Ulta Salon, Cosmetics & Fragrance Inc. (ULTA). The company on Thursday posted a higher-than-expected first-quarter profit, helped by improved merchandise margins, and the company forecast strong second-quarter results. The company posted first-quarter net income of 23 cents a share, compared with 8 cents a share, a year ago.
Ulta Salon sees second-quarter adjusted profit between 19 cents and 21 cents a share, on net sales of $311 million to $317 million. Analysts were expecting earnings of 15 cents a share on revenue of $308.1 million.
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