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Ulta Posts Positive Q3

Net sales rise 22.1% at growing beauty retailer.

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By: TOM BRANNA

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Ulta Beauty says net sales in the third quarter increased 22.1% to $910.7 million, up from $745.7 million in the same quarter of fiscal 2014. Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 12.8% compared to an increase of 9.5% in the third quarter of fiscal 2014. The 12.8% comparable sales increase was driven by 10.6% growth in transactions and 2.2% growth in average ticket, according to the beauty retailer.   Salon sales increased 20.0% to $51.7 milli...

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