Ulta Beauty has released its financial results for first quarter 2017.
- Net sales reached $1.3 billion, an increase of 22.5% from $1.07 billion in first quarter 2016.
- Salon sales reached $68.7 million, an increase of 16.7% from $58.9 million in first quarter 2016.
- E-commerce sales reached $104.3 million, an increase of 70.9% from $61 million in first quarter 2016.
Mary Dillion, CEO of Ulta Beauty, commented on the financial results by saying, “The Ulta Beauty team kicked off 2017 with excellent performance in the first quarter. Strong execution of our growth strategies delivered above-plan sales and earnings growth. Our results reflect continued newness and innovation in merchandising, successful marketing programs, steady progress in our salon business and exceptional growth in e-commerce.”