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Thursday, December 3, 2015

=Ulta Salon (ULTA) reported earnings Thur 3 Dec 2015 (a/h)

** charts before earnings **




** charts after earnings **






Ulta Salon beats by $0.06, beats on revs; guides Q4 EPS in-line, revs in-line :
  • Reports Q3 (Oct) earnings of $1.11 per share, $0.06 better than the Capital IQ Consensus of $1.05; revenues rose 22.1% year/year to $910.7 mln vs the $880.14 mln Capital IQ Consensus.
  • Comparable sales increased 12.8% compared to an increase of 9.5% in 3Q14. The 12.8% comparable sales increase was driven by 10.6% growth in transactions and 2.2% growth in average ticket.
  • Gross profit decreased 90 basis points to 36.9% from 37.8% in 3Q14primarily due to supply chain initiatives including the new Greenwood, Indiana distribution center.
  • During the third quarter, the company opened 45 stores.
  • During the third quarter, the company repurchased 288,427 shares of its stock at a cost of approximately $47.5 million. As of October 31, 2015, $238.8 mln remained available under the $400 mln share repurchase program.
  • Co issues in-line guidance for Q4, sees EPS of $1.48-$1.53 vs. $1.50 Capital IQ Consensus Estimate; sees Q4 revs of $1.212-$1.233 bln vs. $1.22 bln Capital IQ Consensus Estimate. 

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