Skip to content
New Fashion Mogul

New Fashion Mogul

The Fashion People

Primary Menu New Fashion Mogul

New Fashion Mogul

  • Fashion & Style
  • Beauty & Style
  • Cosmetics
  • Parfume
  • Fashion
  • Jewelry
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
  • Cosmetics

Ulta Beauty reports $2bn record sales as consumers demand make-up, sunscreen and celebrity launches

Diana L. Skinner May 31, 2022
By Alessandro Carrara
27-May-2022

The US beauty retailer said consumers continue to be highly engaged with the beauty category despite economic pressures

Ulta Beauty opened 10 new stores during the period

Ulta Beauty opened 10 new stores during the period

Ulta Beauty has reported record Q1 sales with prestige cosmetics and make-up’s big comeback boosting growth.

The US retailer’s top boss Dave Kimbell said, in the earnings conference call, it has seen elevated customer engagement within the beauty category.

Sales of make-up exceeded pre-pandemic levels in both mass and prestige cosmetics during the period.

Concealers, eyeliners and lipstick were standout categories, said the CEO, and the strong sales were bolstered by new product launches from Clinique, Nars and NYX.

Rihanna’s Fenty Beauty, R.E.M. Beauty by Arianna Grande and Treslúce, a mass cosmetics brand founded by Latine musician Becky G, were highlighted for a strong performance in Q1.

Kimbell also noted the strategic retail expansion of legacy brands. MAC is now available in an additional 230 stores and Chanel Beauty moved into 104 outlets during the period.

Fragrance, bath, hair care, skin care and make-up all delivered double-digit year-on-year growth.

Ulta Beauty reported growth from sales of sun protection and self-tanning products, as customers increased travel and social activities.

Black Girl Sunscreen was singled out for its strong performance.

Fragrance also saw double-digit growth in the period, bolstered by sales from this year’s Valentine’s Day.

Post-pandemic boost

Overall sales benefited from fewer Covid-19 restrictions, compared with 2021, reported Ulta.

More shoppers have participated in bricks-and-mortar activities, engaged in travel and leant into experiential spending.

Despite macroeconomic pressures such as rising inflation, Kimbell said consumer’s “resilience” and “emotional connection” to beauty continues to drive the recovery of the category.

He added that this consumer demand, paired with the strong execution of the retailer’s strategic priorities, supported the “exceptional results”.

Operating income increased to $437.7m during the quarter, compared with $305.3m in Q1 2021.

Gross profit, meanwhile, increased to $941m, and comparable sales, which covers stores that have been open for at least 14 months as well as e-commerce sales, increased by 18%.

“The Ulta Beauty team delivered exceptional first quarter results, with better-than-expected sales and earnings growth, supported by double-digit comparable sales growth across all major categories,” said Kimbell.

“Solid execution of our strategies, paired with strong guest demand, fuelled our financial performance and continued market share gains as we delighted our guests with exciting brand launches within our one-of-a-kind assortment and differentiated guest experiences.”

Kimbell’s outlook on the state of the beauty sector echoes a recent statement from L’Oréal’s Chief Executive, Nicolas Hieronimus, who said that the rise in inflation is not hampering purchases of cosmetics.

Speaking to Reuters, Hieronimus, who replaced L’Oréal’s long-standing CEO Jean-Paul Agon in 2020, said: “So far, we see no impact of inflation and price impacts on consumers’ beauty consumption.”

Other surveys have also found that the cosmetics market continues to remain buoyant.

Sign up for your free email newsletter

According to findings by bank Barclaycard, consumers are still willing to splash cash on beauty items, including make-up and fake tan.

