Ulta Salon (ULTA) Tops Q3 EPS by 12c, Lifts FY EPS Guidance
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Ulta Salon (NASDAQ: ULTA) reported Q3 EPS of $2.25, $0.12 better than the analyst estimate of $2.13. Revenue for the quarter came in at $1.68 billion versus the consensus estimate of $1.69 billion.
- Comparable Sales Increased 3.2%
GUIDANCE:
Ulta Salon sees FY2019 EPS of $11.93-$12.03, versus the consensus of $11.92.
- open approximately 80 new stores, execute approximately 20 remodel or relocation projects, and complete approximately 270 store refreshes;
- increase total sales by approximately 10% (previously between 9% and 12%);
- achieve comparable sales growth in the range of 4.7% to 5.0% (previously 4% to 6%), including e-commerce growth of 20% to 30%;
- deleverage operating income margin rate in the range of 60 to 70 basis points;
- deliver diluted earnings per share in the range of $11.93 to $12.03 (previously $11.86 to $12.06), including the impact of approximately $700 million in share repurchases and assuming an effective tax rate of approximately 23%;
- incur capital expenditures between $305 million and $315 million (previously $340 million to $350 million); and
- incur depreciation and amortization expense of approximately $300 million.
For earnings history and earnings-related data on Ulta Salon (ULTA) click here.
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