Ulta Beauty Announces Second Quarter Fiscal 2024 Results
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) ha riportato i risultati del secondo trimestre fiscale 2024 con vendite nette di $2,6 miliardi, un aumento dello 0,9% rispetto all'anno precedente. Tuttavia, le vendite comparabili sono diminuite dell'1,2% rispetto a un aumento dell'8,0% del secondo trimestre 2023. L'utile netto dell'azienda è stato di $252,6 milioni, ovvero $5,30 per azione diluita, in calo rispetto ai $300,1 milioni o $6,02 per azione nello stesso periodo dell'anno scorso. Il margine di profitto lordo è sceso al 38,3% rispetto al 39,3%, mentre le spese SG&A sono aumentate al 25,3% delle vendite nette. Nonostante le sfide, Ulta Beauty ha aperto 17 nuovi negozi e ha riacquistato 549.852 azioni. L'azienda ha aggiornato le sue previsioni fiscali per il 2024, abbassando le aspettative per la crescita delle vendite nette e delle vendite comparabili.
Ulta Beauty (NASDAQ: ULTA) reportó sus resultados del segundo trimestre fiscal 2024 con ventas netas de $2.6 mil millones, un incremento del 0.9% desde el año anterior. Sin embargo, las ventas comparables disminuyeron en un 1.2% comparado con un aumento del 8.0% en el segundo trimestre de 2023. La utilidad neta de la compañía fue de $252.6 millones, o $5.30 por acción diluida, en comparación con $300.1 millones o $6.02 por acción en el mismo período del año anterior. El margen de utilidad bruta bajó al 38.3% desde el 39.3%, mientras que los gastos SG&A aumentaron al 25.3% de las ventas netas. A pesar de los desafíos, Ulta Beauty abrió 17 nuevas tiendas y recompró 549,852 acciones. La compañía ha actualizado su perspectiva fiscal para 2024, reduciendo las expectativas de crecimiento en ventas netas y ventas comparables.
Ulta Beauty (NASDAQ: ULTA)는 2024 회계연도 2분기 실적을 보고하며 순매출 26억 달러, 전년 대비 0.9% 증가했다고 발표했습니다. 그러나 비교 가능한 매출은 1.2% 감소했습니다, 지난해 2023년 2분기 8.0% 증가와 비교할 때입니다. 회사의 순이익은 2억 5,260만 달러로 희석 주당 5.30 달러로 감소했으며, 작년 같은 기간의 3억 1,010만 달러 또는 주당 6.02 달러에서 하락했습니다. 총 이익률은 39.3%에서 38.3%로 하락했으며, SG&A 비용은 순매출의 25.3%로 증가했습니다. 어려움에도 불구하고 Ulta Beauty는 17개의 새로운 매장을 열었고 549,852주를 재매입했습니다. 회사는 2024 회계연도 전망을 업데이트하였고, 순매출 및 비교 가능한 매출 성장에 대한 기대치를 낮추었습니다.
Ulta Beauty (NASDAQ: ULTA) a publié ses résultats pour le deuxième trimestre de l'exercice 2024, affichant des ventes nettes de 2,6 milliards de dollars, soit une augmentation de 0,9 % par rapport à l'année précédente. Cependant, les ventes comparables ont diminué de 1,2 % comparativement à une augmentation de 8,0 % au deuxième trimestre 2023. Le bénéfice net de l'entreprise s'élevait à 252,6 millions de dollars, ou 5,30 dollars par action diluée, en baisse par rapport à 300,1 millions de dollars ou 6,02 dollars par action pendant la même période l'année précédente. La marge brute a diminué à 38,3 % contre 39,3 %, tandis que les dépenses SG&A ont augmenté à 25,3 % des ventes nettes. Malgré ces défis, Ulta Beauty a ouvert 17 nouveaux magasins et a racheté 549 852 actions. L'entreprise a mis à jour ses prévisions pour l'exercice 2024, abaissant ses attentes en matière de ventes nettes et de croissance des ventes comparables.
