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Gains Across The Board For Ulta

Q3 and nine months show a rise in sales.

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By: TOM BRANNA

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Ulta Beauty posted financial results for the third quarter and first nine months ended Oct. 27, 2012. For the Q3, net sales increased 22.4% to $505.6 million. Comparable store sales (sales for stores open at least 14 months) increased 8.4%, while operating income increased 38.6% to $61.3 million. Net income increased 42.5% to $38.2 million. Chuck Rubin, president and chief executive officer, stated, “Ulta drove better than expected sales growth and operating margin improvement to deliver outs...

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