Ulta Beauty
Q2 2023 Earnings Call
Aug 24, 2023, 4:30 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good afternoon and welcome to Ulta Beauty's conference call to discuss results for the second quarter of fiscal 2023. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. We ask that you please limit yourself to one question and then reenter the queue for any additional questions.
[Operator instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce Ms. Kiley Rawlins, vice president of investor relations. Ms.
Rawlins, you may proceed.
Kiley Rawlins -- Vice President, Investor Relations
Thanks, Paul. Good afternoon, everyone, and thank you for joining us for a discussion of Ulta Beauty's results for the second quarter of fiscal 2023. Hosting our call today 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.
Before we begin, I'd like to remind you of the company's safe harbor language. 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. Actual 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. We caution you not to place undue reliance on these forward-looking statements, which speak only as of today, August 24, 2023.
We have no obligation to update or revise our forward-looking statements, except as required by law, and you should not expect us to do so. We'll begin this afternoon with prepared remarks from Dave and Scott. Following our comments, we'll open up the call for questions. To allow us to accommodate as many questions as possible during the hour scheduled for this call, we respectfully ask that you limit your time to one question.
If you have additional questions, please requeue. As always, the IR team will be available for any follow-up questions after the call. Now, I'll turn the call over to Dave. Dave.
Dave Kimbell -- Chief Executive Officer
Thank you, Kiley, and good afternoon. We appreciate your interest in Ulta Beauty. The Ulta Beauty team delivered strong performance again this quarter with sales, gross profit, and SG&A expenses all better than planned. Net sales increased 10.1% to $2.5 billion, and comparable sales increased 8%.