Ulta Beauty on Thursday reported a stellar fourth quarter that shows why many consider it one of the hottest retailers in the United States.
The beauty products retailer also said it would open approximately 100 net new stores in 2017, and remodel 13 locations.
Ulta Beauty’s net income for the quarter, ended Jan. 30, surged 30% to a better-than-expected $140.2 million, from $107.8 million in the year-ago period.
Net sales jumped 24.6% to $1.6 billion, also better than expected.
