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Beauty Industry

Ulta Posts Gains in Quarter

Boost comes from new doors.

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By: Jamie Matusow

Editor-in-Chief

Driven by gains due to new store openings, Ulta Salon, Cosmetics & Fragrance Inc. reported second second-quarter earnings rose 55.9% to $5.8 million.Quarterly net sales gained 9.8% to $273.5 million, but comparable-store sales dipped 1.7%, compared with an increase of 3.7 percent in the year-ago period.

For the first half, net income rose more than 30% to $10.7 million. Salesincreased 11% to $542.4 million. However, same-store sales for the first six months decreased 2 percent, compared with an increase of 3.8 percent in the year-earlier period.

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