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Ulta lifts guidance as sales continue to climb

Ulta Salon Cosmetics & Fragrance Inc. logged its seventh straight quarter of double-digit sales growth as the company continues to buck the broader trend of falling sales and foot traffic across many American retailers.

The Bolingbrook, Ill., chain lifted its view for the year, signaling it would continue to reap the benefits of e-commerce investments and demand for its wide array of beauty products and services.

Still, shares declined 2% in after-hours trading Thursday as investors locked in some of the stock's 77% gain over the past 12 months.

Ulta stores, mostly found in strip malls, have stood out in a struggling retail sector, which has hurt by shoppers' increasing tendency...