Ulta Beauty has reported financial results for the third quarter and nine-month periods ended October 31.

During the quarter, net sales increased 22.1% to $910.7 million. Comparable sales increased 12.8% compared to an increase of 9.5%. The 12.8% comparable sales increase was driven by 10.6% growth in transactions and 2.2% growth in average ticket. Retail comparable sales increased 10.9%, including salon comparable sales growth, which also increased 10.9%.

Salon sales increased 20.0% to $51.7 million from $43.1 million. E-commerce sales grew 56.3% to $46.2 million from $29.6 million, representing 190 basis points of the total company comparable sales increase of 12.8%.

Operating income increased 17.7% to $110.8 million, or 12.2% of net sales, compared to $94.1 million, or 12.6% of net sales.

Net income increased 20.2% to $71.1 million compared to $59.1 million.

During the third quarter, Ulta Beauty opened 45 stores.

For the first nine months, net sales increased 21.1% to $2.65 billion. Comparable sales increased 11.4% compared to an increase of 9.3. The 11.4% comparable sales increase was driven by 8.3% growth in transactions and 3.1% growth in average ticket.

Retail comparable sales increased 9.9%, including salon comparable sales growth of 10.4%. Salon sales increased 20.1% to $154.7 million from $128.8 million. E-commerce comparable sales grew 50.2% to $126.3 million from $84.1 million, representing 150 basis points of the total company comparable sales increase of 11.4%.

Operating income increased 23.4% to $336.8 million, or 12.7% of net sales, compared to $272.9 million, or 12.4% of net sales.

Net income increased 24.9% to $212.2 million compared to $169.9 million.