Ulta Beauty Reaches Nearly $2 Billion in Quarterly Sales

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Ulta Beauty Reaches Nearly $2 Billion in Quarterly Sales
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.Ultabeauty's sales leapfrogged pre-COVID-19 levels this quarter.

pandemic took hold. Net income for the latest quarter was $250 million, up from $8 million for the quarter in 2020.With more customers in Ulta stores, e-commerce sales were lower, Kimbell said. About 20 percent of online shoppers are using the buy online, pick up in store offering, he added, which allows customers to pick up products within two hours.

“We’re encouraged by what we see,” Kimbell said. “We had weeks and times during the quarter that it was positive versus 2019,” noting that there have been more usage occasions.Skin care continues to do well, and Kimbell said the category posted double-digit growth compared to 2019. Kimbell said Ulta shoppers are connecting skin care and self care, and that people are not giving up their skin care routines, even as they start spending more on makeup.

In hair, Ulta launched an event meant to convert non-hair shoppers, which helped drive growth. Fragrance sales were strong, with Marc Jacobs and Carolina Herrera driving sales, as well as body scrubs and moisturizers.

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