Net sales

Ulta Beauty sees fourth-quarter net sales up 24.1%

Ulta Beauty appears to be doing well in the increasingly fierce battle for beauty care customers, as Sephora expands its in-store presence at Kohl’s and Walmart adopts the Beauty Space kiosk concept in its stores.

CEO David Kimbell said Thursday, March 10 that he was confident Ulta would continue to hold its own in 2022 and beyond after laying the foundation for continued growth in 2021, according to a company press release which highlighted its results for the fourth quarter of fiscal 2021 and the full year.

“Our fiscal year ended with better-than-expected performance, reflecting excellent company-wide execution against our fourth quarter plans as well as stronger consumer demand and the strength of the differentiated business model. ‘Ulta Beauty,” Kimbell said in the press release.

“The beauty category is healthy and growing, and we are confident that the recovery that began in 2021 will continue as consumers maintain their personal care routines, become more resilient to COVID surges and engage in more leisure and social activities,” he said. .

Kimbell said he was “more excited than ever about the opportunity for Ulta Beauty to grow and continue to lead the beauty category.”

“We emerge from the pandemic a stronger and healthier business, we operate in an attractive and growing category, and we have an exceptional team in place to execute our ambitious plans and deliver for our guests, associates and shareholders” , did he declare.

Turning to earnings for the fourth quarter ending Jan. 29, the fourth quarter saw net sales rise 24.1% to $2.7 billion, from $2.2 billion in the fourth quarter of last year. fiscal 2020 thanks to higher consumer confidence and fewer COVID-19 restrictions. Comparable sales increased in 2021 by 21.4% after a 4.8% decline in the fourth quarter of fiscal 2020. The jump came after a 10.4% increase in transactions and a 9.9% increase % of the average ticket.

Ulta’s full-year 2021 net sales increased 40.3% to $8.6 billion from $6.2 billion in fiscal 2020, primarily due to improved confidence consumers, government stimulus payments and the easing of COVID-19 restrictions. FY21 comparable sales increased 37.9% after a 17.9% decline in FY2020, with a 30% increase in transactions and a 6% increase in average ticket.

Related: Kohl’s Promises ‘Reinvention’ aims to make French retailer Sephora a $2 billion business

Kohl’s wants to increase Sephora’s sales to more than $2 billion a year. The company has about 200 Sephora stores in stores and expects to have 850 by the end of the year.

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