Welcome to our dedicated page for Ulta Beauty news (Ticker: ULTA), a resource for investors and traders seeking the latest updates and insights on Ulta Beauty stock.
Ulta Beauty, Inc. (NASDAQ: ULTA) is the premier beauty retailer in the United States, renowned for offering a comprehensive range of cosmetics, fragrances, skin care products, hair care products, and salon services. Established over 25 years ago, Ulta Beauty has grown exponentially to become the top destination for all things beauty, all in one place™. With more than 1,385 stores as of the end of fiscal 2023 and a strategic partnership with Target, Ulta Beauty leads the specialized beauty retail market in the U.S.
Ulta Beauty provides an extensive selection of over 20,000 products from more than 500 established and emerging beauty brands. This includes their own private label offerings. The company’s product categories are diverse, featuring makeup (41% of 2023 sales), skincare (19% of sales), hair care (19% of sales), and bath and body items. Every Ulta Beauty store also features a full-service salon providing a variety of services such as haircuts, coloring, makeup application, skin treatments, and brow services.
Each store is designed to be an inviting and enjoyable shopping environment. They are typically around 10,000 square feet and located in suburban strip centers, making them easily accessible to a wide customer base. Ulta Beauty is headquartered in Bolingbrook, Illinois, and has been recognized for its commitment to offering personalized service and fun in-store experiences. The company's industry-leading Ultamate Rewards loyalty program is a testament to its dedication to customer satisfaction.
In addition to its physical stores, Ulta Beauty distributes its extensive product range through its website, which also features an array of beauty tips, tutorials, and other resources to enhance the customer experience. The company’s growth and success are reflected in its robust financial condition and its continuous expansion in the beauty retail sector.
Recent developments include the continued growth of their store network and enhancements to their e-commerce platform, ensuring a seamless shopping experience whether in-store or online. Ulta Beauty's collaboration with Target has further expanded its reach, allowing customers more convenient access to their favorite beauty products.
Ulta Beauty (NASDAQ: ULTA) has announced its participation in the upcoming Raymond James' TMT and Consumer Conference. Dave Kimbell, CEO, and Paula Oyibo, CFO, will engage in a Fireside Chat scheduled for December 11, 2024, at 10:40 a.m. Eastern Time / 9:40 a.m. Central Time.
The event will be accessible through a live webcast on the company's investor relations website at ulta.com/investor. A replay of the session will be made available for a duration following the conference.
Ulta Beauty announced its third quarter fiscal 2024 results, reporting net sales of $2.53 billion, a 1.7% increase from the previous year's $2.49 billion. Comparable sales rose by 0.6%, driven by a 0.5% increase in transactions and a 0.1% rise in average ticket. Net income was $242.2 million, translating to $5.14 per diluted share, up from $5.07. For the first nine months, net sales reached $7.8 billion, with a 2.0% increase from $7.7 billion. Gross profit as a percentage of net sales decreased slightly to 39.7% in Q3 and 39.1% for the first nine months. SG&A expenses increased to $682.3 million in Q3, and $2.0 billion for the first nine months, reflecting strategic investments. The company repurchased 731,458 shares for $267.0 million in Q3. Ulta opened 28 new stores and remodeled 27 in Q3, with plans to open 60-65 new stores in fiscal 2024. The updated fiscal 2024 outlook projects net sales between $11.1 billion and $11.2 billion, with diluted EPS between $23.20 and $23.75.
Ulta Beauty (NASDAQ: ULTA) has scheduled its third quarter fiscal 2024 financial results announcement for Thursday, December 5, 2024, after market close. The company will host a conference call at 4:30 p.m. ET / 3:30 p.m. CT to discuss the results. Investors and analysts can participate by dialing (877) 704-4453 or listen to the live webcast through the company's Investor Relations website. A replay will be available online for 30 days following the call.
Ulta Beauty (NASDAQ: ULTA) has partnered with Rokt to expand its retail media network, UB Media, ahead of the 2024 holiday season. The collaboration will enable Ulta Beauty to incorporate non-endemic advertising for the first time, allowing brands not sold on Ulta's platform to present targeted offers during the Transaction Moment™.
Through Rokt's technology, Ulta Beauty gains complete control over customer experience and message frequency while unlocking new revenue streams. The partnership aims to boost app downloads, beauty services, and reward program sign-ups, leveraging Ulta's base of nearly 44 million loyalty members. Non-endemic brand partners will include companies like Hulu, PayPal, and DoorDash.
