Ulta Beauty holiday sales up; raises Q4 outlook
Jan 5, 2012
Ulta Beauty posted strong holiday sales, helped by continued demand across all its categories, prompting the beauty retailer to raise its fourth-quarter outlook.
The Bolingbrook, Illinois-based company has been introducing new products and increasing promotions to attract beauty-conscious customers to its stores.
Holiday comparable store sales for the seven-week period from Nov. 13 rose 12.6 percent. Total sales in the period were up 24 percent at $386 million.
For the fourth quarter, Ulta Beauty, which sells cosmetics, fragrance, haircare and other beauty products, now expects earnings of 67 cents to 68 cents a share. It had earlier forecast 62 cents to 64 cents a share.
Analysts, on average, were expecting earnings of 64 cents on revenue of $563 million, according to Thomson Reuters I/B/E/S.
(Reporting by Ranjita Ganesan In Bangalore; Editing by Maju Samuel)
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