta Beauty posted favorable financial results for the second quarter and first six months, which ended July 30, 2011.
For the second quarter, net sales increased 22.6% to $394.6 million. Comparable store sales (sales for stores open at least 14 months) rose 11.3%, while operating income leaped 78.2% to $39.7 million.
Net income climbed 83.0% to $23.9 million.
For the first six months, net sales rose 21.6% to $780.6 million. Comparable store sales increased 11.2%, and operating income improved 72.7% to $78.7 million. Net income rose 76.6% to $47.2 million.
“We are pleased with our strong momentum and better-than-expected second quarter results, which we believe demonstrates Ulta’s increasing authority in beauty,” stated Chuck Rubin, president and chief executive officer of Ulta. “Specifically, we offer an affordable and fun beauty experience, a trend right product and service offering, exciting marketing that drives repeat purchases and a highly engaged team focused on providing fabulous customer service. We continue to expect fiscal 2011 to represent significant progress toward our long term goals.”
For the second quarter, net sales increased 22.6% to $394.6 million. Comparable store sales (sales for stores open at least 14 months) rose 11.3%, while operating income leaped 78.2% to $39.7 million.
Net income climbed 83.0% to $23.9 million.
For the first six months, net sales rose 21.6% to $780.6 million. Comparable store sales increased 11.2%, and operating income improved 72.7% to $78.7 million. Net income rose 76.6% to $47.2 million.
“We are pleased with our strong momentum and better-than-expected second quarter results, which we believe demonstrates Ulta’s increasing authority in beauty,” stated Chuck Rubin, president and chief executive officer of Ulta. “Specifically, we offer an affordable and fun beauty experience, a trend right product and service offering, exciting marketing that drives repeat purchases and a highly engaged team focused on providing fabulous customer service. We continue to expect fiscal 2011 to represent significant progress toward our long term goals.”