Ulta Beauty (NASDAQ: ULTA) announced new long-term financial targets and strategic priorities at its 2024 Investor Day. The company plans to accelerate new store openings, targeting 1,800+ stores long-term, with 200 net new stores over the next three years. Ulta aims to drive loyalty program growth to 50 million members by 2028 and establish a leadership position in wellness.
The board approved a new $3 billion share repurchase authorization, replacing the prior program. Ulta Beauty reaffirmed its fiscal 2024 guidance, expecting net sales of $11.0-11.2 billion and comparable sales of -2% to 0%.
Long-term financial targets for 2026 and beyond include 4-6% net sales growth, mid-single-digit operating profit growth, and low double-digit diluted EPS growth. The company plans to maintain operating margins around 12% of net sales and continue its disciplined capital allocation strategy.
Ulta Beauty, the largest beauty retailer in the US, has launched Ulta Beauty Community, a new digital platform, along with two wellness initiatives: The Joy Hub and The Joy Of… podcast. These initiatives, announced on World Mental Health Day, aim to make beauty and joy more accessible while fostering connection, self-care, and holistic well-being.
The Ulta Beauty Community is an inclusive digital space where beauty enthusiasts can share stories, routines, and tips. The Joy Hub features content from The Joy Council, a group of mental health and well-being experts. The Joy Of… podcast explores the intersection of beauty and joy through interviews with industry leaders and mental health advocates.
These initiatives underscore Ulta Beauty's commitment to the connection between beauty, wellness, and joy. The company invites everyone to join the Ulta Beauty Community, explore The Joy Hub, and listen to The Joy Of… podcast, all accessible for free via Ulta Beauty's website.
Ulta Beauty (NASDAQ: ULTA) has announced its upcoming 2024 Investor Day, scheduled for Wednesday, October 16th, 2024, from 8:30 a.m. to 12:00 p.m. Central Time. This event will feature presentations from the company's executive leadership team, who will share insights into Ulta Beauty's strategies and long-term growth expectations.
The Investor Day will be accessible to the public via a live webcast on the company's investor relations website at https://www.ulta.com/investor. For those unable to attend the live event, a replay will be available online approximately three hours after the event concludes and will remain accessible for a six-month period.
Ulta Beauty announces a partnership with Universal Pictures' Wicked for a multi-branded beauty collection, available from October 6th at all stores and ulta.com. The collection, inspired by the film adaptation of the musical about the witches of Oz, includes makeup, skincare, haircare, and accessories from various brands. Ariana Grande's r.e.m. beauty will exclusively feature a -edition 9-piece makeup set.
The collection, priced from $8 to $60, will be showcased in Ulta Beauty stores nationwide through displays and experiences from October 6th to December 25th. Diamond and Platinum members get early access on October 1st and 2nd. Special immersive experiences will be available at select stores in New York and California.
Participating brands include r.e.m. beauty, Beekman 1802, OPI, It Brushes For Ulta, Caboodles, Conair, TARTAN + TWINE, Wet Brush, Wella, and Scunci. The partnership aims to celebrate individuality and the transformative power of beauty.
Ulta Beauty, the largest beauty retailer in the US, has announced its 2024 MUSE Accelerator cohort. Eight early-stage brands in cosmetics, skincare, haircare, and wellness will participate in a 10-week program starting September 18. The program offers a curriculum, mentorship, and funding to prepare brands for retail distribution. Each brand will receive $50,000 in financial support. New this year, Ulta Beauty and Fifteen Percent Pledge will award an additional $10,000 to one emerging entrepreneur. The MUSE Accelerator, in its third year, supports Ulta Beauty's efforts to amplify underrepresented voices in the industry and create an inclusive assortment.
Ulta Beauty, the largest beauty retailer in the US, has launched The Joy Council as part of its Joy Project initiative. The council, led by Deepak Chopra M.D. as honorary Chief of Joy, aims to help people find and experience joy in their daily lives. This initiative comes in response to Ulta Beauty's research revealing a joy deficit among American teens and adults.
The Joy Council includes fitness expert Ally Love, relationship expert Jillian Turecki, and Olympic champion Laurie Hernandez. They will create exclusive content, tips, and insights on joy, to be shared across Ulta Beauty's platforms. The initiative builds on the previous year's efforts to create the world's longest compliment chain on social media and in stores.
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