Ulta Marketing initiatives success in holiday period

10 Jan '08

3 min read

Outlook:
The Company is reconfirming the guidance provided in its third quarter results press release on December 11, 2007. For the fourth quarter of fiscal 2007, the Company continues to expect net sales in the range of $304 million to $310 million, compared to actual fourth quarter fiscal 2006 net sales of $267 million inclusive of $16.4 million for the 53rd week.

This net sales range reflects an increase of 21.3% to 23.7% for the same 13 week period in the prior year. Comparable store sales continue to be estimated to increase in the range of 4% to 6%, as compared to an actual comparable store sales increase of 15.7% in the same 13 week period in fiscal 2006.

Income per diluted share continues to be estimated in the range of $0.22 to $0.24, compared to actual fourth quarter fiscal 2006 income per diluted share of $0.19.

For the full year fiscal 2007, the Company continues to expect net sales in the range of $907 million to $913 million, compared to actual fiscal 2006 net sales of $755.1 million inclusive of $16.4 million for the 53rd week. This net sales range reflects an increase of 22.8% to 23.6% for the same 52 week period in the prior year.

Comparable store sales continue to be estimated to increase by 6.2% to 6.9%, as compared to an actual comparable store sales increase of 14.5% in fiscal 2006. Income per diluted share continues to be estimated in the range of $0.47 to $0.49, compared to actual fiscal 2006 income per diluted share of $0.45.

The Company continues to expect to end the year with approximately 249 locations representing a 28% increase in square footage to approximately 2,589,794 square feet.

The Company's annual long term growth targets include: (i) comparable store sales increase in the mid single digit range; (ii) square footage expansion of 20% - 25%; and (iii) net income growth of 25% - 30%.

Ulta Salon, Cosmetics & Fragrance Inc

More Fashion News - United States Of America...