Ulta Beauty Posts Strong Sales And Revenue Gains In 1Q Of FY 2016

Cosmetics retailer Ulta Beauty said total sales increased 23.7 percent to $1.073 billion in the first quarter of fiscal year 2016, compared with the same quarter of the previous year. Comparable sales jumped 15.2 percent, driven by 11.0 percent growth in customer traffic and 4.2 percent in average price. Salon sales grew 14.7 percent to $58.9 million, compared with $51.3 million in the first quarter of FY 2015. E-commerce sales grew 38.8 percent to $61.0 million, accounting for 130 basis points of the total comparable sales increase of 15.2 percent during the period.