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Ulta announces positive outlook following Q2 sales

10-Sep-2012

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Ulta Beauty announced financial results for the second quarter ended July 28, 2012, reporting becomes jumps in sales and profit compared to last year; prompting the company to announce a positive outlook for the rest of the year.

Net sales increased 22.1 percent to $481.7 million from $394.6 million in the second quarter of fiscal 2011; whilst operating profit increased 44.9 percent to $57.5 million.

Ulta president and CEO, Chuck Rubin stated “second quarter highlights include strong new store productivity and solid execution of our accelerated new store program. Our rich pipeline of new products and brands continues to drive traffic and market share gains.”

For the third quarter of fiscal 2012, the Company currently expects net sales in the range of $494 million to $503 million, compared to actual net sales of $413.1 million in the third quarter of fiscal 2011.