Ulta Beauty (NASDAQ: ULTA) hat seine Ergebnisse für das zweite Quartal des Geschäftsjahres 2024 veröffentlicht, mit Nettoumsätzen von 2,6 Milliarden USD, was einem Anstieg von 0,9% im Vergleich zum Vorjahr entspricht. Allerdings sank der vergleichbare Umsatz um 1,2% im Vergleich zu einem Anstieg von 8,0% im zweiten Quartal 2023. Der Nettoertrag des Unternehmens betrug 252,6 Millionen USD, also 5,30 USD pro verwässerter Aktie, ein Rückgang von 300,1 Millionen USD bzw. 6,02 USD pro Aktie im gleichen Zeitraum des Vorjahres. Die Bruttogewinnmarge sank von 39,3% auf 38,3%, während die SG&A-Ausgaben auf 25,3% des Nettoumsatzes anstiegen. Trotz der Herausforderungen eröffnete Ulta Beauty 17 neue Geschäfte und kaufte 549.852 Aktien zurück. Das Unternehmen hat seine Prognose für das Geschäftsjahr 2024 aktualisiert und die Erwartungen an das Wachstum des Nettoumsatzes und des vergleichbaren Umsatzes gesenkt.
- Net sales increased 0.9% to $2.6 billion
- Opened 17 new stores during Q2
- Repurchased 549,852 shares at a cost of $212.3 million
- Maintained strong cash position with $414.0 million in cash and cash equivalents
- Comparable sales decreased 1.2% compared to 8.0% growth in Q2 2023
- Net income decreased to $252.6 million from $300.1 million year-over-year
- Gross profit margin declined to 38.3% from 39.3%
- SG&A expenses increased to 25.3% of net sales from 23.7%
- Updated fiscal 2024 outlook with lower expectations for net sales and comparable sales growth
Insights
Ulta Beauty's Q2 fiscal 2024 results reveal a mixed performance. While net sales increased by
The operating margin saw a significant drop to
Ulta Beauty's Q2 results highlight shifting consumer behavior in the beauty sector. The
The company's focus on new store openings and remodels shows a commitment to physical retail, which could be a double-edged sword in the current market. While it expands Ulta's footprint, it also increases fixed costs, potentially impacting profitability if sales don't keep pace. The
Ulta Beauty's Q2 performance reflects the broader challenges facing the retail sector. The company's strategy of expanding its store network (16 net new stores in Q2) amidst declining comparable sales (-
The increase in SG&A expenses to
Net Sales of
Comparable Sales Decreased
Net Income of
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13 Weeks Ended |
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26 Weeks Ended |
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August 3, |
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July 29, |
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August 3, |
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July 29, |
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(Dollars in millions, except per share data) |
2024 |
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2023 |
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2024 |
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2023 |
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Net sales |
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$ |
2,552.1 |
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$ |
2,529.8 |
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$ |
5,277.9 |
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$ |
5,164.1 |
Comparable sales (1) |
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( |
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Gross profit (as a percentage of net sales) |
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Selling, general and administrative expenses |
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$ |
644.8 |
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$ |
600.7 |
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$ |
1,310.7 |
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$ |
1,212.8 |
Operating income (as a percentage of net sales) |
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Diluted earnings per share |
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$ |
5.30 |
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$ |
6.02 |
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$ |
11.78 |
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$ |
12.90 |
New store openings, net |
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16 |
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3 |
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26 |
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7 |
_____________ | |||||||||||||
(1) Comparable sales are calculated based on the comparable 13 and 26 calendar weeks in the current and prior year. |
“While we are encouraged by many positive indicators across our business, our second quarter performance did not meet our expectations, driven primarily by a decline in comparable store sales. We are clear about the factors that adversely impacted our store performance, and we have actions underway to address the trends,” said Dave Kimbell, chief executive officer. “We are focused on driving stronger sales and traffic and continuing to exercise financial discipline. In light of our first half trends and a more cautious outlook, we have updated our full year expectations. I remain confident in the power of our differentiated model, the strength of our financial foundation, and our ability to deliver value for our shareholders over the long term.”
