- American cosmetics retailer Ulta Beauty, Inc. reported net sales of $1.74 billion for the first quarter of 2019 on Thursday, up from $1.54 billion in the prior-year period, and also announced that it will be kicking off its international expansion in Canada.
- The company’s improved sales reflected a 12% year-over-year increase, while comparable sales rose 7%, accounted for by 4.3% transaction growth and 2.7% growth in average ticket.
- Ulta is also in the process of expanding its domestic retail footprint, opening 22 stores during the first quarter to end the three-month period with 1,196 locations.
- Looking forward, the company expects to see an increase in the low double-digits percentage range in annual sales and comparable sales growth of approximately 6% to 7%.
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