(Ulta Beauty) Ulta Beauty, Inc. announced a net income of $250.9 million in the second quarter of the 2021 fiscal year, up from $8.1 million in the corresponding period last year.
For the first half of the year, the net income rose to $481.2 million from a net loss of $70.5 million in the same half of the 2020 fiscal year.
The company recorded a jump in revenue to $2.0 billion in the second quarter, from $1.2 billion in the same period of last 2020.
Ulta Beauty’s net sales for the first six months jumped 62.7% to $3.9 billion, from $2.4 billion in the same period of last year.
The beauty chain repurchased shares worth $243.5 million during the quarter and a total of $635.8 million worth of shares in the first six months of the year.
Ulta Beauty upgraded its guidance to net revenue of between $8.1 billion and $8.3 billion for the full 2021 fiscal year results.
ULTA: NASDAQ is up +2.21%.
