Among the various characteristics that investors keep watch for when hunting for growth stocks is an expanding sales base. It signals that a company is winning market share or that it has other favorable characteristics like solid customer loyalty. An expanding sales base also makes it much easier for the company to boost profitability when revenue is growing quickly.

But growth isn't the only factor to account for when searching out an excellent long-term investment. Many companies expand sales at a robust pace only to falter when a new competitive threat enters the industry. With that in mind, let's look at a few growth stocks that seem to have the right ingredients for long-term capital appreciation.

Read on for some other reasons besides growth that illustrate why Ulta Beauty (NASDAQ: ULTA) and McDonald's (NYSE: MCD) are two growth stocks to consider right now.

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Source Fool.com