Ulta has announced its financial results for the third quarter of the current fiscal year. The US beauty retailer saw net sales rise 16.2 percent in the 13-week period to US$1.56 million, compared to the same three months of 2017 and reiterated its FY 2018 guidance for diluted EPS growth in the low twenties range.
“Ulta Beauty’s strong performance in the third quarter reflects continued market share gains across all major categories, acceleration in our overall comp driven by healthy traffic, excellent new store productivity, and robust e-commerce growth,” said Mary Dillon, Chief Executive Officer.
The company singled out MAC Cosmetics, prestige skin care and skin care as its strongest performers on an earnings call late last week, per WWD.
“We’re really optimistic about make-up,” said Dave Kimbell, Ulta’s Chief Merchandising and Marketing Officer. “There’s certainly a strengthening in skin care but we feel our consumers remain very engaged in make-up.”