Ulta Salon, Cosmetics & Fragrance, Inc. ULTA, today announced financial results for the third quarter:
- Net sales increased 19.4% to $339.2 million from $284.0 million in the third quarter of fiscal 2009;
- Comparable store sales (sales for stores open at least 14 months) increased 12.2% compared to an increase of 1.5% in the third quarter of fiscal 2009;
- Gross profit increased 280 basis points to 35.1% from 32.3% in the third quarter fiscal 2009;
- Operating income increased 65.4% to $24.3 million, or 7.2% of net sales, compared to $14.7 million, or 5.2% of net sales, in the third quarter of fiscal 2009;
- Net income increased 67.9% to $14.2 million compared to $8.5 million in the third quarter of fiscal 2009; excluding the non-recurring compensation charge, net income increased 78%;
- Income per diluted share increased to $0.23, including $0.02 per diluted share related to the non-recurring compensation charge. Income per diluted share was $0.25, excluding the non-recurring compensation charge. This compares to $0.14 in the third quarter of fiscal 2009.
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