Ulta Beauty Profit Tops Estimate, Lifts FY Guidance; Stock Up 10% - Quick Facts

(RTTNews) - Ulta Beauty (ULTA) Thursday reported second-quarter net earnings of $60.8 million or $0.94 per share compared with $44.9 million or $0.70 per share last year.

Revenues for the quarter were up 22.2 percent at $734.2 million compared with $601 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.83 per share on revenues of $713 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the third quarter, the company expects earnings of $0.79 to $0.84 per share, sales of $724 million to $736 million and same-store sales growth of 6% to 8%. Analysts expect earnings of $0.83 per share on sales of $717.46 million.

For fiscal year 2014, Ulta Salon now expects to achieve same-store sales growth of 7 percent to 8 percent, increase total sales in the 20 percent range and deliver earnings per share growth in the 20 percent range. Earlier it expected same-store sales growth of 4 percent to 6 percent, increase total sales in the mid-teens percentage range and deliver earnings per share growth in the mid-teens percentage range.