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Prestige Beauty Sales Up at Ulta

Ulta Salon, Cosmetics & Fragrance, Inc. announced favorable financial results for its third quarter.

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By: Jamie Matusow

Editor-in-Chief


Ulta Salon, Cosmetics & Fragrance, Inc. announced financial results for its third quarter. Net sales increased 25.4% to $208.2 million; operating income increased 13.2% to $8 million, while net income rose 16.3% to $4.2 million.

According to the company, a 6.7% comparable sales increase and 49 new stores that opened since the third quarter last year drove the boost in net sales. The comparable store sales increase reflected solid gains in customer traffic and the continued strength of the Prestige category. Ulta also re-launched its e-commerce site in November 2007.

For the full year fiscal 2007, the company estimates net sales in the range of $907 million to $913 million, compared to actual fiscal 2006 net sales of $755.1 million.

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