Ulta Beauty increases year-over-year sales

BOLINGBROOK - Ulta Beauty Inc. reported financial results for its fiscal year second quarter, including net sales of $2.3 billion, as compared to $2.0 billion in the same quarter a year ago.

Net income was $295.7 million, or $5.70 per diluted share, up 25% over the 2021 quarter, the company said.

Gross profit increased 16.3% to $928.2 million compared to $798.0 million in the same period a year ago.

"For the quarter, we delivered double-digit comparable sales growth across all major categories and increased profitability, demonstrating the strength of our model and the commitment of our teams," said Dave Kimbell, chief executive officer.

Ulta Beauty is the largest U.S. beauty retailer. The company operates 1,325 retail stores across 50 states, selling cosmetics, fragrance, skin care products, hair care products and salon services.