Ulta Beauty, Inc. (ULTA) stock surged 5.18% in the pre-market trading session at the price of $403.50 after reporting its financial results for the third fiscal quarter ended 30th October 2021.
Ulta Beauty is one of the largest beauty retailers of fragrance, cosmetics, hair care products, skincare products, and salon services.
ULTA Third Quarter Fiscal 2021 Financial Results
On 2nd December 2021, ULTA announced its financial results for the third quarter and nine months ended 30th October 2021. The company has also presented its business highlights.
Third Quarter Financial Summary
ULTA reported net sales of $2.0 billion for the fiscal third quarter of 2021. It represents an increase of 28.6% from $1.6 billion for the same three months of 2020. For the third quarter of 2021, gross profit grew $789.5 million. Gross profit was $545.5 million for the third quarter of fiscal 2020. Selling, general and administrative expenses were $503.4 million for the fiscal third quarter of 2021.
Operating income raised by $284.2 million for the third quarter ended 30th October 2021. ULTA reported a net income of $215.3 million for the fiscal third quarter of 2021. Net income totaled $74.8 million for the third quarter of 2021. Diluted earnings per share increased to $3.94 from $1.32 in the fiscal third quarter of 2020. For the third quarter of fiscal 2020, adjusted diluted earnings per share were $1.64.
Nine Months Earnings Report
ULTA reported net sales of $5.9 billion for the nine months ended on 30th October 2021. It represents an increment of 49.3% from $4.0 billion for the nine months of fiscal 2020. For the nine months of fiscal 2021, operating income totaled $921.9 million. Operating income was $12.5 million in the same nine months of fiscal 2020.
ULTA reported a net income of $696.5 million for the first nine months of fiscal 2021. Gross profit grew $2.3 billion from $1.2 billion in the nine months ended 30th October 2020. Diluted earnings per share were $12.60 for the first nine months of fiscal 2021. Adjusted diluted earnings per share totaled $1.22 for the first nine months ended 30th October 2021.
