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Ulta Reports Profitable Quarter

Second quarter earnings jump 67%

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By: TOM BRANNA

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Specialty retailer Ulta Salon, Cosmetics & Fragrance Inc. has issued a third-quarter forecast and reiterated its full-year outlook after reporting its fiscal second-quarter earnings rose by 67%. The seller of beauty care products said it expects to earn 8-10 cents a share in its fiscal third quarter. Ulta Salon put third-quarter sales at $259-$263 million. It sees same-store sales, or sales at stores open at least 14 months, growing 3-5%. The company said it plans to open about 21 stores du...

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