Ulta Beauty Reports Strong Performance in Q2 2017
Ulta Beauty has released its financial results for Q2 2017.
According to the company, net sales reached $1.298 billion, a 20.6% increased over $1.069 billion in Q2 2016.
Net sales for the first six months of 2017 reached $2.6 billion, a 21.6% increases over $2.1 billion in the first six months of fiscal 2016.
Ulta CEO, Mary Dillon, stated, "The Ulta Beauty team delivered another quarter of excellent performance with strong top line growth coupled with robust margin expansion. We accelerated our market share gains while continuing to reduce promotional intensity and increase personalized offers through our industry leading loyalty program. Product category strength was broad based, with prestige cosmetics still driving the majority of our growth, and with skin care, fragrance, and hair care all gaining momentum. We are also benefitting from continued success of our marketing programs, rapid growth in e-commerce, and solid operational execution across the enterprise.”