Ulta Beauty
Q2 2022 Earnings Call
Aug 25, 2022, 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 2022. [Operator instructions] And as a reminder, this conference call is being recorded. And it is now my pleasure to introduce Ms. Kiley Rawlins, vice president of investor relations.
Thank you, Ms. Rawlins, please proceed.
Kiley Rawlins -- Vice President, Investor Relations
Thanks, John. Good afternoon, everyone, and thank you for joining us today for our discussion of Ulta Beauty's results for the second quarter of fiscal 2022. 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. This afternoon, we announced our financial results for the second quarter.
A copy of the press release is available in the Investor Relations section of our website. Before we begin, I'd like to remind you that 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 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. We caution you not to place undue reliance on these forward-looking statements, which speak only as of today, August 25, 2022.
We have no obligation to update or revise our forward-looking statements, except as required by law, and you should not expect to do so. We'll begin this afternoon with prepared remarks from Dave and Scott. Following our prepared comments, we'll open the call for questions. [Operator instructions] 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 -- President
Thank you, Kiley, and good afternoon. We appreciate your continued interest in Ulta Beauty. The Ulta Beauty team delivered outstanding performance again this quarter. For the second quarter, net sales increased 16.8% to $2.3 billion.
Operating profit increased to 17% of sales and diluted EPS increased 25% to $5.70 per share. We continue to be very pleased with the broad-based strength of our business. For the quarter, all major categories exceeded our expectations, and we increased our market share in prestige beauty versus last year based on point-of-sale data from the NPD Group. Sales in stores and digital channels also increased -- exceeded our expectations with both channels delivering solid comp growth in the quarter.