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Sales Surge at Ulta in Fiscal Third Quarter

Company overcomes a weak October.

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By: TOM BRANNA

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Ulta Salon, Cosmetics & Fragrance, a beauty retailer, has reported that net income for the third quarter ended November 1, 2008 increased 19.3% to $5 million, or $0.09 per diluted share, compared to $4.2 million, or $0.05 per diluted share, in the third quarter of fiscal 2007. For the third quarter of fiscal 2008, net sales increased 22.4% to $254.8 million from $208.2 million in the third quarter of fiscal 2007. Comparable store sales increased 2%, compared to an increase of 6.7% in the...

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