Key Developments For Ulta Salon, Cosmetics & Fragrance, Inc.
Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA.O) (Nasdaq)
Ulta Salon, Cosmetics & Fragrance, Inc. Issues Q3 2009 Guidance In-Line with Analysts' Estimates; Comments on Q3 2009 Comparable Stores Sales Outlook
Ulta Salon, Cosmetics & Fragrance, Inc. announced that for the third quarter of 2009, it expects net sales in the range of $270 to $278 million, comparable stores sales decrease 1% to 4% and income per diluted share (EPS) of $0.08 to $0.11. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of $274 million and EPS of $0.09 for the third quarter of 2009.
Ulta Salon, Cosmetics & Fragrance, Inc. Issues Q2 2009 Outlook In-Line with Analysts' Estimates; Comments on Q2 2009 Comparable Stores Sales Outlook
Ulta Salon, Cosmetics & Fragrance, Inc. announced that for the second quarter of 2009, it expects net sales in the range of $264 million to $272 million, compared to actual net sales of $249.1 million in the second quarter of fiscal 2008. This assumes comparable stores sales decrease 2% to 5%, compared to an increase of 3.7% in the second quarter last year. Income per diluted share is estimated to be in the range of $0.03 to $0.05. This compares to income per diluted share for second quarter fiscal 2008 of $0.06. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of $269 million and earnings per share (EPS) of $0.04 for the second quarter of 2009.
Ulta Salon, Cosmetics & Fragrance, Inc. Announces Preliminary Settlement In Securities Class Action Lawsuit
Ulta Salon, Cosmetics & Fragrance, Inc. announced that it has reached a preliminary settlement in its class action lawsuit. The Company previously disclosed that a securities class action lawsuit was filed on December 17, 2007 in the United States District Court for the Northern District of Illinois, in which the Company and its Chief Executive Officer (CEO) and Chief Financial Officer (CFO) were named as defendants. On May 29, 2009, the Company and its primary insurance carrier engaged in a mediation with counsel representing the putative class. Although defendants continue to deny plaintiffs' allegations, in the interest of putting this matter behind it, the Company and its insurer have reached a tentative settlement with plaintiffs, subject to agreement on comprehensive settlement documentation and approval by the Court. All amounts to be paid under the tentative settlement will be paid out of proceeds of the Company's D&O insurance coverage.
Ulta Salon, Cosmetics & Fragrance, Inc. Issues Q1 2009 Guidance Below Analysts' Estimates; Comments On Comparable Stores Sales Guidance
Ulta Salon, Cosmetics & Fragrance, Inc. announced that for first quarter of 2009, it expects net sales in the range of $262-$271 million. This assumes comparable stores sales decrease 2% to 5%, compared to an increase of 3.9% in the first quarter last year. Income per diluted share for the first quarter of 2009 is estimated to be in the range of $0.04 to $0.06. According to Reuters Estimates, analysts were expecting the Company to report revenues of $273 million and EPS of $0.07 for the same period.
Ulta Salon, Cosmetics & Fragrance, Inc. Lowers Q4, FY 2008 Outlook; Comments On Q4, FY 2008 Comparable Store Sales Outlook
Ulta Salon, Cosmetics & Fragrance, Inc. announced that for the fourth quarter of 2008, it now estimates net sales in the range of $339 million to $343 million, compared to its previous fourth quarter net sales guidance in the range of $354 million to $368 million and income per diluted share (EPS) is currently estimated in the range of $0.18 to $0.19, as compared to its previous guidance for fourth quarter income per diluted share in the range of $0.24 to $0.28. Comparable store sales are expected to be in the range of minus 6.0% to minus 5.0%, compared to its previous guidance of minus 2% to plus 2%. For fiscal 2008, the Company now estimates net sales in the range of $1.082 billion to $1.086 billion, as compared to its previous guidance of net sales in the range of $1.1 billion to $1.11 billion and income per diluted share is currently estimated in the range of $0.41 to $0.42, compared to its previous guidance for income per diluted share of $0.47 to $0.51. Comparable store sales are currently expected to be flat to plus 0.4%, compared to a 6.4% increase last year. The Company's full year guidance excludes the $0.01 per share severance expense. According to Reuters Estimates, analysts were expecting the Company to report revenue of $ 362 million and EPS of $0.26 for the fourth quarter of 2008; revenue of $1.104 billion and EPS of $0.49 for fiscal 2008.