Companies

Tags: 1172 Fashion Lagos Nigeria, 1980s Controversial Aerobics -Fashion, Are Murses In Fashion, Arkadsa, Blake Lively Fashion Spt, Daily Fashion Pic, Danse Call Me Old Fashion, Evolutions Of Fashion Models, Fashion Black Tisher For Men, Fashion Blog Athletic, Fashion Blog Sims R, Fashion Brands West, Fashion Cat Accessories, Fashion Designer With Kmart, Fashion Designer Yohji Yamamoto, Fashion Designs Art Themed, Fashion Dressses Only Makes Dresses, Fashion Fabric Suppliers Us, Fashion Figures For Second Life, Fashion For Young Women, Fashion Hello February Graphicsposts, Fashion Institute Of Technology Girl, Fashion Interiors Logo, Fashion Internship Sweden, Fashion Japan 2020, Fashion Line, Fashion Necklaces With Glitter, Fashion Nova Discont Codes, Fashion Nova One Year, Fashion Show Eyebrows, Fashion Stylist In Manila, Fashion Today Jackson, Fashion Week Worldwide Dates 2019, Fashion With Athletic Legs Men, Flushing Fashion City, High Fashion Memes, Hoyoung Thug Fashion, Kelly Slater Wades Into Fashion, Kelly The Office Fashion Show, Kylie.Jenner Fashion Nova Commercial, Lolita Fashion From Amazon Reddit, Pink Foil Janoski Fashion, Plus Size Fashion Summer 2017, Plus Sizewomen'S Fashion Clothing, Russian Fashion Freaks, Secondlife Black Fashion, Street Wear Fashion Brands, Teen Vogue Non Binary Fashion, The Outsiders Tv Show Fashion, Tn, When To Use Fashion Tape, Womens Fashion With Green Sandles

Continue Reading

Previous Makeup and Beauty Blog Monday Poll, Vol. 731
Next Flirt Cosmetics on Which Brow Trend Will Last Forever

More Stories

  • Cosmetics

Breast Lift, Reduction or Enlargement Cosmetic Surgery to Correct Sagging?

Diana L. Skinner November 22, 2023 0
  • Cosmetics

Makeup – A Woman’s Bane or Boon?

Diana L. Skinner November 16, 2023 0
  • Cosmetics

Advantages of Organic and Natural Beauty Products

Diana L. Skinner November 10, 2023 0
November 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930  
« Oct    

Archives

  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • April 2021
  • November 2018
  • October 2018
  • January 2017

Recent Posts

  • Body Modification – Body Piercing
  • Buying Designer Watches for Women
  • Do You Know What’s in Your Clothes Closet – A Mature Woman’s Guide to a Wearable Wardrobe
  • Create a Fashion Statement With Eco Friendly Clothes
  • Mercerized Cotton – A Better Buy For Smart Shoppers

BL

Tags

A Deeper Fashion Amaxon Fashion Iphone Cases Black Fashion Model Clipart Free Cute Boys Fashion Jackets Deha Italian Fashion Digital Fashion Design Online Free Double Jean Jacket Street Fashion Fashion Couture Accounting Fashion Handbags And Purses Fashion Industry Executives Fashion Inspires Woman Top Fashion Magazine Cover 2004 Pinterest Fashion Moduel Steam Class Fashion Petiite Girl Tumblr Fashion Ponte Legging How Style Fashion Rock Autism Fashion Rule You Never Break Fashion Runway Women Nsfw Fashion Sales Consultant Job Description Fashion Sense Gatech Fashion Shoot With Lola Caprice Fashion Show Target Audience Fashion Streetwear Italia Fashion Sun Glasses Manufacturer Fashion Trade Shows Ohio Fashion Warehouse Providence Ri For Me What Is Fashion Frauenzimmer And Fashion Free Fashion Solitaire 2 Hot Fashion Babe Suck Loading Singer Fashion Mate Louie Rose Fashion New Fashion Blazer Design Nigerian Ankara Fashion Nyc Fashion Trade Shows 2017 Pink Oval Fashion Glasses Portrait Fur Fashion Post Fashion Week Party Runway Fashion Formal Menswear The Oc Telvision Show Fashion The Point Of Vetements Fashion This' Year Fashion Top Fashion Katie Using Real Fur In Fashion Valeria Lukyanova Fashion Show

getlinko

Related Article

  • Jewelry

Body Modification – Body Piercing

Diana L. Skinner November 29, 2023 0
  • Fashion

Buying Designer Watches for Women

Diana L. Skinner November 27, 2023 0
  • Fashion

Do You Know What’s in Your Clothes Closet – A Mature Woman’s Guide to a Wearable Wardrobe

Diana L. Skinner November 26, 2023 0
  • Shopping

Create a Fashion Statement With Eco Friendly Clothes

Diana L. Skinner November 25, 2023 0
  • Shopping

Mercerized Cotton – A Better Buy For Smart Shoppers

Diana L. Skinner November 24, 2023 0
newfashionmogul.com | CoverNews by AF themes.

WhatsApp us