Ulta Beauty beat Wall Street forecasts on both the top and bottom lines in its third quarter, helped by fragrance, K- beauty and international expansion.

The Bolingbrook, Ill.-based retailer reported net sales increased 12.9 percent to $2.9 billion, primarily due to increased comparable sales, the acquisition of Space NK, and net new store contribution. Wall Street had penciled in $2.71 billion.

Net income was $230.9 million, compared to $242.2 million a year earlier, while diluted earnings per share were flat at $5.14, but above analysts’ estimates for $4.61.

As a result of a better than expected third quarter, Ulta is now anticipating net sales of about $12.3 billion for full-year 2025, up from its previous range of $12 billion to $12.1 billion.

“Our third-quarter results excee

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