Ulta Q2 net sales climb 24.8%

The US beauty retailer posted strong second quarter results

US beauty retailer Ulta has posted net sales growth of 24.8% during the second quarter of 2013 to $601.0m from $481.7m in 2012. Comparable store sales also grew 8.4% while net income increased 28.3% to $44.9m.

E-commerce sales also saw positive growth, climbing 72% on last year. Meanwhile, Ulta also added several new brands including IT Cosmetics, Jane Cosmetics, Mally Girl, and Meaningful Beauty.

"The Ulta Beauty team delivered a very strong quarter while moving our growth strategy forward," stated Mary Dillon, CEO. "Ulta Beauty added several new brands to its stores; we further expanded the number of Clinique and Lancome boutiques; we drove rapid growth in our e-commerce business; and we achieved record membership in our loyalty program. I am incredibly excited about the future potential of Ulta Beauty, and I look forward to working with the team to build on the solid foundation they have built”.