Ulta Shares Jump 5% As Earnings And Forecast Beat Expectations

Ulta Shares Jump 5% As Earnings And Forecast Beat Expectations

Shares traded up about 4% in after-hours trading Thursday, at $267.77 in a 52-week range of $146.77 to $278.63.

Moreover for the current quarter, Ulta Salon, Cosmetics & Fragrance, (NASDAQ:ULTA) it predicts sales of $1.52 billion to $1.54 billion, with comparable sales surging 12% to 14%. The company reported third-quarter earnings of $1.40 a share on revenue of $1.13 billion. Visit MarketWatch.com for more information on this news. The company, which offers a range of products across price points, from $200 hair tools and prestige brands like Lancôme to bargain brands such as Maybelline, has been expanding its store base as others are shutting stores and reporting sliding sales. In the company's latest quarter, sales at stores open at least 14 months climbed 16.7%, helped by a 59% surge in online sales.

At the same time, Ulta has prioritized investment in e-commerce.

Revenue shot up 24% to $1.13 billion.

Comparable sales surged 16.7% from previous year, beating guidance for 14-15% and up from a 12.8% growth rate in the third quarter of 2015. Analysts estimate $2.05 a share on revenue of $1.51 billion. Past year the company posted EPS of $1.69 in the fourth quarter on revenues of 1.27 billion. The company now expects same-store sales growth of 13% to 15% and EPS growth in the "high twenties percentage range". Per-share earnings are predicted in the range of $2.08 to $2.13, higher than the $2.05 analysts have forecasted.