Net sales increased 18.6% to $1.3 billion in the third quarter. Operating income rose 16.5% to $162.7 million. Net income jumped 19.5% to $104.6 million.
For the first nine months, net sales leaped 20.5% to $3.9 billion. Operating income increased 23.3% to $530.9 million. Net income rose 28.8% to $347.1 million.
“Our third quarter results clearly demonstrate the strength and distinct advantages of the Ulta Beauty business model,” said Mary Dillon, chief executive officer. “We delivered double digit comparable sales growth, in spite of a moderation in the growth rate of our largest category - makeup - and meaningful disruption from hurricanes. We flexed our merchandising and marketing plans, leveraged our consumer insights and CRM platform, and worked with our brand partners to create compelling offers for our guests. We also benefitted from the unmatched breadth of beauty categories and products we offer. These levers allowed us to drive significant share gains, continue to rapidly grow our base of loyalty members, and thrive amidst shifting category trends within the beauty industry.”
Forecasting the fourth quarter of fiscal 2017, the company currently expects net sales in the range of $1.9 billion to $2.0 billion.