08.26.16
For the second quarter, Ulta Beauty’s net sales increased 21.9% to $1.0 billion from $877.0 million in the second quarter of fiscal 2015. Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 14.4% compared to an increase of 10.1% in the second quarter of fiscal 2015. The 14.4% comparable sales increase was driven by 9.7% growth in transactions and 4.7% growth in average ticket, according to the retailer. In Q2, retail comparable sales increased 12.6%, including salon comparable sales growth of 8.0%. Salon sales increased 14.3% to $59.0 million.
E-commerce sales grew 54.9% to $55.9 million from $36.1 million in the second quarter of fiscal 2015, representing 180 basis points of the total company comparable sales increase of 14.4%
ULta said, gross profit in the quarter increased 110 basis points to 36.0% from 34.9% in the second quarter of fiscal 2015, due to improvements in merchandise margins and leverage in fixed store costs, partly offset by planned supply chain deleverage related to our new distribution centers,
Net sales for the six month increased 22.8% to $2.1 billlion from $1.7 million in the first six months of fiscal 2015. Comparable sales increased 14.8% compared to an increase of 10.8% in the first six months of fiscal 2015. The 14.8% comparable sales increase was driven by 10.4% growth in transactions and 4.4% growth in average ticket.
Retail comparable sales increased 13.3%, including salon comparable sales growth of 7.9%.
E-commerce comparable sales in the first half grew 46.0%, the company said.
“The Ulta Beauty team achieved another quarter of excellent top and bottom line performance, while making significant progress on many elements of our growth strategy,” said Mary Dillon, CEO. “Our second quarter results reflect a strong pipeline of newness and innovation in merchandising, progress in growing our brand awareness, major milestones related to our loyalty program, continued rapid growth in our e-commerce business, and successful execution of our supply chain investments.”
During the second quarter, the company opened 24 stores, ending with 907 stores and square footage of 9,555,192, representing an 11% increase compared to the second quarter of fiscal 2015.
For the third quarter of fiscal 2016, the company currently expects net sales in the range of $1,072 million to $1,090 million, compared to actual net sales of $910.7 million in the third quarter of fiscal 2015.
E-commerce sales grew 54.9% to $55.9 million from $36.1 million in the second quarter of fiscal 2015, representing 180 basis points of the total company comparable sales increase of 14.4%
ULta said, gross profit in the quarter increased 110 basis points to 36.0% from 34.9% in the second quarter of fiscal 2015, due to improvements in merchandise margins and leverage in fixed store costs, partly offset by planned supply chain deleverage related to our new distribution centers,
Net sales for the six month increased 22.8% to $2.1 billlion from $1.7 million in the first six months of fiscal 2015. Comparable sales increased 14.8% compared to an increase of 10.8% in the first six months of fiscal 2015. The 14.8% comparable sales increase was driven by 10.4% growth in transactions and 4.4% growth in average ticket.
Retail comparable sales increased 13.3%, including salon comparable sales growth of 7.9%.
E-commerce comparable sales in the first half grew 46.0%, the company said.
“The Ulta Beauty team achieved another quarter of excellent top and bottom line performance, while making significant progress on many elements of our growth strategy,” said Mary Dillon, CEO. “Our second quarter results reflect a strong pipeline of newness and innovation in merchandising, progress in growing our brand awareness, major milestones related to our loyalty program, continued rapid growth in our e-commerce business, and successful execution of our supply chain investments.”
During the second quarter, the company opened 24 stores, ending with 907 stores and square footage of 9,555,192, representing an 11% increase compared to the second quarter of fiscal 2015.
For the third quarter of fiscal 2016, the company currently expects net sales in the range of $1,072 million to $1,090 million, compared to actual net sales of $910.7 million in the third quarter of fiscal 2015.