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Net sales rise 19.1% to $320.2 million.
June 7, 2010
By: TOM BRANNA
Editor
Ulta Salon, Cosmetics & Fragrance, Inc. posted favorable financial results for the first quarter ended May 1, 2010. Net sales increased 19.1% to $320.2 million; while comparable store sales (sales for stores open at least 14 months) increased 10.8%, according to the company. Operating income increased 160.6% to $23.3 million; while net income increased 177.7% to $13.7 million. Chief executive officer Lyn Kirby stated, “We are very pleased to report an excellent start to fiscal 20...
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