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April 30, 2012
By: TOM BRANNA
Ulta’s sales for the year ended Jan. 28, 2012, increased 22.1% to $1.8 billion. Comparable store sales (sales for stores open at least 14 months) increased 10.9%, while operating income increased 65.0% to $196.2 million. Net income increased 69.3% to $120.3 million. For fiscal 2012, the company plans to achieve comparable store sales growth at or slightly above the high end of its long-term goal of 3-5%. In other news, Gregg R. Bodnar, the CFO and assistant secretary, is stepping down for personal reasons. However, Bodnar will remain in his present position pending the appointment of his successor and will assist in the transition of his successor. He joined Ulta as CFO in September 2006.
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