Ulta Salon, Cosmetics & Fragrance Pops on Q4 Results

Shares of Ulta Salon, Cosmetics & Fragrance ULTA are trading higher in the after-hours following the release of the company's Q4 earnings results. Currently, shares are higher by 1.87%, trading at $90.94; they ended the regular session higher by 1.54%, at $89.27. Ulta Salon, Cosmetics & Fragrance reported Q4 EPS of $0.73 on revenues of $582.5 million. Revenues increased 23% year over year. Gross profit increased 100 basis points to 34.1% from 33.1% in the fourth quarter of fiscal 2010. Chuck Rubin, President and Chief Executive Officer of Ulta stated: "Our positive momentum continued in the fourth quarter and concluded another outstanding year of growth at Ulta Beauty.” “We grew market share across all major categories in the fourth quarter and fiscal year, demonstrating the ongoing strength of our store experience, our superior customer service and the excitement we bring our guests in new products, brands, services, in-store events and only at Ulta exclusives. Our store expansion continued favorably and included the opening of 61 new stores in the fiscal year for square footage expansion of 16%. The company sees Q1 EPS in the range of $0.46-0.48 on revenues of $452-460 million. Ulta Salon, Cosmetics & Fragrance, Inc. operates specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services.