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 reported net sales of $2.0 billion for the second quarter of fiscal 2021, a 60.2% increase from the same period last year. Comparable sales surged by 56.3%, driven by a 52.5% rise in transactions. The company posted net income of $250.9 million, or $4.56 per diluted share, compared to $8.1 million in the prior year. For the first six months, net sales reached $3.9 billion, reflecting a 62.7% increase. Ulta also raised its fiscal 2021 outlook, now expecting net sales between $8.1 billion and $8.3 billion.
Ulta Beauty (NASDAQ: ULTA) will release its second-quarter financial results for the period ended July 31, 2021, on August 25, 2021, after market close. A conference call, hosted by CEO Dave Kimbell and CFO Scott Settersten, will follow at 4:30 p.m. ET. Interested participants can dial (877) 705-6003 or access the live audio webcast at www.ulta.com. The call replay will be available until September 8, 2021. Ulta Beauty is the largest beauty retailer in the U.S., operating over 1,250 stores and an online platform offering a comprehensive beauty shopping experience.
Target Corporation (NYSE: TGT) and Ulta Beauty (NASDAQ: ULTA) are set to launch Ulta Beauty at Target, rolling out in over 100 Target stores nationwide and online this August. This initiative features more than 50 curated prestige brands, aiming to enhance the beauty shopping experience. The partnership plans to expand to 800 locations in the coming years, combining Ulta’s beauty expertise with Target's retail reach. The immersive shopping experience includes trained beauty experts and online access with benefits from both companies’ loyalty programs.
Ulta Beauty (NASDAQ: ULTA) will participate in a Fireside Chat at the Jefferies Virtual Consumer Conference on June 23, 2021, at 11:30 a.m. ET. The chat will feature CFO Scott Settersten, COO Kecia Steelman, and CMO Shelley Haus, and will be webcast live. Ulta is the largest beauty retailer in the U.S., operating over 1,250 stores nationwide, while also providing products through their website. The company has been recognized for its commitment to gender equality by being added to the Bloomberg Gender Equality Index.
Ulta Beauty reported strong earnings for Q1 of fiscal 2021, with net sales climbing 65.2% to $1.9 billion, significantly outpacing Q1 of fiscal 2020. Comparable sales surged 65.9%, driven by an increase in transactions and average ticket size. Gross profit rose to $753.8 million with a margin of 38.9%. The company achieved diluted EPS of $4.10, compared to a loss of $1.39 in the prior year. Ulta updated its fiscal 2021 outlook, raising expected net sales to $7.7-$7.8 billion and comparable sales to 23%-25%.
Ulta Beauty, Inc. (NASDAQ: ULTA) announced plans to release its financial results for Q1 ending May 1, 2021, on May 27, 2021, after the market closes. A conference call will be held the same day at 4:30 p.m. ET, led by CEO Mary Dillon, President Dave Kimbell, and CFO Scott Settersten. Interested parties can join by calling (877) 705-6003 or via a live webcast at ir.ultabeauty.com. A replay will be available for 90 days. Ulta is the largest beauty retailer in the U.S., operating over 1,250 stores nationwide.
Ulta Beauty (NASDAQ: ULTA) will present at the J.P. Morgan 7th Annual Retail Round-Up Virtual Conference on April 14, 2021, at 8:50 a.m. ET. Executives including President Dave Kimbell, CFO Scott Settersten, and COO Kecia Steelman will lead the session. The presentation will be available via live webcast at ir.ultabeauty.com. Ulta Beauty is recognized as the largest U.S. beauty retailer and has been added to the Bloomberg Gender Equality Index, reflecting its commitment to gender equality and corporate responsibility.
Ulta Beauty reported its financial results for Q4 and FY 2020, revealing a 16.8% decline in net sales to $6.2 billion compared to FY 2019, largely due to COVID-19 impacts. Q4 net sales were down 4.6% at $2.2 billion, with a 12.2% drop in transactions. Operating income decreased to $224.3 million, with a diluted EPS of $3.03. The company experienced $188 million in COVID-related costs but plans to open 40 new stores in FY 2021 and anticipates revenues of $7.2-$7.3 billion.
Ulta Beauty announces leadership changes effective June 2021, with Dave Kimbell replacing Mary Dillon as CEO and Kecia Steelman promoted to COO. Dillon transitions to executive chair, having tripled market cap to over $18 billion and delivered a 245% total shareholder return in her eight-year tenure. Kimbell, previously president, emphasizes continuity and growth. The board expresses gratitude for Dillon's leadership and confidence in Kimbell for future success. Additionally, Robert DiRomualdo retires as chair, with Lorna Nagler becoming Lead Independent Director.
Ulta Beauty (NASDAQ: ULTA) will host a conference call on March 11, 2021, at 5:00 PM ET to discuss its fourth quarter 2020 results. A press release detailing these results will be issued after the market closes that day. The call will feature CEO Mary Dillon and CFO Scott Settersten, with participation available via phone and webcast. The call replay will be available until March 25, 2021. Ulta Beauty is the largest U.S. beauty retailer with over 1,260 stores nationwide, offering a wide range of beauty products and salon services.
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