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Ulta Shows Strength in Q1 2012

Posted: June 6, 2012

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During the quarter, the company opened 18 new stores, ended the first quarter of 2012 with 467 stores and square footage of 4,949,854, which represents a 19% increase in square footage compared to the first quarter of fiscal 2011.

For the second quarter of fiscal 2012, Ulta currently expects net sales in the range of $466--473 million, compared to actual net sales of $394.6 million in the second quarter of fiscal 2011. This assumes comparable stores sales increase 6% to 8%, compared to an 11.3% increase last year, which would result in a two-year comparable store sales increase of 17.3% to 19.3%.