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By
Reuters
Published
Jan 5, 2012
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Ulta Beauty holiday sales up; raises Q4 outlook

By
Reuters
Published
Jan 5, 2012

Ulta Beauty posted strong holiday sales, helped by continued demand across all its categories, prompting the beauty retailer to raise its fourth-quarter outlook.

The Bolingbrook, Illinois-based company has been introducing new products and increasing promotions to attract beauty-conscious customers to its stores.

Holiday comparable store sales for the seven-week period from Nov. 13 rose 12.6 percent. Total sales in the period were up 24 percent at $386 million.

For the fourth quarter, Ulta Beauty, which sells cosmetics, fragrance, haircare and other beauty products, now expects earnings of 67 cents to 68 cents a share. It had earlier forecast 62 cents to 64 cents a share.

The company, whose rivals include Sally Beauty Holdings Inc and Regis Corp, raised its sales expectations for the quarter to $574 million to $579 million from $552 million to $562 million.

Analysts, on average, were expecting earnings of 64 cents on revenue of $563 million, according to Thomson Reuters I/B/E/S.

(Reporting by Ranjita Ganesan In Bangalore; Editing by Maju Samuel)

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