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Ulta Beauty Shines In Q2

For the 13-week fiscal second quarter ended August 3, Ulta Beauty posted net income of $44.9 million versus $35 million in the fiscal 2012 period and income per diluted share of 70 cents compared to 54 cents in the second frame last year. Comparable store sales increased 8.4%, according to the company, including the contribution of e-commerce revenues.

Ulta income beat a Thomson Reuters average analyst estimate of 67 cents per diluted share for the quarter.

Net sales gained 24.8% to $601 million versus the 2012 second quarter, the company stated. Operating income advanced 26.8% as compared with last year’s period to $72.9 million, or 12.1% of net sales, it added.

 “The Ulta Beauty team delivered a very strong quarter while moving our growth strategy forward,” Mary Dillon, CEO, said. “Ulta Beauty added several new brands to its stores. We further expanded the number of Clinique and Lancôme boutiques. We drove rapid growth in our e-commerce business, and we achieved record membership in our loyalty program. I am incredibly excited about the future potential of Ulta Beauty, and I look forward to working with the team to build on the solid foundation they have built.”

The retailer noted that it had added 39 Clinique boutiques by second quarter’s end. As a result, 90 stores features Clinique shops chain-wide and Ulta pointed out that it expects to add 10 more in fiscal 2013. The company also added five Lancôme boutiques. The addition brings the total number of stores offering Lancôme shops to 85, with 20 additional boutiques underway, Ulta maintained.