Ulta profits skyrocket 30% fueled by outstanding e-commerce sales

Ulta profits soar 30% fueled by excellent e-commerce sales

Bolingbrook, Illinois-based cosmetics and selfcare retailer Ulta Appeal, Inc. reported strong earnings and revenue development in the second quarter and very first half of fiscal 2018 on Thursday, with e-commerce leading sales boosts across the skincare, fragrance and mass cosmetics categories.
Ulta Charm has actually
reported an increase of 29.9 %in earnings for Q2 2018 -Instagram: @ultabeauty Earnings for the second quarter ended August 4, 2018
totaled$148.3 million, a 29.9 %increase compared to the $114.2 million reported by the business in the very same period in the previous year. This development was pushed by rises in net sales which continued to reveal strong development, increasing 15.4%to $1.5 billion in the quarter, compared with $1.3 billion in Q2 2017. Equivalent sales for the duration increased 6.5 %. By channel, e-commerce sales shot up 37.9%to$132.8 million, compared to $96.3 million in the prior-year duration, representing 250 basis points of Ulta’s total comparable sales boost in the quarter. Beauty parlor sales likewise increased 8.8%to$74.0 million, compared with Q2 2017’s$68.0 million.”The Ulta Appeal group provided a strong efficiency in the 2nd quarter, showing rapid growth in status boutique brand names, mass cosmetics, skin care and fragrance, offset by continued small amounts in the development rates of a few of our large color cosmetics brand names, “said Ulta Beauty CEO Mary Dillon in a release. “Our flexible business model continues to support healthy retail compensations, exceptional brand-new store productivity, and high growth for Ulta.com, leading to substantial market share gains throughout classifications.”In the very first half of the fiscal year, net sales came to$3 billion, up 16.4%from$2.6 billion in the first six months of 2017,
while comps increased 7.3%. E-commerce sales increased 43.2% to$287.2 million, compared to $200.6 million in the prior year duration, with profits from hair salon sales
growing 9.4%to$149.7 million, compared with$136.8 million. Earnings for the six-month period increased 29.0 %to$312.7 million, compared with the$242.4 million taped in the first half of financial 2017. In the 3rd
quarter, Ulta expects to see net sales of between $1.55 billion and $1.56 billion, compared with $1.34 billion in Q3 2017, while comps are anticipated to rise in between 7 %and 8 %. The merchant presently estimates that full-year sales will show increases in the low-teens portion range, while comps will rise between 6% and 8%. E-commerce sales are anticipated to continue to
perform particularly well, increasing approximately 40%. Ulta Beauty opened 19 shops over the course of the 2nd quarter and closed two, suggesting that the chain now runs 1,124 places in the United States. The cosmetics retailer plans to open a total of 100 new shops in fiscal 2018.

Be the first to comment

Leave a Reply

Your email address will not be published.