Ulta Salon Beats Wall Street's Top and Bottom Line Estimates

Shares of beauty and cosmetic retailer Ulta Salon (ULTA) reported first-quarter results after the closing bell on Thursday.
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Shares of beauty and cosmetic retailer Ulta Salon (ULTA) reported first-quarter results after the closing bell on Thursday. Earnings per share came in at $1.04, beating the $0.93 analysts polled by Thomson Reuters were looking for and ahead of the $0.77 earned during the same quarter last year. As for the topline, the retailer reported sales of $868 million, beating the consensus estimate of $846 million and up from the $713 million earned during the year-ago quarter. Comparable sales, a key industry metric, rose 11.4 percent, ahead of the 8.7 percent increase during the same quarter last year. 'The ULTA Beauty team delivered an excellent start to 2015, with better than expected sales and earnings growth in the first quarter,' said Mary Dillon, Ulta Salon's CEO. As for outlook, Ulta Salon expects second-quarter sales to range from $854 million to $868 million, while comparable store sales will rise between 7 percent and 9 percent. TheStreet's Scott Gamm reports from New York.