Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 11.17%.
Ulta Salon, Cosmetics & Fragrance, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 36.99% to $1.00 in the quarter versus EPS of $0.73 in the year-earlier quarter.
Revenue: Rose 30.26% to $758.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Ulta Salon, Cosmetics & Fragrance, Inc. reported adjusted EPS income of $1.00 per share. By that measure, the company beat the mean analyst estimate of $0.98. It beat the average revenue estimate of $752.27 million.
Quoting Management: Dennis Eck, Interim Chief Executive Officer, stated, “The Ulta team achieved strong fourth quarter results to complete an exceptional year in 2012. Excellent execution of our multi-year growth strategy was evident in the milestones achieved during the year: we increased square footage by 23% with the addition of 101 net new stores, we greatly enhanced our offering with newness across the board, we implemented a new Customer Relationship Management platform, broadened our marketing reach and brand awareness, and improved our digital capabilities including rapid growth in our e-commerce business.”
Key Stats (on next page)…