Ulta Beauty Surpasses Q3 Expectations With $2.9B in Sales, Driven by Fragrance Boom and International Expansion

Ulta Beauty beat Wall Street forecasts on both the top and bottom lines in its third quarter, helped by fragrance, K-beauty and international expansion. The Bolingbrook, Ill.-based retailer reported net sales increased 12.9 percent to 2.9billion,primarilyduetoincreasedcomparablesales,theacquisitionofSpaceNK,andnetnewstorecontribution.WallStreethadpenciledin2.9 billion, primarily due to increased comparable sales, the acquisition of Space NK, and net new store contribution. Wall Street had penciled in 2.71 billion. More from WWD Net income was 230.9million,comparedto230.9 million, compared to 242.2 million a year earlier, while diluted earnings ...