08.31.18
Ulta Beauty, Inc. posted financial results for the second quarter and 26-week period ended Aug. 4, 2018, which compares to the same periods ended July 29, 2017.
Net sales soared 15.4% to $1.5 billion. Comparable sales (sales for stores open at least 14 months and e-commerce sales) rose 6.5%; operating income increased 7.8% to $193.8 million.
For the first six months, net sales increased 16.4% to $3.0 billion. During the second quarter of fiscal 2018, the company opened 19 stores. Ulta ended the second quarter of fiscal 2018 with 1,124 stores and square footage of 11,824,009, representing an 11.2% increase in square footage compared to the second quarter of fiscal 2017.
For the third quarter of fiscal 2018, the company expects achieve comparable sales growth of approximately 6% to 8% with net sales in the range of $1.6 billion to $1.7 billion, compared to actual net sales of $1.3 billion in the third quarter of fiscal 2017.
Net sales soared 15.4% to $1.5 billion. Comparable sales (sales for stores open at least 14 months and e-commerce sales) rose 6.5%; operating income increased 7.8% to $193.8 million.
For the first six months, net sales increased 16.4% to $3.0 billion. During the second quarter of fiscal 2018, the company opened 19 stores. Ulta ended the second quarter of fiscal 2018 with 1,124 stores and square footage of 11,824,009, representing an 11.2% increase in square footage compared to the second quarter of fiscal 2017.
For the third quarter of fiscal 2018, the company expects achieve comparable sales growth of approximately 6% to 8% with net sales in the range of $1.6 billion to $1.7 billion, compared to actual net sales of $1.3 billion in the third quarter of fiscal 2017.