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Ulta Posts Strong Q1

Beauty retailer's net sales rise 21.6%.

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By: Christine Esposito

Editor-in-Chief

For the first quarter ended May 2, 2015, Ulta Beauty’s net sales increased 21.6% to $868.1 million from $713.8 million in the first quarter of fiscal 2014 and comparable sales increased 11.4% compared to an increase of 8.7% in the first quarter of fiscal 2014. The 11.4% same store sales increase was driven by 7.2% growth in transactions and 4.2% growth in average ticket, according to the beauty retailer, which also said  retail comparable sales increased 9.7%, including salon comparable sales g...

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