Ulta Salon (NASDAQ: ULTA) reported Q1 EPS of $2.70, $0.21 better than the analyst estimate of $2.49. Revenue for the quarter came in at $1.54 billion versus the consensus estimate of $1.52 billion.

Comparable Sales Increased 8.1%.

For the second quarter of fiscal 2018, the Company expects net sales in the range of $1,475 million to $1,488 million, versus the consensus of $1.49 billion. Earnings per diluted share for the second quarter of fiscal 2018 is estimated to be in the range of $2.35 to $2.40, versus the consensus of $2.49.

The Company is raising its previously announced 2018 guidance for earnings per share. For fiscal 2018, the Company plans to:

• increase total sales in the low teens percentage range;
• achieve comparable sales growth of approximately 6% to 8%, including the impact of e-commerce;
• grow e-commerce sales in the 40% range;
• open approximately 100 new stores and execute 15 remodel or relocation projects;
• deleverage operating profit margin rate in the range of 50 to 70 basis points;
• deliver GAAP earnings per share growth in the low twenties percentage range, compared to previous guidance of approximately 20%, including the impact of approximately $500 million in share repurchases and assuming a 24% effective tax rate; and
• incur capital expenditures of $375 million in fiscal 2018, compared to fiscal 2017 capital expenditures of $441 million.

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