Ulta Beats on Both Top and Bottom Lines
Jun 12th 2013 1:01PM
Updated Jun 12th 2013 2:30PM
Ulta (NAS: ULTA) reported earnings on June 11. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended May 4 (Q1), Ulta beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. GAAP earnings per share expanded significantly.
Margins shrank across the board.
Ulta reported revenue of $582.7 million. The 12 analysts polled by S&P Capital IQ hoped for a top line of $576.3 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $474.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.65. The 12 earnings estimates compiled by S&P Capital IQ predicted $0.62 per share. GAAP EPS of $0.65 for Q1 were 20% higher than the prior-year quarter's $0.54 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 35.0%, 100 basis points worse than the prior-year quarter. Operating margin was 11.6%, 50 basis points worse than the prior-year quarter. Net margin was 7.2%, 20 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $588.4 million. On the bottom line, the average EPS estimate is $0.67.
Next year's average estimate for revenue is $2.69 billion. The average EPS estimate is $3.33.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 348 members out of 393 rating the stock outperform, and 45 members rating it underperform. Among 123 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 113 give Ulta a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ulta is outperform, with an average price target of $99.33.
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The article Ulta Beats on Both Top and Bottom Lines originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Ulta Salon, Cosmetics & Fragrance. The Motley Fool owns shares of Ulta Salon, Cosmetics & Fragrance. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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