Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) released its earnings report for the third quarter of 2016 on Friday.
Ulta Salon, Cosmetics & Fragrance, Inc. reported earnings per share of $1.40 for the third quarter of the year. This is up from the earnings per share of $1.11 cents reported during the same time in 2015. It also came in above Wall Street’s earnings per share estimate of $1.37.
Revenue reported by Ulta Salon, Cosmetics & Fragrance, Inc. in the third quarter of 2016 was $1.13 billion. The beauty retailer reported revenue of $910.70 million in the third quarter of the year prior. Analysts were expecting the company to report revenue of $1.11 billion for the quarter.
Ulta Salon, Cosmetics & Fragrance, Inc. reported net income of $87.56 million during the third quarter of the year. The company’s net income from the same quarter in 2015 was $71.07 million.
Ulta Salon, Cosmetics & Fragrance, Inc. saw comparable sales grow by 16.7% in its third quarter of the year. This was driven by an 11.1% increase in transactions and a 5.6% increase in average ticket.
Ulta Salon, Cosmetics & Fragrance, Inc. is expecting revenue for the fourth quarter of 2016 to range from $1.516 billion to $1.541 billion. It is also looking for earnings per share between $2.08 and $2.13 in the quarter. Wall Street is estimating revenue of $1.51 billion and earnings per share of $2.06 for the fourth quarter of the year.
ULTA stock started Friday out 5% above its closing price on Thursday. However, it dropped to about 3% below its closing price from yesterday at around 10:30 this morning. It has now mostly recovered and is sitting just slightly below Thursday’s closing price.
