Ulta Beauty, Inc. (NASDAQ: ULTA) has reported a sharp increase in sales for the third quarter of 2022 when the beauty store chain’s comparable store sales rose in double digits. The company also raised its full-year 2022 guidance.
At $2.34 billion, third-quarter net sales climbed 17.2% from the prior-year period. Comparable store sales increased by 14.6% during the three-month period.
Net income moved up to $274.6 million or $5.34 per share in the most recent quarter from $215.3 million or $3.94 per share in the same period of 2021. The management currently expects full-year sales to be in the range of $9.95 billion to $10.00 billion, which is higher than the prior guidance.
Read management/analysts’ comments on quarterly reports
“Our third quarter results reflect the sustained resilience of the beauty category and the strong emotional connection and loyalty we have cultivated with our guests. I am confident our business model, which offers unmatched breadth, value, and convenience, is even more relevant today and unlocks opportunities to further delight guests as we continue to lead the beauty category,” said Dave Kimbell, chief executive officer of Ulta Beauty.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Tyson Foods (TSN) Q1 2023 Earnings: Key financials and quarterly highlights
Tyson Foods Inc. (NYSE: TSN) reported first quarter 2023 earnings results today. Sales rose 2.5% year-over-year to $13.2 billion. Net income attributable to Tyson was $316 million, or $0.88 per
After weak start to 2023, Apple (AAPL) sees some bright spots
Apple Inc. (NASDAQ: AAPL) this week reported its first revenue decline in more than three years, even as the high inflation continues to squeeze customers’ spending power. Sales of the
Earnings: Qualcomm (QCOM) Q1 profit falls on lower revenues
Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5
