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.