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ULTA stores, averaging 10,000 square feet and hosting 20,000 beauty, hair and bath products, give women a chance to compare and contrast, touch and see these products.

The stores also offer full-service salons, so you can get your hair cut and then buy the hair products or get a mani-pedi and pick up the nail polish for touch ups.

ULTA isn’t just satisfied with its 800+ brick and mortar megastores. It’s now experimenting with smaller 5,000-square-foot stores and opening in smaller markets.

Online sales are up 40% for the year.

Revenue was up better than 20% as comps gained 11.7%. That number is absolutely enormous and I'm not aware of any other retailer in any sector producing those kinds of gains.

And let's also keep in mind that this is on top of a 14.4% comp gain in last year's Q2 for a two-year stacked comp of 26%.

Ulta is going for just under 27 times this year's earnings and about 22 times next year's estimates.

The company operates 990 stores in 28 states, with 90% outside of malls, which therefore limits its exposure to declining traffic.

Management believes there is potential to grow their store base to 1,400-1,700, giving the company significant room for expansion.

Director Charles Heilbronn bought $24.97 million worth of stock during one of the company’s slumps in mid-October

Comparable store sales increased 10% last quarter.

Ulta Beauty Inc. (NASDAQ:ULTA) just released its third quarter fiscal 2017 earnings results, posting earnings of $1.70 per share and revenues of $1.34 billion.

The company saw revenues of $1.34 billion, coming in line with our consensus estimate of $1.34 billion and growing 18.6%.

Ulta estimates that Hurricanes Harvey and Irma resulted in about $14 million in lost sales.

“Support does not come in now until $250 to $260.”

“If you look at the way Ulta has pivoted from just bricks and mortar to more of an online offering, their latest annual report would suggest that’s going to continue to drive their growth”.

“So I think within the retail sector they look fantastic because beauty is very much a recession-proof commodity.”

“It’s trading at 24 times trailing valuation for price-to-earnings versus its forward PE at 9 times,” she explained.

Growth in the makeup category is growing at a softer rate.

Ulta Beauty emphasized skincare products to offset the weakness in the makeup category. However, skincare accounts for a smaller portion of the company’s business.

The seller of cosmetics, skin and hair care products and services reported second-quarter sales increased by 12% to $1.7 billion, which was in line with expectations and compared to sales of $1.5 billion in the same quarter last year.

Comparable sales, which it said includes stores open at least 14 months and e-commerce sales, increased 6.2%. That compared to an increase of 6.5% in the second quarter last year.

Net income climbed to $161.3 million or $2.76 per share compared to $148.3 million or $2.46 a year ago. Analysts were expecting EPS of $2.80.

The company reduced its outlook for the year, "to reflect the headwinds we are currently seeing in the U.S. cosmetics market," Dillon said.

The company is forecasting comparable sales growth of approximately 4% to 6%, down from previous estimates of 6% to 7%. The estimates include e-commerce growth of 20% to 30%.

EPS is expected to be in the range of $11.86 to $12.06, down from $12.83 to $13.03 previously. The company said the update includes the impact of approximately $700 million in share repurchases and assuming a 23% effective tax rate, versus 24% previously.

The company is also cutting costs. It's forecasting capital expenditures of $340 million to $350 million for the year, down from $380 million to $400 million. Depreciation and amortization expenses are expected to be approximately $300 million, down from $315 million.

Ulta said it expects to increase total sales between 9% and 12% as compared to previous forecasts of low double-digit growth. The company said it plans to open about 80 new stores, remodel or relocate 20 others and do "refreshes" of about 270 stores. The company operated 1,213 retail stores across 50 states as of Aug. 3.