- 26% gain in earnings and a 24% sales advance outpaced analysts' third-quarter estimates.
Ulta Salon, Cosmetics & Fragrance (ULTA) reported better-than-anticipated results for the 2016 third quarter and issued upbeat guidance for the holiday quarter.
The Bolingbrook, Ill.-based company projected fourth-quarter earnings per diluted share between $2.08 and $2.13 on revenue of $1.52 billion to $1.54 billion. Analysts were modeling earnings of $2.06 per share on revenue of $1.51 billion.
Comparable-store sales are now forecast to increase 12% to 14% in the current period vs. the FactSet consensus estimate for 13% growth.
Apart from this, ULTA Salon reiterated its other guidance metrics. The company continues to expect 40% year-over-year growth in e-commerce sales, approximately 11% expansion in square footage with the opening of 100 net new stores, remodeling of 12 locations and capital expenditure of $390 million.
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