Second Quarter of Fiscal 2024 Compared to Second Quarter of Fiscal 2023
-
Net sales increased
0.9% to compared to$2.6 billion , primarily due to new store contribution and growth in other revenue.$2.5 billion -
Comparable sales (sales for stores open at least 14 months and e-commerce sales) decreased
1.2% compared to an increase of8.0% , driven by a1.8% decrease in transactions and a0.6% increase in average ticket. -
Gross profit was
compared to$978.2 million . As a percentage of net sales, gross profit decreased to$993.6 million 38.3% compared to39.3% , primarily due to lower merchandise margins and deleverage of store fixed costs, partially offset by growth in other revenue and lower inventory shrink. -
Selling, general and administrative (SG&A) expenses were
compared to$644.8 million . As a percentage of net sales, SG&A expenses increased to$600.7 million 25.3% compared to23.7% , primarily due to deleverage of store payroll and benefits, corporate overhead primarily due to strategic investments, store expenses, and marketing expenses, partially offset by lower incentive compensation. -
Operating income was
, or$329.2 million 12.9% of net sales, compared to , or$391.6 million 15.5% of net sales. -
The tax rate was
24.3% compared to24.2% . -
Net income was
compared to$252.6 million .$300.1 million -
Diluted earnings per share was
compared to$5.30 .$6.02
First Six Months of Fiscal 2024 Compared to First Six Months of Fiscal 2023
-
Net sales increased
2.2% to compared to$5.3 billion , primarily due to new store contribution and growth in other revenue.$5.2 billion -
Comparable sales increased
0.2% compared to an increase of8.7% , driven by a0.4% increase in average ticket and a0.2% decrease in transactions. -
Gross profit was flat at
. As a percentage of net sales, gross profit decreased to$2.0 billion 38.8% compared to39.7% , primarily due to lower merchandise margin and deleverage of store fixed costs, partially offset by growth in other revenue. -
SG&A expenses were
compared to$1.3 billion . As a percentage of net sales, SG&A expenses increased to$1.2 billion 24.8% compared to23.5% , primarily due to deleverage of corporate overhead primarily due to strategic investments, store payroll and benefits, store expenses, and marketing expenses, partially offset by lower incentive compensation. -
Operating income was
, or$730.1 million 13.8% of net sales, compared to , or$833.7 million 16.1% of net sales. -
The tax rate was
23.7% compared to23.5% . -
Net income was
compared to$565.7 million .$647.2 million -
Diluted earnings per share was
, including a$11.78 benefit due to income tax accounting for stock-based compensation, compared to$0.10 , including a$12.90 benefit due to income tax accounting for stock-based compensation.$0.14
Balance Sheet
Cash and cash equivalents at the end of the second quarter of fiscal 2024 totaled
Merchandise inventories, net at the end of the second quarter of fiscal 2024 increased
Share Repurchase Program
During the second quarter of fiscal 2024, the Company repurchased 549,852 shares of its common stock at a cost of
Store Update
During the second quarter of fiscal 2024, the Company opened 17 new stores, relocated one store, remodeled nine stores, and closed one store. During the first six months of fiscal 2024, the Company opened 29 new stores, relocated two stores, remodeled nine stores, and closed three stores. At the end of the second quarter of fiscal 2024, the Company operated 1,411 stores totaling 14.8 million square feet.
