Beat on Q4 EPS of $1.69 ($1.54 Consensus); upside guidance for Q1 EPS of $1.25-1.30 ($1.21 Consensus); announces $200 mln accelerated share repurchase.
Ulta Salon beats by $0.15, beats on revs; guides Q1 above consensus; FY17 comps above :
- Reports Q4 (Jan) earnings of $1.69 per share, $0.15 better than the Capital IQ Consensus of $1.54; revenues rose 21.1% year/year to $1.27 bln vs the $1.24 bln Capital IQ Consensus.
- Comps +12.5% vs. ests near +9.5%
- Co issues upside guidance for Q1, sees EPS of $1.25-1.30 vs. $1.22 Capital IQ Consensus Estimate; sees Q1 revs of $1.016-1.033 bln vs. $1.01 bln Capital IQ Consensus Estimate. Comparable sales for the first quarter of 2016, including e-commerce sales, are expected to increase 9% to 11%. The Company reported a comparable sales increase of 11.4% in the first quarter of 2015.
- Co sees FY17 comps +8-10% vs ests near +8%; increase total sales in the mid to high teens percentage range vs. +15% consensus; grow e-commerce sales in the 40% range; expand square footage by ~11% with the opening of 100 net new stores.
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