Ulta Beauty Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 31 came to $1.33 per share, compared with the S&P Capital IQ consensus estimate of $1.28 per share.
EPS climbed 20.5% year over year from $1.10.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $86.1 million, a gain of 20.6% from $71.4 million in the fourth quarter ended Feb. 1, 2014.
The normalized profit margin declined to 8.2% from 8.2% in the year-earlier period.
Total revenue grew 20.7% on an annual basis to $1.05 billion from $868.1 million, and total operating expenses increased 20.7% year over year to $910.2 million from $753.9 million.
Reported net income grew 22.9% year over year to $87.3 million, or $1.35 per share, from $71.0 million, or $1.10 per share.
For the year, the company's normalized net income totaled $3.98 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $3.93.
EPS rose 25.1% from $3.18 in the prior year.
Normalized net income was $257.1 million, a gain of 25.5% from $204.8 million in the prior year.
Full-year total revenue rose 21.4% on an annual basis to $3.24 billion from $2.67 billion, and total operating expenses grew 20.8% year over year to $2.83 billion from $2.34 billion.
The company said reported net income rose 26.7% on an annual basis to $257.3 million, or $3.98 per share, in the full year, from $203.1 million, or $3.15 per share.