Fiscal 2024 Outlook
For fiscal 2024, the Company plans to:
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Prior FY24 Outlook |
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Updated FY24 Outlook |
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Net sales |
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Comparable sales |
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( |
New stores, net |
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60-65 |
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no change |
Remodel and relocation projects |
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40-45 |
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no change |
Operating margin |
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Diluted earnings per share |
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Share repurchases |
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approximately |
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no change |
Interest income |
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approximately |
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no change |
Effective tax rate |
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approximately |
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no change |
Capital expenditures |
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Depreciation and amortization expense |
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Conference Call Information
A conference call to discuss second quarter of fiscal 2024 results is scheduled for today, August 29, 2024 at 4:30 p.m. ET / 3:30 p.m. CT. Investors and analysts who are interested in participating in the call are invited to dial (877) 704-4453. Participants may also listen to a real-time audio webcast of the conference call by visiting the Investor Relations section of the Company’s website located at https://www.ulta.com/investor. A replay will be made available online approximately two hours following the live call for a period of 30 days.
About Ulta Beauty
At Ulta Beauty (NASDAQ: ULTA), the possibilities are beautiful. Ulta Beauty is the largest specialty
Forward‑Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which reflect the Company’s current views with respect to, among other things, future events and financial performance. These statements can be identified by the use of forward-looking words such as “outlook,” “believes,” “expects,” “plans,” “estimates,” “targets,” “strategies” or other comparable words. Any forward-looking statements contained in this press release are based upon the Company’s historical performance and on current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by the Company or any other person that the future plans, estimates, targets, strategies or expectations contemplated by the Company will be achieved. Such forward-looking statements are subject to various risks and uncertainties, which include, without limitation:
- macroeconomic conditions, including inflation, elevated interest rates and recessionary concerns, as well as continuing labor cost pressures, and transportation and shipping cost pressures, have had, and may continue to have, a negative impact on our business, financial condition, profitability, and cash flows (including future uncertain impacts);
- changes in the overall level of consumer spending and volatility in the economy, including as a result of macroeconomic conditions and geopolitical events;
- our ability to sustain our growth plans and successfully implement our long-range strategic and financial plan;
- the ability to execute our operational excellence priorities, including continuous improvement, Project SOAR (the replacement of our enterprise resource planning platform), and supply chain optimization;
- our ability to gauge beauty trends and react to changing consumer preferences in a timely manner;
- the possibility that we may be unable to compete effectively in our highly competitive markets;
- the possibility of significant interruptions in the operations of our distribution centers, fast fulfillment centers, and market fulfillment centers;
- the possibility that cybersecurity or information security breaches and other disruptions could compromise our information or result in the unauthorized disclosure of confidential information;
- the possibility of material disruptions to our information systems, including our Ulta.com website and mobile applications;
- the failure to maintain satisfactory compliance with applicable privacy and data protection laws and regulations;
- changes in the good relationships we have with our brand partners, our ability to continue to obtain sufficient merchandise from our brand partners, and/or our ability to continue to offer permanent or temporary exclusive products of our brand partners;
- our ability to effectively manage our inventory and protect against inventory shrink;
- changes in the wholesale cost of our products and/or interruptions at our brand partners’ or third-party vendors’ operations;
- epidemics, pandemics or natural disasters, which could negatively impact sales;
- the possibility that new store openings and existing locations may be impacted by developer or co-tenant issues;
- our ability to attract and retain key executive personnel;
- the impact of climate change on our business operations and/or supply chain;
- our ability to successfully execute our common stock repurchase program or implement future common stock repurchase programs;
- a decline in operating results which could lead to asset impairment and store closure charges; and
- other risk factors detailed in the Company’s public filings with the Securities and Exchange Commission (the SEC), including risk factors contained in its Annual Report on Form 10‑K for the fiscal year ended February 3, 2024, as such may be amended or supplemented in its subsequently filed Quarterly Reports on Form 10-Q.
