Ulta Salon (NASDAQ: ULTA) reported Q1 EPS of ($1.39), may not compare to the analyst estimate of $0.68. Revenue for the quarter came in at $1.17 billion versus the consensus estimate of $1.25 billion.

• Comparable Sales decreased (35.3%)

Fiscal 2020 Outlook

Given the uncertainty related to the COVID-19 pandemic, the Company withdrew its guidance for fiscal 2020 on March 17, 2020 and is not providing an earnings outlook at this time. However, the Company is providing some updated assumptions for fiscal 2020:

• Given the current environment, the Company has reduced its new store opening and relocation plans. The Company now expects to open between 30 and 40 new stores and execute approximately three relocation projects. The Company will continue to evaluate these plans based on demand and location economics, including committed costs incurred; and
• The Company has reduced its capital expenditure plan for fiscal 2020, and currently anticipates capital expenditures will be between $200 and $210 million.

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