Ulta’s Profits Are On the Rise

Ulta is reporting its profits are on the rise – the company posted a market share gain for the first quarter.

According to this article in the Wall Street Journal, Ulta expects per-share profit for the year to increase at the high-end of its 15% to 17% projection with sales at established stores increasing 7% to 9% and overall sales in the mid- to high-teens, compared with its earlier view of sales at established stores increasing 6% to 8% and sales growth in the midteens percentage range.