Ulta Beauty has reported Q2 2022 net sales of $2.3 billion, a 16.8% increase from $2.0 billion in the prior year period. Its six-month net sales totaled $4.6 billion, compared to almost $4 billion in the same period of 2021.
The retailer upped its full-year forecast net sales from the $9.35-9.55 billion range to the $9.65-9.75 billion range.
Ulta Beauty has benefitted from strong foot traffic gains in 2022 so far. It has also been a bright spot for store-in-store partner Target.
“Strong consumer demand and broad-based momentum across our business continued as our teams executed our plans with excellence,” said Dave Kimbell, chief executive officer. “For the quarter, we delivered double-digit comparable sales growth across all major categories and increased profitability, demonstrating the strength of our model and the commitment of our teams.”
Kimbell continued, “As we look to the second half of the year, we continue to operate in a dynamic environment, but I am confident that our unique model and one-of-a-kind assortment, paired with the strong emotional connection guests have to Beauty, position us well to continue to deliver profitable growth.”