The Company’s filings with the SEC are available at www.sec.gov. Except to the extent required by the federal securities laws, the Company does not undertake to publicly update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Exhibit 1 |
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Ulta Beauty, Inc. |
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Consolidated Statements of Income |
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(In thousands, except per share data) |
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13 Weeks Ended |
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August 3, |
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July 29, |
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2024 |
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2023 |
||||||||||
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(Unaudited) |
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(Unaudited) |
||||||||||
Net sales |
|
$ |
2,552,087 |
|
|
100.0 |
% |
|
$ |
2,529,809 |
|
|
100.0 |
% |
Cost of sales |
|
|
1,573,910 |
|
|
61.7 |
% |
|
|
1,536,197 |
|
|
60.7 |
% |
Gross profit |
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|
978,177 |
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|
38.3 |
% |
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|
993,612 |
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|
39.3 |
% |
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|
|
|
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||||
Selling, general and administrative expenses |
|
|
644,821 |
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25.3 |
% |
|
|
600,692 |
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|
23.7 |
% |
Pre-opening expenses |
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4,155 |
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0.2 |
% |
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|
1,278 |
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0.1 |
% |
Operating income |
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329,201 |
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12.9 |
% |
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391,642 |
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15.5 |
% |
Interest income, net |
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(4,526 |
) |
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(0.2 |
%) |
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(4,449 |
) |
|
(0.2 |
%) |
Income before income taxes |
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333,727 |
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13.1 |
% |
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396,091 |
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15.7 |
% |
Income tax expense |
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81,171 |
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3.2 |
% |
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|
95,989 |
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3.8 |
% |
Net income |
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$ |
252,556 |
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|
9.9 |
% |
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$ |
300,102 |
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11.9 |
% |
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Net income per common share: |
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Basic |
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$ |
5.32 |
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$ |
6.05 |
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Diluted |
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$ |
5.30 |
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$ |
6.02 |
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Weighted average common shares outstanding: |
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Basic |
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47,505 |
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49,617 |
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Diluted |
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47,667 |
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49,849 |
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Exhibit 2 |
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Ulta Beauty, Inc. |
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Consolidated Statements of Income |
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(In thousands, except per share data) |
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26 Weeks Ended |
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August 3, |
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July 29, |
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2024 |
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2023 |
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(Unaudited) |
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(Unaudited) |
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Net sales |
|
$ |
5,277,935 |
|
|
100.0 |
% |
|
$ |
5,164,072 |
|
|
100.0 |
% |
Cost of sales |
|
|
3,229,978 |
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|
61.2 |
% |
|
|
3,115,603 |
