While executives tried to put a damper on the excitement heading into the second quarter, Ulta Beauty blew away analysts’ expectations for the first quarter ended May 5. Year-over-year net sales grew by 17.4% to more than $1.5 billion.
Same store sales grew by a healthy 8.1%, but there are signs that Ulta’s successful run is catching up with it at the store level. That 8.1% comp growth rate is the lowest Ulta has posted in more than two years. One answer to that challenge? More stores. Projections for fiscal 2018 include 100+ new store openings for the fourth consecutive year, according to Chain Store Guide’s Drug Stores & HBC Chains Database.
October 31, 2019
Personnel Updates • Diplomat Pharmacy (20) has named David Skomo COO of CastiaRx, a division of Diplomat, following the retirementhttps://www.chainstoreguide.com.
September 27, 2019
Personnel Updates • Bluemercury Inc. (29) announced that Marla and Barry Beck, its founders, will transition from the company. • CVS Healthhttps://www.chainstoreguide.com.
August 30, 2019
Personnel Updates • AmerisourceBergen Corporation (31) has named Leslie Donato as Exec VP and Chief Strategy Officer. • CVS Healthhttps://www.chainstoreguide.com.
