Jim Cramer: Ulta Is a Buy

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Ulta  (ULTA) - Get Report reported earnings. 

For the quarter ended Oct. 31 Ulta Beauty earned $1.32 a share compared with $2.25 a share in the year-earlier quarter. Adjusted earnings for the latest period were $1.64 a share.

Asset-impairment and restructuring costs, related mainly to the suspension of its Canadian expansion, reduced reported net income by 32 cents a share, Ulta said.

Revenue fell to $1.55 billion from $1.68 billion.

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