An ‘excellent’ performance: Ulta beats expectations for Q4

An ‘excellent’ performance: Ulta beats expectations for Q4

Ulta has announced its financial results for the final quarter of the fiscal year (13 weeks ended February 2, 2019). The company saw net sales grow 9.7 percent to US$2,124.7 million in the last furlong, with full year sales up 14.1 percent to US$6,716.6 million.

Final quarter sales were boosted by a rise in both the average ticket (up 2.3 percent) as well as transaction growth (up 7.1 percent).

“The Ulta Beauty team delivered excellent results in the fourth quarter,” said Mary Dillon, Chief Executive Officer. “This performance reflects an acceleration in comparable sales in our retail stores, primarily driven by traffic. We continued to gain significant share across all major categories, particularly with digitally native brands where Ulta Beauty is often the only point of distribution in brick and mortar. Solid execution by our merchandising, store operations, e-commerce, marketing, supply chain and systems teams drove healthy sales growth and a differentiated guest experience throughout the important holiday season.”

The company announced plans to open a further 80 stores this year, as well as complete some 270 store refreshes. It is predicting sales growth in the low double digits percentage range for fiscal 2019.

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