Key Developments: Ulta Salon Cosmetics and Fragrance Inc (ULTA.O)
96.60USD
18 Jun 2013
$0.58 (+0.60%)
$96.02
$96.00
$96.85
$95.76
542,539
1,253,270
$103.52
$72.51
Latest Key Developments (Source: Significant Developments)
Ulta Beauty Issues Q2 2013 Guidance Below Analysts' Estimates; Comments On Q2, FY 2013 Comparable Store Sales Guidance; Reaffirms FY 2013 Guidance
Ulta Beauty announced that for the second quarter of 2013, it expects net sales in the range of $579 million to $589 million, Comparable store sales to increase 4% to 6% and Income per diluted share to be in the range of $0.64 to $0.67. The Company is confirming its previously announced fiscal 2013 guidance. The Company plans to achieve comparable store sales growth of approximately 4% to 6%. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $590 million and EPS of $0.68 for the second quarter of 2013; revenue of $2.68 billion and EPS of $3.31 for fiscal 2013. Full Article
Ulta Beauty Announces Stock Repurchase Program
Ulta Beauty announced that its Board of Directors has authorized a stock repurchase program pursuant to which the Company may repurchase up to $150 million of the Company`s common stock. The stock repurchase program is effective immediately and will be funded from available working capital. The stock repurchases may be made from time to time in the open market, in privately negotiated transactions, or otherwise, at prices that the Company deems appropriate and subject to market conditions, applicable law and other factors deemed relevant in the Company`s sole discretion. The repurchase program does not obligate the Company to repurchase any dollar amount or number of shares of common stock, and may be suspended or discontinued at any time. Full Article
Ulta Beauty Issues Q1 2013 Guidance; Comments On Q1, FY 2013 Comparable Store Sales Guidance
Ulta Beauty announced that for the first quarter of 2013, it expects net sales in the range of $568 million to $577 million. Comparable store sales for the first quarter of 2013 are expected to increase 4% to 6%. Income per diluted share for the first quarter of fiscal 2013 is estimated to be in the range of $0.60 to $0.63. For fiscal 2013, the Company plans to achieve comparable store sales growth of approximately 4% to 6% including the impact of the e-commerce business; Full Article
Ulta Beauty Appoints Scott Settersten As Chief Financial Officer
Ulta Beauty announced the appointment of Scott Settersten as Chief Financial Officer and Assistant Secretary, effective immediately. Mr. Settersten will report to Dennis Eck, Interim Chief Executive Officer. Mr. Settersten has been Acting Chief Financial Officer and Assistant Secretary since October 2012. Full Article
Ulta Salon Cosmetics and Fragrance Inc Appoints Dennis K. Eck Interim Chief Executive Officer
Ulta Salon Cosmetics and Fragrance Inc announced that Chuck Rubin will step down as President and Chief Executive Officer and as a director, effective February 21, 2013, to become Chief Executive Officer at Michaels Stores, Inc., a specialty retailer of arts and crafts. The Board of Directors has appointed Dennis K. Eck, current Non-Executive Chairman of the Board of Directors, as Interim Chief Executive Officer. Mr. Rubin has agreed to assist the Company during the transition period. Full Article
Ulta Salon Cosmetics and Fragrance Inc Reaffirms Q4 2012 Guidance; Reaffirms Q4 2012 Comparable Store Sales
Ulta Salon Cosmetics and Fragrance Inc reaffirmed its fourth quarter of 2012 outlook and expects net sales in the range of $742 million to $754 million, comparable store sales to increase in a range of 5% to 7%, which includes the impact from hurricane Sandy and Income per diluted share (EPS) to be in the range of $0.96 to $0.98. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $751 million and EPS of $0.98 for fourth quarter of 2012. Full Article
Ulta Salon Cosmetics and Fragrance Inc Issues Q4 2012 Guidance; Comments On Q4 2012 Comparable Store Sales Guidance; Issues FY 2012 EPS Guidance; Comments On FY 2012 Comparable Store Sales Guidance
Ulta Salon Cosmetics and Fragrance Inc announced that for fourth quarter of 2012, it expects net sales in the range of $742-$754 million, Income per diluted share for the fourth quarter of fiscal 2012 is estimated to be in the range of $0.96 to $0.98. This assumes comparable store sales increase 5% to 7%, and includes the impact of Hurricane Sandy. For fiscal 2012, it expects comparable store sales growth of approximately 8%, earnings per share in the range of $2.64 to $2.66. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $751 million and EPS of $0.98 for fourth quarter of 2012; EPS of $2.65 for fiscal 2012. Full Article
Ulta Salon Cosmetics and Fragrance Inc Appoints Scott Settersten Acting Chief Financial Officer
Ulta Salon Cosmetics and Fragrance Inc announced that the Board of Directors has unanimously appointed Scott Settersten as Acting Chief Financial Officer, effective immediately. Mr. Settersten replaces Bruce L. Hartman, who has resigned from his position as Chief Financial Officer by mutual agreement with the Company. Ulta Beauty Board of Directors has initiated a search for a permanent CFO. Mr. Settersten will be considered for the permanent CFO position. Full Article
Ulta Salon Cosmetics and Fragrance Inc Issues Q3 2012 Guidance In Line With Analysts' Estimates; Comments On Q3 2012 Comparable Stores Sales Guidance
Ulta Salon Cosmetics and Fragrance Inc announced that for the third quarter of 2012, the Company expects net sales in the range of $494 million to $503 million. This assumes comparable stores sales increase 6% to 8% and Income per diluted share (EPS) to be in the range of $0.54 to $0.56. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $501 million and EPS of $0.54 for the third quarter of 2012. Full Article
Ulta Salon Cosmetics and Fragrance Inc Names Bruce L. Hartman Chief Financial Officer
Ulta Salon Cosmetics and Fragrance Inc announced the appointment of Bruce L. Hartman as Chief Financial Officer, effective September 7, 2012. He will report to Chuck Rubin, President and Chief Executive Officer. Mr. Hartman will succeed Gregg Bodnar, who has held the role of Chief Financial Officer at Ulta Beauty since 2006. In March, Mr. Bodnar announced his plans to step down from his position to allow him to relocate to Michigan to attend to a family health issue, and to remain in the position to assist in the hiring and onboarding of a new CFO. He will step down as CFO on September 6, 2012 and will continue to work with Ulta to ensure a smooth transition. Full Article
BRIEF-Ulta Salon shares down 11.7 pct premarket
NEW YORK, March 15 - Ulta Salon Cosmetics and Fragrance : * Shares down 11.7 percent in premarket trading
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