Ulta Beauty announced preliminary results for the first fiscal quarter of 2012. However, Ulta Beauty’s first quarter fiscal 2012 ended on April 28, 2012, and the company’s results of operations for first quarter fiscal 2012 have not been finalized; the following unaudited information reflects the company’s expectations with respect to results of operations for the first quarter based on currently available information.
Ulta Beauty now expects to report total net sales for first quarter fiscal 2012 were $474 million, compared to previous guidance of $452 million to $460 million. This represents 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%.
Ulta Beauty expects to announce its first quarter fiscal 2012 results after market close on June 5, 2012.