Looking Up at Ulta: Net Sales Rise 12.3% Ulta Salon, Cosmetics & Fragrance, Inc. posted favorable financial results for the first quarter ended May 2, 2009. Net sales increased 12.3% to $268.8 million. Operating income rose 10.8% to $9 million. “In a difficult retail environment, we continue to build our customer base and grow loyalty to the Ulta brand, as evidenced by the 2% increase in traffic and expansion in our market share,” said Lyn Kirby, Ulta’s president and chief executive...