Highlights - Nine Months Ended March 31, 2021 •GAAP Net Income of $684 million, up 58%; GAAP earnings per share (EPS) of 43.8 cents per share, up 63%; •$55 million Bemis cost synergies year to date; expect approximately $70 million in FY21 and well positioned todeliver at least $180 million by end of fiscal 2022; •Quarterly dividend higher than this quarter last year at 11.75 cents per share; •Approximately 2% of outstanding shares repurchased year to date;
For the First Quarter of Fiscal 2022
*Net sales increased 21.0% to $2.3 billion compared to $1.9 billion in the first quarter of fiscal 2021 due to the favorable impact of fewer COVID-19 restrictions compared to the first quarter of fiscal 2021.
*Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 18.0%, driven by a 10.0% increase in transactions and an 7.3% increase in average ticket.
*Gross profit increased to $941.0 million compared to $753.8 million in the first quarter of fiscal 2021. As a percentage of net sales, gross profit increased to 40.1% compared to 38.9% in the first quarter of fiscal 2021, primarily due to leverage in fixed costs, strong growth in other revenue, and favorable channel mix shifts, partially offset by lower merchandise margin.
*Operating income increased to $437.7 million, or 18.7% of net sales, compared to $305.3 million, or 15.8% of net sales, in the first quarter of fiscal 2021.
*Net income increased to $331.4 million compared to $230.3 million in the first quarter of fiscal 2021.
“The Ulta Beauty team delivered exceptional first quarter results, with better-than-expected sales and earnings growth, supported by double-digit comparable sales growth across all major categories,” said Dave Kimbell, chief executive officer. “Solid execution of our strategies, paired with strong guest demand, fueled our financial performance and continued market share gains as we delighted our guests with exciting brand launches within our one-of-a-kind assortment and differentiated guest experiences.”
details at: https://www.ulta.com/investor/news-events/press-releases/detail/151/ulta-beauty-announces-record-first-quarter-fiscal-2022