By  on June 5, 2008

Ulta Salon, Cosmetics & Fragrance Inc. continued to open more doors in the first quarter, fueling double-digit sales growth while profits dipped 19.6 percent.

Net income for the three-week period ended May 3 declined to $4.3 million, or 7 cents a diluted share, from $5.3 million, or 10 cents a share, in the year-earlier period. Net sales for the quarter gained 23.3 percent to $239.3 million compared with $194.1 million a year ago.

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