Chain Store Age
Ulta Beauty’s net income increased 25.3% to $131.2 million in the quarter ended Oct. 28. Net sales increased 16.2% to $1.56 billion, in line with estimates. Total same-store sales increased 7.8%, driven by new store growth along with 5.3% transaction growth and 2.5% growth in average ticket. E-commerce sales spiked 42.5% to $170.7 million, representing nearly 11% of total company revenue.
Ulta kept up its heady expansion during the quarter, opening 42 new stores. It also remodeled four existing locations and relocated one unit. The retailer has opened 105 net new stores to date this year.. . . more