Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
28 February, 2024 16:56 IST
Ulta Beauty first-quarter profit jumps 39.41 percent on a YOY basis
Source: IRIS | 26 May, 2017, 08.39AM

Powered by IRIS XBRL Data
Rating: NAN / 5 stars.
Comments  |  Post Comment


Ulta Beauty, Inc. (ULTA) has reported a 39.41 percent jump in profit for the quarter ended Apr. 29, 2017. The company has earned $128.22 million, or $2.05 a share in the quarter, compared with $91.98 million, or $1.45 a share for the same period last year.

Revenue during the quarter grew 22.46 percent to $1,314.88 million from $1,073.72 million in the previous year period. Gross margin for the quarter contracted 16 basis points over the previous year period to 36.20 percent. Total expenses were 85.67 percent of quarterly revenues, down from 86.29 percent for the same period last year. This has led to an improvement of 62 basis points in operating margin to 14.33 percent.

Operating income for the quarter was $188.40 million, compared with $147.16 million in the previous year period.

"The Ulta Beauty team kicked off 2017 with excellent performance in the first quarter," said Mary Dillon, chief executive officer. "Strong execution of our growth strategies delivered above plan sales and earnings growth. Our results reflect continued newness and innovation in merchandising, successful marketing programs, steady progress in our salon business and exceptional growth in e-commerce."

For fiscal 2017, Ulta Beauty, Inc. plans to: achieve comparable sales growth of approximately 9% to 11%, including the impact of the e-commerce business, compared to previous guidance of 8% to 10% and grow e-commerce sales in the 50% range, compared to previous guidance of 40%.

For the second-quarter 2017, Ulta Beauty, Inc. forecasts revenue to be in the range of $1,257 million to $1,278 million. The company expects diluted earnings per share to be in the range of $1.72 to $1.77.


Operating cash flow improves
Ulta Beauty, Inc. has generated cash of $175.74 million from operating activities during the quarter, up 5.28 percent or $8.81 million, when compared with the last year period.

The company has spent $196.75 million cash to meet investing activities during the quarter as against cash outgo of $54.32 million in the last year period.

The company has spent $42.28 million cash to carry out financing activities during the quarter as against cash outgo of $219.20 million in the last year period.

Cash and cash equivalents stood at $321.72 million as on Apr. 29, 2017, up 34.47 percent or $82.47 million from $239.25 million on Apr. 30, 2016.


Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: [email protected]
 Post Comment
Name Email
Comment
Security Code type    into this box
US Equities
Innodata Isogen swings to first-quarter loss on a YOY basis - 10-Jul-2017 03:29
Echelon Corp first-quarter loss widens on a YOY basis - 09-Jul-2017 20:32
Diversicare Healthcare Services swings to first-quarter profit on a YOY basis - 09-Jul-2017 19:51
Dextera Surgical third-quarter loss widens on a YOY basis - 09-Jul-2017 18:20
Open Text Corp third-quarter earnings plunge by 68.72 percent on a YOY basis - 09-Jul-2017 15:17
NAPCO Security Technologies third-quarter earnings decline by 12.19 percent on a YOY basis - 09-Jul-2017 14:31
Patriot National Bancorp first-quarter profit jumps 165.75 percent on a YOY basis - 09-Jul-2017 13:29
Patriot National Bancorp first-quarter profit jumps 165.75 percent on a YOY basis - 09-Jul-2017 13:29
Alaska Communications Systems Group swings to first-quarter loss on a YOY basis - 09-Jul-2017 12:00
Delcath Systems first-quarter loss widens on a YOY basis - 08-Jul-2017 18:33
Edgewater Technology first-quarter loss widens on a YOY basis - 08-Jul-2017 16:21
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer