Domenica, 04 Dicembre, 2016

Ulta Shares Jump 5% As Earnings And Forecast Beat Expectations

Carmela Zoppi | 02 Dicembre, 2016, 12:34

Analysts expected EPS of $1.37. In the company's latest quarter, sales at stores open at least 14 months climbed 16.7%, helped by a 59% surge in online sales. The company, which offers a range of products across price points, from $200 hair tools and prestige brands like LancĂ´me to bargain brands such as Maybelline, has been expanding its store base as others are shutting stores and reporting sliding sales. The consensus estimate is for EPS of $2.05. Analysts are looking for EPS of $2.05 and revenues of $1.51 billion.

Comparable sales surged 16.7% from a year ago, beating guidance for 14-15% and up from a 12.8% growth rate in the third quarter of 2015. For the fourth-quarter, Ulta said it expects earnings of $2.08 to $2.13 a share on revenue of $1.52 billion to $1.54 billion. And earnings per share are anticipated to grow in the high twenties percentage range, compared with previous guidance for mid-twenties percent growth. "Our associates continue to execute against our growth strategies, resulting in success across several areas: new brand acquisition, increased Ulta Beauty brand awareness, rapid growth in our loyalty program, improving supply chain performance, and robust e-commerce growth". The company ended the quarter with $243.1 million in cash and short-term investments.

Including everything for the October period, Ulta posted a profit of $87.6 million, or $1.40 a share, up from $71.1 million, or $1.11 a share, year over year, that is more than the $1.35 to $1.38 range the company itself had forecasted.

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