Ulta Salon (NASDAQ: ULTA) reported Q2 EPS of $1.15, $0.03 better than the analyst estimate of $1.12. Revenue for the quarter came in at $877 million versus the consensus estimate of $869.33 million.

Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 10.1% compared to an increase of 9.6% in the second quarter of fiscal 2014.

Ulta Salon sees Q3 2015 EPS of $1.00-$1.05, versus the consensus of $1.03. Ulta Salon sees Q3 2015 revenue of $869-883 million, versus the consensus of $870 million.Comparable sales for the third quarter of 2015, including e-commerce sales, are expected to increase 8% to 10%.

• The Company is raising its previously announced fiscal 2015 guidance. The Company plans to:
• achieve comparable sales growth of approximately 8% to 10%, including the impact of the e-commerce business, compared to previous guidance of 7% to 9%;
• increase total sales in the mid to high teens percentage range;
• grow e-commerce sales in the 40% range;
• expand square footage by approximately 13% with the opening of 100 net new stores;
• remodel four locations;
• deliver earnings per share growth in the high teens, compared to previous guidance of the high end of the range of 15% to 17%. This includes planned supply chain and system investments, excluding the $0.02 non-recurring tax benefit in the fourth quarter of 2014, and assuming continued share repurchases to offset dilution; and
• incur capital expenditures in the $300 million range in fiscal 2015, compared to $249 million in fiscal 2014.

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