Ulta Salon Cosmetics and Fragrance Inc Raises Q1 2012 Guidance; Raises Q1 2012 Comparable Store Sales Guidance

Ulta Salon Cosmetics and Fragrance Inc announced that for the first quarter of 2012, it expects net sales to be $474 million, compared to previous guidance of $452 million to $460 million, comparable store sales to increase 10.1%, exceeding the Company's previous guidance for comparable store sales to increase in a range of 6% to 8%, income per diluted share (EPS) to be in the range of $0.52 to $0.53. The Company's previous guidance for income per diluted share was $0.46 to $0.48. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $460 million and EPS of $0.48 for the first quarter of 2012.