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08/28/2022

Ulta Beauty Sees Increased Sales in Q2

The leading beauty retailer credits the gains to the resilience of the cosmetics category and the impact of new additions to its inventory.
Zachary Russell
Associate Editor
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Ulta Beauty

Beauty retailer Ulta has shared its successful financial results from Q2, showcasing a sizable increase in net and comparable sales.

For the thirteen-week period ended July 30, 2022, Ulta Beauty reported a net sales increase of 16.8% from the same period last year, bringing sales to $2.3 billion. Comparable sales, including e-commerce sales, increased 14.4% compared to an increase of 56.3% in the second quarter of fiscal 2021. Net income increased 17.8% to $295.7 million compared to $250.9 million last year.

“Strong consumer demand and broad-based momentum across our business continued as our teams executed our plans with excellence,” said Dave Kimbell, CEO of Ulta Beauty. “For the quarter, we delivered double-digit comparable sales growth across all major categories and increased profitability, demonstrating the strength of our model and the commitment of our teams.”

Given the strong second quarter, the beauty retailer, home to private and exclusive brands, updated its fiscal 2022 outlook by increasing net sales projections to $9.65 to $9.75 billion. In the second quarter, Ulta Beauty opened seven new stores and relocated four stores.

“As we look to the second half of the year, we continue to operate in a dynamic environment, but I am confident that our unique model and one-of-a-kind assortment, paired with the strong emotional connection guests have to Beauty, position us well to continue to deliver profitable growth,” added Kimbell.

Ulta Beauty operates 1,325 retail stores across 50 states and also distributes its products through its website,