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Ulta Salon Earning Rose 28%

Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA) announced stronger than expected earning yesterday. Stock surge up since yesterday and continue to go up over 17% which break 52 week high. Because of rising same-store sales and new store openings drive the earning up.

Revenue grew 25% to $601 million. Internet sales also rose 8.4% more than the estimate of 4 - 6%. Ulta Beauty added more new brands to its store and will expanded the Lancome and Clinique boutiques. I guess the idea of combine beauty products such as hair care product and cosmatic with full service salon is working out for Ulta.