“The Ulta Beauty team delivered another quarter of excellent performance with strong top line growth coupled with robust margin expansion,” said Mary Dillon, chief executive officer. “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 skincare, fragrance, and haircare all gaining momentum. We are also benefiting from continued success of our marketing programs, rapid growth in e-commerce, and solid operational execution across the enterprise.”
For the second quarter, net sales increased 20.6% to $1.3 billion from $1.1 billion in the second quarter of fiscal 2016. Net income increased 26.9% to $114.2 million compared to $90.0 million in the second quarter of fiscal 2016.
For the first six months, net sales increased 21.6% to $2.6 billion from $2.2 billion in the first six months of fiscal 2016.