Ulta Salon third quarter profit beats, fourth quarter revenue view below Street
Dec 3, 2009
Dec 3 (Reuters) - Ulta Salon, Cosmetics & Fragrance Inc (ULTA.O) reported a better-than-expected quarterly profit, helped by higher same-store sales and increased margins, but its revenue forecast for the fourth quarter fell short of expectations.
The beauty retailer also said it expects the holiday season to be challenging.
The company, which operates 345 retail stores in 38 U.S. states, reported net income of $8.5 million, or 14 cents a share, compared with $5 million, or 9 cents a share, a year earlier.
Revenue at Ulta Salon rose 12 percent to $284 million.
Analysts on average were expecting earnings of 11 cents a share on revenue of $277.5 million, according to Thomson Reuters I/B/E/S.
For the fourth quarter, the company sees per-share earnings of 22 cents to 26 cents and sales of $362 million to $376 million.
Analysts were expecting earnings of 25 cents per share on revenue of $377.1 million.
Same-store sales for the third quarter rose 1.5 percent.
The Romeoville, Illinois-based company's shares, which have tripled in the last one year, closed at $17.91 Thursday 3 December on Nasdaq. (Reporting by Shobhana Chadha in Bangalore; Editing by Ratul Ray Chaudhuri) ((email@example.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: firstname.lastname@example.org))
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