Ulta Beauty has reported another increase in its net sales for the 13-week period ended April 29, 2023, rising 12.3 percent to 2.6 billion dollars, compared to 2.3 billion dollars in the same period last year. The retailer said the results came due to an increase in comparable sales, which rose 9.3 percent, a strong new store performance and growth in other revenue. Ulta's gross profit, meanwhile, increased 12.1 percent to 1.1 billion dollars, up from 941 million dollars. As a percentage of net sales, its gross profit decreased to 40 percent, from 40.1 percent due to lower merchandise margins and higher supply chain costs. Its selling, general and administrative expenses increased 22.2 percent to 612.1 million dollars, while its operating income increased 1 percent to 442.1 million dollars, or 16.8 percent of net sales. Its net income also rose 4.7 percent to 347.1 million dollars, compared to its previous 331.4 million dollars.