Ulta Beauty has reported a double-digit sales boom in Q3 2025 as the US retail giant benefits from its acquisition of British chain Space NK.
Net sales increased 12.9% to US$2.9bn, compared with $2.5bn, driven by comparable sales growth, the Space NK deal and net new store contribution.
Gross profit increased 14.9% to $1.2bn, compared with $1bn, while operating income was $309.4m – which accounted for an estimated 10.8% of net sales.
Ulta Beauty acquired UK high street beauty chain Space NK in July this year after it struck a deal with Manzanita Capital, the business’ former owner.
Sources close to Ulta Beauty placed the cost of the acquisition to be more than £300m.
“Our third quarter results exceeded our expectations, reflecting the steady progress and momentum our team is building as we execute our Ulta Beauty ‘Unleashed Strategy’,” said Kecia Steelman, Ulta Beauty President and CEO.
“Exciting assortment newness, improved in-store and digital experiences, and bold marketing efforts are resonating with our guests, and drove strong sales results, market share gains, and growth across all categories and channels, with notable strength in ecommerce.”
Ulta Beauty also opened 28 new stores, remodelled 15 stores, and closed one store.
This also saw the beauty retailer expand its global footprint with the opening of its first-ever store in the Middle East.
Located at The Avenues in Kuwait, the 15,000sqft space stocks more than 300 beauty and wellness brands, including international names like Sacheu and Orebella.
Steelman added: “As we look ahead to the all important holiday season, we know many consumers’ wallets are pressured, and they are seeking value.
“We are confident in our plans, and our teams are ready to make holiday happen here at Ulta Beauty, driving excitement and delivering for our guests and their loved ones, now and into the new year.”