Ulta Beauty net profit up 28% in 2016

Ulta announced that MAC Cosmetics is to roll out to its stores this spring

US-based Ulta Beauty posted net profit of $409.8m for fiscal 2016, an increase of 28%.

Net sales grew 23.7% to $4.85bn. Comparable sales were up 15.8%, driven by 5.1% growth in average ticket and 10.7% growth in transactions. E-commerce comparable...

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