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) reported its Q2 fiscal 2024 results with net sales of $2.6 billion, a 0.9% increase from the previous year. However, comparable sales decreased by 1.2% compared to an 8.0% increase in Q2 2023. The company's net income was $252.6 million, or $5.30 per diluted share, down from $300.1 million or $6.02 per share in the same period last year. Gross profit margin decreased to 38.3% from 39.3%, while SG&A expenses increased to 25.3% of net sales. Despite challenges, Ulta Beauty opened 17 new stores and repurchased 549,852 shares. The company has updated its fiscal 2024 outlook, lowering expectations for net sales and comparable sales growth.
Ulta Beauty (NASDAQ: ULTA) has announced that it will release its second quarter fiscal 2024 financial results on Thursday, August 29, 2024, after the market closes. 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. A real-time audio webcast will be available on the company's Investor Relations website. A replay of the call will be accessible online for 30 days following the live event.
Ulta Beauty (NASDAQ: ULTA) reported its financial results for the first quarter of fiscal 2024, ending May 4, 2024. The company achieved net sales of $2.7 billion, a 3.5% increase from the previous year's $2.6 billion. Comparable sales grew by 1.6%, driven by a 1.3% rise in transactions and a 0.3% increase in the average ticket. Net income stood at $313.1 million, equating to $6.47 per diluted share, down from $347.1 million or $6.88 per share in Q1 2023.
Gross profit saw a slight increase to $1.07 billion, although the gross margin decreased to 39.2% from 40.0%. Operating income fell to $400.9 million, representing 14.7% of sales, compared to 16.8% in the previous year. SG&A expenses rose by 8.8% to $665.9 million.
Ulta opened 12 new stores and closed 2, bringing the total to 1,395 stores. The company repurchased 588,004 shares worth $285.1 million in Q1 2024. Updated FY24 guidance predicts net sales between $11.5 billion and $11.6 billion, and diluted EPS between $25.20 and $26.00.
Ulta Beauty (NASDAQ: ULTA) has announced CEO Dave Kimbell and CFO Paula Oyibo will participate in a Fireside Chat at the William Blair 44th Annual Growth Stock investor conference on June 4, 2024, at 9:40 a.m. Eastern Time.
Additionally, President and COO Kecia Steelman, along with CFO Paula Oyibo, will participate in another Fireside Chat at the Oppenheimer 24th Annual Consumer Growth and E-Commerce Conference on June 12, 2024, at 11:15 a.m. Eastern Time.
Both events will be webcast live on the Ulta Beauty investor relations website, with replays available for a time.
Ulta Beauty (NASDAQ: ULTA) has announced that it will release its first quarter fiscal 2024 financial results on May 30, 2024, after market close. The company will hold a conference call at 4:30 p.m. ET / 3:30 p.m. CT to discuss the results. Investors and analysts can join the call by dialing (877) 704-4453 or listen to the live audio webcast on Ulta Beauty's Investor Relations website. A replay of the call will be available online approximately two hours after the live event and will remain accessible for 30 days.
Ulta Beauty announced a strategic mission focusing on well-being for women and teens, with the Ulta Beauty Charitable Foundation committing over $3 million in 2024 to support mental health and well-being initiatives. The foundation aims to enhance holistic well-being by empowering women and teens through resources that boost confidence, improve physical health, and create a sense of belonging. Inspired by the strong connection between beauty and wellness, the foundation will collaborate with nonprofit partners to promote coping skills, healthy bodies, and supportive relationships. Ulta Beauty is reinforcing its commitment to well-being by launching a national fundraising campaign to support organizations like Big Brothers Big Sisters, The Jed Foundation, Active Minds, and Girls Inc. The foundation will also focus on supporting BIPOC and LGBTQ+ communities to ensure inclusive well-being efforts. Ulta Beauty will continue its long-standing support for the Breast Cancer Research Foundation and provide year-round resources to enhance the well-being of its associates.
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