E-commerce dazzles for Ulta Salon in Q1

• Ulta Salon (NASDAQ:ULTA) recorded another strong quarter of growth backed by a 50% rise in e-commerce sales.
• Comparable-store sales were up 11.4%.
• Salon sales +20.5% to $51.3M.
• Gross profit rate +40 bps to 34.5%.
• SG&A expense rate -60 bps to 22.2%.
• Previously: Ulta Salon beats by $0.11, beats on revenue
• ULTA +1.50% after hours to $158.60.