E-commerce sales skyrocket at Ulta Salon

|About: Ulta Beauty, Inc. (ULTA)|By:, SA News Editor

Ulta Salon (NASDAQ:ULTA) is up over 5% in AH trading after posting another strong quarter of growth.

Revenue was up 24%. Comparable sales dazzled with a 17% gain, comprised of 11% transaction growth and a 6% gain in average ticket.

E-commerce sales exploded 59% to $74M.

Gross profit jumped 90 bps to 37.8% of sales due to the extra volume.

Operating income rose 20 bps to 12.4% of sales.

Average inventory per store increased 16.5% Y/Y.

Previously: Ulta Salon beats by $0.03, beats on revenue (Dec. 1)