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Ulta profit skyrockets 178%

This article was originally published in The Rose Sheet

Executive Summary

In its fiscal first quarter ended May 1, specialty retailer Ulta posted earnings of $13.7 mil., up 177.7% from the same period last year due to a mix of market share growth, "dynamic" marketing for products and improved business operations, the Bolingbrook, Ill.-based firm announces June 3. Sales increased 19.1% to $320.2 mil. for the quarter. In its second fiscal quarter, Ulta will expand its prestige beauty offerings, introducing Philosophy skin-care, for example. Net sales for the period are expected to be in the range of $311 mil. to $317 mil., compared with net sales of $273.5 mil. in the second quarter of fiscal 2009
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