Ulta Salon Cosmetics & Fragrance Earnings: Here’s Why the Stock is Rising Now
Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 13.9%.
Ulta Salon, Cosmetics & Fragrance, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 18.64% to $0.70 in the quarter versus EPS of $0.59 in the year-earlier quarter.
Revenue: Rose 24.77% to $601 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Ulta Salon, Cosmetics & Fragrance, Inc. reported adjusted EPS income of $0.70 per share. By that measure, the company missed the mean analyst estimate of $0.76. It missed the average revenue estimate of $618.46 million.
Quoting Management: “The Ulta Beauty team delivered a very strong quarter while moving our growth strategy forward,” stated Mary Dillon, Chief Executive Officer. “Ulta Beauty added several new brands to its stores; we further expanded the number of Clinique and Lancôme boutiques; we drove rapid growth in our e-commerce business; and we achieved record membership in our loyalty program. I am incredibly excited about the future potential of Ulta Beauty, and I look forward to working with the team to build on the solid foundation they have built.”
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