Ulta Salon Announces Higher Income for Q4
Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ: ULTA) reported 49 percent increase in its fourth quarter prodits. The company also reported increase in its quarterly revenue. Ulta Salon also announced that its costs were contained during the quarter.
* Ulta Salon reported its earnings at $30.1 million for the quarter.
* The company reported its EPS at 49 cents.
Ulta Salon had earned 34 cents per share or $20.2 million in income for the preceding year quarter. It also reported 20 percent increase in its revenue to $473.7 million. The company had reported $396.4 million in revenue for the corresponding quarter of the last year. The expectations for the revenue were pegged at $467.3 million. Its earnings were expected to be at 44 cents per share.
The company reported 10.4 percent higher revenue from its stores opened at least 14 months. The company closed its quarter with 389 stores. for the full fiscal year, Ulta Salon reported its net income at $71 million, up 81 percent. the company’s income for the preceding year was at $39.4 million. Ulta Salon also reported its annual revenue at $1.45 billion, up from $1.22 billion in revenue for fiscal year 1999.
Ulta Salon is a beauty retailer and provides salon products. The company is mainly operational in the United States. Ulta Salon has approximately 21,000 beauty products in its portfolio. The company also offers home products such as candles, fragrances and health products. Ulta Salon also operates full service salons in its stores. the company was formed in 1990. Ulta Salon is based out of Illinois.
The company stock is currently trading at $46.63, up 1.87 percent from its previous close. Ulta Salon stock opened at $45.68 and touched the high of $46.74. The stock’s lowest price in today’s session is $45.68. The company stock’s EPS is $1.16. The company stock has traded in the range of $20.67 and $47.55 during the past 52 weeks. The company’s market cap is $2.77 billion and its P/E ratio is 40.17.
Ulta Salon reported its total current assets at $262.774 million for the year ending Jan 30, 2010. Its total assets were worth $553.635 million for the same time period. Ulta Salon had valued its total liabilities at $261.027 million. The company had reported its revenue at $1.222 billion and its gross profit for the year at $373.049 million. Ulta Salon’ net income for the year stood at $39.356 million.
