Ulta Beauty, Inc., a leading cosmetics retailer based in Bolingbrook, Illinois, has announced impressive results for the third quarter of 2021. The company reported a substantial increase in net sales, reaching $2.0 billion, which represents a growth of 28.6% compared to the same period last year. Ulta attributes this success to improved consumer confidence and the easing of Covid-19 restrictions since the third quarter of 2020. Currently, Ulta operates 1,302 stores across the United States.

During the third quarter, Ulta witnessed a year-over-year increase in comparable sales of 25.8%. Furthermore, the company experienced a 16.8% rise in transactions and a 7.7% increase in average ticket size. Comparing these figures to the pre-pandemic third quarter of 2019, comparable sales showed growth of 14.3%. The net income for the quarter was $215.3 million, or $3.94 per diluted share, in contrast to $74.8 million, or $1.32 per diluted share, during the same period last year.

Ulta’s CEO, Dave Kimbell, expressed his satisfaction with the company’s performance and stated, “For the third quarter, we achieved record-breaking sales and earnings, expanded our market share, and grew our Ultamate Rewards loyalty program to nearly 36 million members. This exceptional performance reflects the strength and resilience of the beauty industry, our unique Ulta Beauty model, and the overall effectiveness of our winning culture and team.”

In the year-to-date, Ulta has accumulated net sales of $5.9 billion, indicating a remarkable 49.3% increase compared to the same nine-month period of the previous year. Comparable sales exhibited a 47.1% rise, driven by a 40.7% increase in transactions and a 4.6% growth in average ticket size. Net income for the first three quarters of the year reached $696.5 million, or $12.60 per diluted share, contrasting with $4.3 million, or $0.08 per diluted share, in the prior year.

Due to the strong performance achieved in the third quarter, Ulta has adjusted its full-year financial guidance. The company now anticipates annual sales between $8.5 billion and $8.6 billion, surpassing the previous outlook of $8.1 billion to $8.3 billion. Ulta also predicts that comparable sales will increase by 36% to 37%, exceeding the earlier projection of 30% to 32%. Moreover, the company expects its full-year diluted earnings per share to range between $16.70 and $17.10, revised from the previous guidance of $14.50 to $14.70. In addition to its strong financial performance, Ulta has opened 42 new stores and closed four locations since the start of fiscal 2021, resulting in a total of 1,302 stores across the United States.

For more information on Ulta Beauty, you can visit their official website here. Additionally, to explore the latest beauty trends and products, you can check out Ulta’s online catalog here.