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Net sales declined 32.7% due to the COVID-19 pandemic.
May 29, 2020
By: Happi Staff
Ulta Beauty Inc. has announced financial results for the first quarter ended May 2, 2020. Net sales decreased 32.7% to $1,173.2 million compared to $1,743.0 million in the first quarter of fiscal 2019 due to the impact of COVID-19. The company ended the first quarter of fiscal 2020 with $1,153.5 million in cash, cash equivalents and short-term investments. During the first quarter of fiscal 2020, Ulta opened 11 new stores. The company ended the first quarter of fiscal 2020 with 1,264 stores an...
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