Company News, Financial News

Q1 Sales Jump at Ulta Beauty

Net sales increased 12.9% to $1.7 billion.

Ulta Beauty, Inc. reported that for the first quarter, sales increased 12.9% to $1.7 billion. Operating income increased 13.2% to $237.5 million. Twenty-two new stores were opened up across the United States, and the company plans to open approximately 80 more by the end of 2019. CEO Mary Dillon had a very positive outlook regarding the performance and future of the company. “These results reflect a healthy balance of traffic and ticket growth, and double-digit comparable sales growth i...

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