Ulta Salon Cosmetics & Fragrance Earnings: Investors LOVE These Numbers

Ulta Salon Cosmetics & Fragrance Inc. (NASDAQ:ULTA) reported higher profit for the second quarter as revenue showed growth. Ulta Salon, Cosmetics & Fragrances is a beauty retailer that provides one-stop shopping for salon products and salon services in the United States.

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Ulta Salon Cosmetics & Fragrance Inc. Earnings Cheat Sheet

Results: Net income for Ulta Salon Cosmetics & Fragrance Inc. rose to $35 million (54 cents per share) vs. $23.9 million (38 cents per share) in the same quarter a year earlier. This marks a rise of 46.4% from the year-earlier quarter.

Revenue: Rose 22.1% to $481.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Ulta Salon Cosmetics & Fragrance Inc. beat the mean analyst estimate of 53 cents per share. Analysts were expecting revenue of $473.9 million.

Key Stats:

The company has seen double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 22.5%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 23% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 49.7% and in the fourth quarter of the last fiscal year, the figure rose 53.8%.

The company has now surpassed analyst estimates for four quarters in a row. It beat the mark by 5 cents in the first quarter, by 4 cents in the fourth quarter of the last fiscal year, and by 6 cents in the third quarter of the last fiscal year.

Looking Forward: Analysts appear increasingly optimistic about the company’s results for the next quarter. The average estimate for the third quarter has moved up from 47 cents a share to 48 cents over the last thirty days. The average estimate for the fiscal year is $2.50 per share, a rise from $2.33 ninety days ago.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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