3 Retail Stocks Buzzing Among Traders Following Earnings Reports

Ulta Salon Cosmetics & Fragrance Inc. (NASDAQ:ULTA) reported net income above Wall Street’s expectations for the fourth quarter. Net income for Ulta Salon Cosmetics & Fragrance Inc. rose to $46.3 million (73 cents per share) vs. $30.1 million (49 cents per share) in the same quarter a year earlier. This marks a rise of 53.8% from the year-earlier quarter. Revenue rose 23% to $582.5 million from the year-earlier quarter. Ulta Salon Cosmetics & Fragrance Inc. beat the mean analyst estimate of 68 cents per share. Analysts were expecting revenue of $579 million.

Chuck Rubin, President and Chief Executive Officer of Ulta stated: “Our positive momentum continued in the fourth quarter and concluded another outstanding year of growth at Ulta Beauty. We grew market share across all major categories in the fourth quarter and fiscal year, demonstrating the ongoing strength of our store experience, our superior customer service and the excitement we bring our guests in new products, brands, services, in-store events and only at Ulta exclusives.”

Competitors to Watch: Sally Beauty Hldgs., Inc. (NYSE:SBH), Perfumania Holdings, Inc. (NASDAQ:PERF), Avon Products, Inc. (NYSE:AVP), Alberto-Culver Company (NYSE:ACV), Revlon, Inc. (NYSE:REV), Elizabeth Arden, Inc. (NASDAQ:RDEN), Inter Parfums, Inc. (NASDAQ:IPAR), Nu Skin Enterprises, Inc. (NYSE:NUS), The Procter & Gamble Co. (NYSE:PG), Parlux Fragrances, Inc. (NASDAQ:PARL), Physicians Formula Hldgs., Inc. (NASDAQ:FACE), Estee Lauder (NYSE:EL) and Johnson & Johnson (NYSE:JNJ).

Quiksilver Inc. (NYSE:ZQK) reported its results for the first quarter. Loss widened to $22.6 million (14 cents per diluted share) from $16.3 million (loss of 10 cents per share) in the same quarter a year earlier. Revenue rose 5.4% to $449.6 million from the year-earlier quarter. Quiksilver Inc. reported an adjusted net loss of 13 cents per share. By that measure, the company fell short of the mean analyst estimate of a loss of 10 cents per share. It beat the average revenue estimate of $437.4 million.

Robert B. McKnight, Jr., Chairman of the Board, Chief Executive Officer and President of Quiksilver, Inc., commented, “We’re very pleased with our solid first quarter results. Our top line growth was driven by continued strong retail performance with positive comparable store sales in all three regions. We’ve known for some time that the first half of fiscal 2012 would present some challenges to our business given the higher sourcing costs we began to encounter in the second half of 2011. But despite these pressures, demand for our products remains strong in both established and emerging markets.”

Zumiez Inc. (NASDAQ:ZUMZ) reported its results for the fourth quarter. Net income for Zumiez Inc. rose to $18.7 million (60 cents per share) vs. $15 million (49 cents per share) in the same quarter a year earlier. This marks a rise of 24.9% from the year-earlier quarter. Revenue rose 17.7% to $183.9 million from the year-earlier quarter.

Competitors to Watch: Pacific Sunwear of California, Inc. (NASDAQ:PSUN), Aeropostale, Inc. (NYSE:ARO), American Eagle Outfitters (NYSE:AEO), Abercrombie & Fitch Co. (NYSE:ANF), Urban Outfitters, Inc. (NASDAQ:URBN), The Buckle, Inc. (NYSE:BKE), The Wet Seal, Inc. (NASDAQ:WTSLA), Hot Topic, Inc. (NASDAQ:HOTT), Jos. A. Bank Clothiers, Inc. (NASDAQ:JOSB), and The Men’s Wearhouse, Inc. (NYSE:MW).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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