Company News, Financial News

Year of Growth at Ulta

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By: TOM BRANNA

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Ulta’s sales for the year ended Jan. 28, 2012, increased 22.1% to $1.8 billion. Comparable store sales (sales for stores open at least 14 months) increased 10.9%, while operating income increased 65.0% to $196.2 million. Net income increased 69.3% to $120.3 million. For fiscal 2012, the company plans to achieve comparable store sales growth at or slightly above the high end of its long-term goal of 3-5%. In other news, Gregg R. Bodnar, the CFO and assistant secretary, is stepping down for...

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