Ulta Salon (ULTA) Tops Q4 EPS by 2c, Provides Outlook

Ulta Salon (NASDAQ: ULTA) reported Q4 EPS of $1.09, $0.02 better than the analyst estimate of $1.07. Revenue for the quarter came in at $868.1 million versus the consensus estimate of $856.38 million. Comp sales increased 9.2%.

Outlook

For fiscal 2014, the Company plans to:

achieve comparable sales growth of approximately 4% to 6%, including the impact of the e-commerce business;
expand square footage by 15% with the opening of 100 net new stores;
increase total sales in the mid-teens percentage range;
remodel 12 locations;
deliver earnings per share growth in the mid-teens percentage range, including incremental investments representing approximately $0.10 of earnings per share to fund brand awareness and guest experience initiatives, and excluding any potential accretion from share repurchases;
incur capital expenditures of approximately $265 million in fiscal 2014, compared to $226 million in fiscal 2013; and
generate free cash flow in excess of $100 million.

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

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