Shares of Ulta Salon, Cosmetics & Fragrance (ULTA) climbed about 5% Friday after the company beat earnings per share and revenue expectations.
Comp-store sales results were up 17% year over year, while sales climbed 24%, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment.
Online sales were phenomenal, too, he said, climbing almost 60%. There were so many positives in the quarter, Cramer added, pointing out that transaction growth and average ticket gains were both impressive.
If there's one retailer that can keep pace despite Amazon (AMZN) , this is it. It helps having strong management, Cramer said, calling CEO Mary Dillon "fabulous."
The company's holiday sales are going really well and Ulta still has plenty of room to run when it comes to opening new stores. This is a secular growth story that continues to play out, Cramer concluded.
