By The Associated Press

Ulta Beauty says holiday sales up 23 percent

BOLINGBROOK – Ulta Beauty said Friday that its overall holiday sales increased 23.2 percent over the prior year as shoppers bought more high-end skincare and cosmetics. Another closely-watched retail revenue metric rose just over 7 percent.

It also reaffirmed its fiscal fourth-quarter outlook that it first announced in November, but that was at the low end of market expectations. Its shares fell 5 percent in midday trading.

The beauty products retailer formally known as Ulta Salon Cosmetics & Fragrance Inc. said that its revenue for the seven-week period that ended Dec. 29 rose to $475.6 million from $386.0 million a year earlier.

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