Ulta Salon (ULTA) Tops Q4 EPS by 11c

Ulta Salon (NASDAQ: ULTA) reported Q4 EPS of $2.24, $0.11 better than the analyst estimate of $2.13. Revenue for the quarter came in at $1.58 billion versus the consensus estimate of $1.54 billion.

Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 16.6% compared to an increase of 12.5% in the fourth quarter of fiscal 2015. The 16.6% comparable sales increase was driven by 10.9% growth in transactions and 5.7% growth in average ticket;

For the first quarter of fiscal 2017, the Company currently expects net sales in the range of $1,244 million to $1,265 million (*** cons is $1.27B), compared to actual net sales of $1,073.7 million in the first quarter of fiscal 2016. Comparable sales for the first quarter of 2017, including e-commerce sales, are expected to increase 9% to 11%. The Company reported a comparable sales increase of 15.2% in the first quarter of 2016.

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

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