×
1 214
Fashion Jobs
AESOP
Retail Consultant | Crows Nest | Casual
Permanent · Crows Nest
CROCS
Distribution & Logistics Manager
Permanent ·
LORNA JANE
Regional Leader - Vic
Permanent · MELBOURNE
LORNA JANE
Brand Manager
Permanent · EAGLE FARM
LORNA JANE
Ecommerce Production Specialist
Permanent · EAGLE FARM
DOTTI
Supply Coordinator - Dotti
Permanent · Melbourne
L'OREAL GROUP
Senior CO-Packing Planner
Permanent · Dandenong
L'OREAL GROUP
Business Consultant - Redken & Pureology
Permanent · Sydney
L'OREAL GROUP
Business Consultant | Redken & Pureology
Permanent · Perth
L'OREAL GROUP
Senior Demand Planner
Permanent · Melbourne
PETER ALEXANDER
Stock Sales Assistant - Full Time - Peter Alexander - Northland
Permanent · North Melbourne
SMIGGLE
Regional Manager Smiggle (Sydney North / Central Coast)
Permanent · Central Coast
ADIDAS
Human Resources Manager
Permanent · MELBOURNE
AESOP
Purchasing Accounts Payable Coordinator
Permanent · Melbourne
ON RUNNING
Marketing Lead Oceania
Permanent · MELBOURNE
L'OREAL GROUP
Visual Merchandiser Manager - Luxe
Permanent · Melbourne
L'OREAL GROUP
Senior Brand Manager | la Roche-Posay
Permanent · Melbourne
L'OREAL GROUP
Ecommerce Key Account Manager
Permanent · Melbourne
L'OREAL GROUP
Business Development Executive
Permanent · Brisbane
L'OREAL GROUP
Supply Chain Transformation Manager
Permanent · Melbourne
ADIDAS
Omni Channel (Wholesale / Trade) Marketing Executive
Permanent · MELBOURNE
ADIDAS
Store Stock Person,Homebush Factory Outlet
Permanent · SYDNEY
By
Reuters
Published
Mar 19, 2009
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ulta Salon Q4 profit tops view, sees Q1 below Street

By
Reuters
Published
Mar 19, 2009


March 19 (Reuters) - Beauty products retailer Ulta Salon, Cosmetics & Fragrance Inc (ULTA.O) posted a fourth-quarter profit that beat market expectations as it avoided discounting during the holiday season, but forecast first-quarter results below market estimates.

The company plans expense reductions of about $15 million for fiscal 2009 by reducing supply chain and store operating costs and freezing corporate office headcount. It also plans to reduce inventory by 5 to 7 percent.

The Romeoville-Illinois based company posted fourth-quarter net income of $12.3 million, or 21 cents a share, compared with $13.6 million, or 23 cents a share, from a year earlier.

Net sales for the quarter ended Jan. 31 rose 10.4 percent, while same store sales at the company fell 5.5 percent.

Analysts were expecting earnings of 19 cents a share, before special items, on revenue of $341.7 million, according to Reuters Estimates.

Ulta Salon expects earnings of 4 cents to 6 cents a share for the first quarter, including severance costs of 1 cent a share.

It expects net sales of $262 million to $271 million for the quarter and sees same-store sales dropping 2 to 5 percent during the period.

Analysts were expecting earnings of 7 cents a share, before special items, on revenue of $273.2 million, for the first quarter. The company's shares, which have fallen about 54 percent in past six months, closed at $6.28 Thursday March 19 on Nasdaq. (Reporting by Poojya Trivedi in Bangalore; Editing by Ratul Ray Chaudhuri)

© Thomson Reuters 2023 All rights reserved.