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May 1, 2018
By: TOM BRANNA
Editor
Ulta Beauty, Inc. reported financial results for the fourth quarter and full year of fiscal 2017 ended Feb. 3, 2018. For the quarter, net sales increased 22.6% to $1.9 billion while operating income rose 13.5% to $254.4 million. For the full year of fiscal 2017, net sales jumped 21.2% to $5.9 billion. Operating income increased 19.9% to $785.3 million. “The Ulta Beauty team delivered excellent results in 2017, achieving 11% comparable sales growth and 25% adjusted earnings growth,” said Ulta’s chief executive officer Mary Dillon. The beauty retailer is implementing a cost optimization program to deliver benefits in the areas of indirect procurement, end-to-end operational efficiency, real estate costs, and merchandise margin improvement. “Looking ahead to 2018, we are deploying a portion of the tax reform benefits to invest in our people and accelerate investments to drive growth and innovation,” said Dillon.
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