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Ulta (ULTA) Misses Q4 Earnings Estimates, Comps Up 11%

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Ulta Beauty, Inc. (ULTA - Free Report) just released its fourth-quarter and full fiscal 2017 financial results, posting adjusted earnings of $2.75 per share and revenues of $1.94 billion.

Currently, Ulta is a Zacks Rank #3 (Hold) and is down 2.25% to $201.51 per share in after-hours trading shortly after its earnings report was released.

ULTA:

Missed earnings estimates. The company posted adjusted earnings of $2.75 per share, missing the Zacks Consensus Estimate of $2.77 per share.

Matched revenue estimates. The company saw revenue figures of $1.94 billion, which matched our consensus estimate.

Ulta’s revenues jumped 15.7% from $1.58 billion in the year-ago period. For the full year the company posted sales of $5.88 billion.

Looking ahead to its upcoming first quarter, Ulta expects to post revenues between $1.51 billion and $1.52 billion—our current consensus estimate calls for $1.52 billion.

“The Ulta Beauty team delivered excellent results in 2017, achieving 11 percent comparable sales growth and 25 percent adjusted earnings growth,” CEO Mary Dillon said in a statement.

“Looking ahead to 2018, we are deploying a portion of the tax reform benefits to invest in our people and accelerate investments to drive growth and innovation.”

Here’s a graph that looks at ULTA’s Price, Consensus and EPS Surprise history:

Ulta Beauty Inc. Price, Consensus and EPS Surprise

Ulta Beauty Inc. Price, Consensus and EPS Surprise | Ulta Beauty Inc. Quote

Ulta Beauty, Inc. is a beauty retailer primarily in the United States and the premier beauty destination for cosmetics, fragrance, skin, hair care products and salon services. Ulta Beauty, Inc., formerly known as Ulta Salon, Cosmetics & Fragrance Inc., is based in Bolingbrook, Illinois.

Check back later for our full analysis on ULTA’s earnings report!

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