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Ulta Salon Posts Better-Than-Expected Q2 Results

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Higher revenue and growth in same-store-sales helped beauty products retailer, Ulta Salon Cosmetics & Fragrance Inc. (NASDAQ: ULTA) to clock 28% increase in fiscal second quarter profit. Shares rallied in aftermarket hours on Thursday as the company handed better-than-expected results.

For the latest period, the Bolingbrook Il., based company posted a net income of $44.9 million or 70 cents a share up from a profit of $35 million or 54 cents a share, in the year-earlier quarter.

Sales for the quarter jumped 24.8% to $601 million from $481.7 million, in the same period of last year. Same-store-sales, a key gauge on a retailer chain’s performance, rose 8.4%, which comfortably exceeded the company’s own guidance of 4% to 6% growth.

Analysts’ consensus estimate was for earnings of 67 cents a share on revenue of $588.37 million.

For the current quarter, Ulta Salon anticipates earnings of 71 cents to 74 cents a share, on revenue range of $613 million to $623 million. Analysts were anticipating EPS of 76 cents on revenue of $618.70 million.

For the fiscal 2013, the company maintained its previously announced earnings outlook, which is expected to come at the lower end of the company’s long-term target of EPS growth of 25% to 30%.

Ulta Salon, which focuses on perfume, skin, hair care  and some other beauty products, has been consistently posting double digit revenue and EPS growth for many years now due to improving same-store-sales and opening of new stores.

 








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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.

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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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