Ulta Salon, Cosmetics & Fragrance, Inc. has seen a significant jump in sales, standing up to competing drug stores that are usually the more convenient choice.
In their First Quarter sales, which ended May 3rd, 2015, the company saw a jump in sales by 21.6 percent, from $713.8 million last year to $868.1 million this year.
Its comparable sales to their competing stores on the e-commerce market rose 11.4 percent, compared to last year’s 8.7 percent. The retail comparable sales also saw a significant jump with a 9.7 percent increase.
The biggest growth, however, that the company has seen in all is their salon sector. Their salon earned a total of $51.3 million, making it a 20.5 percent raise from the $42.6 million of last year’s sales. Including the 10.3 percent increase in salon comparable sales, the Ulta Salon has really stepped up their game.
There has also been a rise in the company’s stocks. With a total of 1.21 million shared stocks with prices as high as about $160 per share, the market alone earned the company $9.91 million.
With this being just their First Quarter, this seems to be a promising year for the beauty company.
Author by Priscilla Manzo