BEAUTY CARE

Ulta Beauty issues preliminary Q1 results

BY Antoinette Alexander

BOLINGBROOK, Ill. — Beauty retailer Ulta Beauty announced on Monday preliminary first-quarter fiscal 2012 results, which included an expected same-store sales increase of 10.1%.

Ulta Beauty expects to report that total net sales for the quarter were $474 million, compared with its previous guidance of $452 million to $460 million. The expected results are 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 stated.

Income per diluted share for first quarter fiscal 2012 is now expected to be in the range of 52 cents to 53 cents, reflecting an increase of approximately 42% compared with income per diluted share of 37 cents for first quarter fiscal 2011. As planned, the expected income per diluted share for first quarter fiscal 2012 includes incremental pre-opening expense from the company’s accelerated new store program, which will have a negative impact of 1 cents on income per diluted share compared with first quarter fiscal 2011. The company’s previous guidance for income per diluted share was 46 cents to 48 cents. The company opened 18 new stores in first quarter fiscal 2012 compared with five in first quarter fiscal 2011.

The company’s results of operations for first quarter fiscal 2012 have not been finalized; the preliminary, unaudited information reflects the company’s expectations with respect to results of operations for the first quarter based on currently available information.

The retailer expects to announce its first quarter fiscal 2012 results after market close on June 5.

 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

BEAUTY CARE

P&G’s Tampax, Always brands come together for new Radiant collection

BY Antoinette Alexander

CINCINNATI — Procter & Gamble has introduced its new Radiant collection, which includes a complete offering of tampons, pads, liners and wipes from the company’s Tampax and Always brands. The collection marks P&G’s first cross-category product initiative.

The Radiant collection includes Tampax tampons, Always Infinity pads, Always Incredibly Thin Liners and Always Radiant Wipes-to-Go that are packaged with a stylish new look. Its launch also marks the first time that P&G Fem Care is using real girls in their advertising, showcasing the women who inspired the Radiant collection.

To help find the ultimate collection of standout girls, Radiant is partnering with PopSugar, which is featuring Radiant in its contest encouraging girls to share what makes them stand out — their style, talents, smarts and interests.

Girls can upload photos and describe their passion for the chance to star in a PopSugar video and receive $5,000.

 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

BEAUTY CARE

Rite Aid sponsors Revlon Run/Walk for Women

BY Alaric DeArment

CAMP HILL, Pa. — Rite Aid will be among the industry sponsors of a benefit for women’s cancer research, the retail pharmacy chain said Thursday.

Rite Aid announced that it would field run-walk teams for the Entertainment Industry Foundation Revlon Run/Walk for Women events in New York and Los Angeles, while Revlon will donate $25,000 in Rite Aid beauty product sales. The retailer also will offer Revlon coupons online and will sell exclusive nail polish shades.

The New York event, which takes place on Saturday, will be led by a pace car carrying Melissa Moulton of Mansfield, Mass., who won a contest to name a new nail polish shade by telling the story of co-worker Robin DiFlaminies, who continued to work from home while fighting cancer. The shimmery, light-pink shade will be named "Strength of Pink."

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES