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Ulta Beauty Preliminary 1Q Sales Up 23%

The company announced positive preliminary first quarter fiscal 2012 results.

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By: Jamie Matusow

Editor-in-Chief

Ulta Beauty’s first quarter fiscal 2012 ended on April 28, 2012. According to a preliminary results, the Company expects to report that total net sales for first quarter fiscal 2012 were $474 million, compared to previous guidance of $452 million to $460 million. This is a 22.8% increase from total net sales of $386 million for first quarter fiscal 2011. Comparable store sales for first quarter fiscal 2012 are now expected to increase 10.1%, exceeding the Company’s previous guidance for comparable store sales to increase in a range of 6% to 8%. Following first quarter fiscal 2011 comparable store sales increase of 11.1%, the expected result for first quarter fiscal 2012 represents a two year comparable store sales increase of 21.2%. The Company is scuedled to announce the first quarter fiscal 2012 results after market close on June 5, 2012.

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