Ulta Q1 Profit Tops View; Issues Q2 Outlook - Quick Facts

(RTTNews) - Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA) Thursday reported first-quarter net income of $50.0 million or $0.77 per share, compared to $41.8 million or $0.65 per share in the comparable quarter last year.

On average, 17 analysts polled by Thomson Reuters expected the company to earn $0.74 per share for the quarter. Analysts' estimates typically exclude special items.

Sales increased 22.5 percent to $713.77 million from $582.71 million last year, while fifteen analysts expected revenues of $699.95 million.

Looking ahead to the second quarter, the company has forecast earnings in the range of $0.78 to $0.83 per share, with revenues ranging between $706 million and $717 million. Analysts currently expect the company to earn $0.82 per share on second-quarter revenues of $703.95 million.