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Ulta Beauty fiscal Q3 profit climbs 17.7% YOY

Ulta Beauty Inc. said its normalized net income for the fiscal third quarter ended Oct. 31 amounted to $1.08 per share, compared with the S&P Capital IQ consensus estimate of $1.05 per share.

EPS increased 18.7% year over year from 91 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $69.4 million, a gain of 17.7% from $59.0 million in the third quarter ended Nov. 1, 2014.

The normalized profit margin dropped to 7.6% from 7.9% in the year-earlier period.

Total revenue climbed 22.1% year over year to $910.7 million from $745.7 million, and total operating expenses climbed 22.8% on an annual basis to $799.9 million from $651.6 million.

Reported net income grew 21.0% year over year to $71.3 million, or $1.11 per share, from $58.9 million, or 91 cents per share.