Business Columnists

Ulta Achieves Strong Earnings in Challenging Retail Environment

Ulta Achieves Strong Earnings in Challenging Retail Environment
An image of the sign for Ulta Beauty as photographed in Levittown, New York, on March 16, 2020. Bruce Bennett/Getty Images
Panos Mourdoukoutas
|Updated:
0:00
Ulta Beauty Inc. saved a pleasant surprise for its stockholders last week, reporting solid third-quarter financial results that sent its shares sharply higher on Wall Street.

Net sales were $2.53 billion, up $2.49 billion from a year ago. In addition, same-store sales (sales for stores open at least 14 months and e-commerce sales) rose 0.6 percent, driven by a 0.5 percent increase in transactions and a 0.1 percent increase in the average ticket.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”