=Ulta Salon (ULTA) reported earnings Thur 26 May 2016 (a/h)

Ulta Salon beats by $0.16, beats on revs; guides Q2 EPS below consensus, revs above consensus; raises FY17 guidance:

• Reports Q1 (Apr) earnings of $1.45 per share, $0.16 better than the Capital IQ Consensus of $1.29; revenues rose 23.7% year/year to $1.07 bln vs the $1.03 bln Capital IQ Consensus. 
• Comps +15.2% including eCommerce vs. +9-11% guidance, driven by 11.0% growth in traffic and 4.2% growth in average ticket; Retail comparable sales increased 13.9%, including salon comparable sales growth of 7.7%.
• Co issues mixed guidance for Q2, sees EPS of $1.32-1.37 vs. $1.40 Capital IQ Consensus Estimate; sees Q2 revs of $1.041-1.058 bln vs. $1.03 bln Capital IQ Consensus Estimate. 
• Raises FY17 comps to 10-12% from 8-10% with eCommerce +40%; total sales to high teens growth from mid to high teens (consensus +17.2%).