For the quarter, net sales increased 21% to $2.3 billion, comp sales increased 18%, operating profit increased to 18.7% of sales and diluted EPS increased 54% to $6.30 per share.
Fiscal 2022 is off to an outstanding start with the Ulta Beauty team delivering another quarter of excellent performance on top of last year's record results. Actual future results may differ materially from those projected in such statements due to a number of risks and uncertainties, all of which are described in the company's filings with the SEC. The statements contained in this conference call, which are not historical facts, may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Before we begin, I'd like to remind you of the company's safe harbor language. This afternoon, we announced our financial results for the first quarter.Ī copy of the press release is available in the investor relations section of our website. Hosting our call are Dave Kimbell, chief executive officer, and Scott Settersten, chief financial officer, Kecia Steelman, chief operating officer, will join us for the Q&A session. Good afternoon, everyone, and thank you for joining us today for our discussion of Ulta Beauty financial and operational results for the first quarter of fiscal '22.