Ulta Beauty Inc. said its normalized net income for the fiscal third quarter ended Nov. 1 was 91 cents per share, compared with the S&P Capital IQ consensus estimate of 85 cents per share.
EPS climbed 29.0% year over year from 71 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $59.0 million, an increase of 29.4% from $45.6 million in the year-earlier period.
The normalized profit margin climbed to 7.9% from 7.4% in the year-earlier period.
Total revenue increased 20.5% on an annual basis to $745.7 million from $618.8 million, and total operating expenses grew 19.4% from the prior-year period to $651.6 million from $545.9 million.
Reported net income grew 30.4% from the prior-year period to $58.9 million, or 91 cents per share, from $45.2 million, or 70 cents per share.
