Fourth-quarter results for Ulta Salon (NASDAQ:ULTA) came in better than expected, with same-store sales and income both up around 9%. Also, as a refreshing change, Ulta was one retailer that did not post weakness this quarter and then blame the harsh winter weather for it.

In this video from Friday's Investor Beat, host Chris Hill and Motley Fool analyst Ron Gross take a look at the importance of Ulta's multi-channel sales approach that helped them reach even those consumers who stayed home on snowy days. Ron mentions that, although he likes the company very much, the stock may be a little pricey at these levels.

Chris Hill has no position in any stocks mentioned. Ron Gross has no position in any stocks mentioned. The Motley Fool recommends Ulta Salon, Cosmetics & Fragrance. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.