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Ulta Salon (ULTA) Tops Q1 EPS by 16c; Comps Up 15.2%

May 26, 2016 4:06 PM EDT

Ulta Salon (NASDAQ: ULTA) reported Q1 EPS of $1.45, $0.16 better than the analyst estimate of $1.29. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.03 billion. Comparable Sales Increased 15.2%

“We are off to a phenomenal start to the year, delivering excellent top and bottom line growth in the first quarter,” said Mary Dillon, Chief Executive Officer. “Several positive factors are coming together to drive the momentum in our business, exemplified by the best comparable sales growth in our history as a public company. These include healthy consumer demand in the beauty category, our unique format and offering which are supporting sustained share gains, and effective collaboration across the enterprise to ensure strong execution of our growth strategies.”

Outlook

For the second quarter of fiscal 2016, the Company currently expects net sales in the range of $1,041 million to $1,058 million, compared to actual net sales of $877.0 million in the second quarter of fiscal 2015 (*** consensus is $1.03 billion) Comparable sales for the second quarter of 2016, including e-commerce sales, are expected to increase 11% to 13%. The Company reported a comparable sales increase of 10.1% in the second quarter of 2015.

Income per diluted share for the second quarter of fiscal 2016 is estimated to be in the range of $1.32 to $1.37. This compares to income per diluted share for the second quarter of fiscal 2015 of $1.15. ***Consensus is $1.40.

For earnings history and earnings-related data on Ulta Salon (ULTA) click here.



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