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Ulta Beauty Q3 net income up 42.5%; to open 125 stores in 2013

Bolingbrook, Ill. — Ulta Beauty reported a double-digit gain in third-quarter sales and net income. The company said it is planning to open approximately 125 stores in 2013.

For the quarter ended Oct. 27, net income rose 42.5% to $38.2 million. Net sales rose 22.4% to $505.6 million, from $413.1 million in the year-ago period. Same-store sales were up 8.4%.

During the quarter, Ulta opened 49 stores, for a total of 537 stores.

In 2013, the chain expects to exceed its long-term plans 15% to 20% in annual store growth, adding approximately 125 stores, representing 22% square footage growth, the company stated.

 

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