Ulta Salon Cosmetics and Fragrance Inc Issues Q1 2012 Guidance; EPS Guidance Above Analysts' Estimates; Comments On Q1, FY 2012 Comparable Stores Sales And FY 2012 Earnings Guidance; Declare Dividend

Ulta Salon Cosmetics and Fragrance Inc announced that for the first quarter of 2012, it expects net sales in the range of $452 million to $460 million, income per diluted share (EPS) to be in the range of $0.46 to $0.48, this includes approximately a $0.01 impact driven by incremental pre-opening expense from its accelerated new store program, and comparable stores sales to increase in the range of 6% to 8%. For fiscal 2012, the Company expects deliver net income growth at the high end of the Company's long term target of 25%-30% and comparable store sales growth at or slightly above the high end of the Company's long term goal of 3% to 5%. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $459 million and EPS of $0.45 for the first quarter of 2012; and net income of $149.34 million for fiscal 2012. The Company also declared a quarterly cash dividend of $0.10 per share on its common stock, payable April 18, 2012 to shareholders of record as of April 2, 2012. Ulta Beauty also announced that its Board of Directors has declared a special cash dividend of $1.00 per share to shareholders of record as of March 20, 2012, with a payment date of May 15, 2012.