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|
60.3 |
% |
Gross profit |
|
|
2,047,957 |
|
|
38.8 |
% |
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|
2,048,469 |
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|
39.7 |
% |
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Selling, general and administrative expenses |
|
|
1,310,734 |
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|
24.8 |
% |
|
|
1,212,821 |
|
|
23.5 |
% |
Pre-opening expenses |
|
|
7,074 |
|
|
0.1 |
% |
|
|
1,936 |
|
|
0.0 |
% |
Operating income |
|
|
730,149 |
|
|
13.8 |
% |
|
|
833,712 |
|
|
16.1 |
% |
Interest income, net |
|
|
(11,426 |
) |
|
(0.2 |
%) |
|
|
(11,797 |
) |
|
(0.2 |
%) |
Income before income taxes |
|
|
741,575 |
|
|
14.1 |
% |
|
|
845,509 |
|
|
16.4 |
% |
Income tax expense |
|
|
175,906 |
|
|
3.3 |
% |
|
|
198,356 |
|
|
3.8 |
% |
Net income |
|
$ |
565,669 |
|
|
10.7 |
% |
|
$ |
647,153 |
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|
12.5 |
% |
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Net income per common share: |
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Basic |
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$ |
11.83 |
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$ |
12.97 |
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Diluted |
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$ |
11.78 |
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$ |
12.90 |
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Weighted average common shares outstanding: |
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||||
Basic |
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|
47,815 |
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|
49,885 |
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Diluted |
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|
48,022 |
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|
|
|
|
50,157 |
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Exhibit 3 |
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Ulta Beauty, Inc. |
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Condensed Consolidated Balance Sheets |
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(In thousands) |
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August 3, |
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February 3, |
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July 29, |
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2024 |
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2024 |
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2023 |
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(Unaudited) |
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(Unaudited) |
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Assets |
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Current assets: |
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Cash and cash equivalents |
|
$ |
413,962 |
|
$ |
766,594 |
|
$ |
388,627 |
Receivables, net |
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|
200,863 |
|
|
207,939 |
|
|
174,444 |
Merchandise inventories, net |
|
|
1,998,286 |
|
|
1,742,136 |
|
|
1,815,539 |
Prepaid expenses and other current assets |
|
|
132,023 |
|
|
115,598 |
|
|
110,524 |
Prepaid income taxes |
|
|
53,607 |
|
|
4,251 |
|
|
30,114 |
Total current assets |
|
|
2,798,741 |
|
|
2,836,518 |
|
|
2,519,248 |
|
|
|
|
|
|
|
|
|
|
Property and equipment, net |
|
|
1,225,850 |
|
|
1,182,335 |
|
|
1,073,144 |
Operating lease assets |
|
|
1,599,735 |
|
|
1,574,530 |
|
|
1,549,146 |
Goodwill |
|
|
10,870 |
|
|
10,870 |
|
|
10,870 |
Other intangible assets, net |
|
|
357 |
|
|
510 |
|
|
718 |
Deferred compensation plan assets |
|
|
46,280 |
|
|
43,516 |
|
|
40,087 |
Other long-term assets |
|
|
55,575 |
|
|
58,732 |
|
|
55,547 |
Total assets |
|
$ |
5,737,408 |
|
$ |
5,707,011 |
|
$ |
5,248,760 |
|
|
|
|
|
|
|
|
|
|
Liabilities and stockholders’ equity |
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
566,904 |
|
$ |
544,001 |
|
$ |
521,315 |
Accrued liabilities |
|
|
348,042 |
|
|
382,468 |
|
|
328,247 |
Deferred revenue |
|
|
394,987 |
|
|
436,591 |
|
|
354,253 |
Current operating lease liabilities |
|
|
281,301 |
|
|
283,821 |
|
|
287,359 |
Accrued income taxes |
|
|
— |
|
|
11,310 |
|
|
— |
Total current liabilities |
|
|
1,591,234 |
|
|
1,658,191 |
|
|
1,491,174 |
|
|
|
|
|
|
|
|
|
|
Non-current operating lease liabilities |
|
|
1,647,698 |
|
|
1,627,271 |
|
|
1,593,040 |
Deferred income taxes |
|
|
88,461 |
|
|
85,921 |
|
|
56,012 |
Other long-term liabilities |
|
|
61,855 |
|
|
56,300 |
|
|
56,657 |
Total liabilities |
|
|
3,389,248 |
|
|
3,427,683 |
|
|
3,196,883 |
|
|
|
|
|
|
|
|
|
|
Commitments and contingencies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total stockholders’ equity |
|
|
2,348,160 |
|
|
2,279,328 |
|
|
2,051,877 |
Total liabilities and stockholders’ equity |
|
$ |
5,737,408 |
|
$ |
5,707,011 |
|
$ |
5,248,760 |
Exhibit 4 |
||||||||
Ulta Beauty, Inc. |
||||||||
Condensed Consolidated Statements of Cash Flows |
||||||||
(In thousands) |
||||||||
|
|
|
|
|
|
|
||
|
|
26 Weeks Ended |
||||||
|
|
August 3, |
|
July 29, |
||||
|
|
2024 |
|
2023 |
||||
|
|
(Unaudited) |
|
(Unaudited) |
||||
Operating activities |
|
|
|
|
|
|
||
Net income |
|
$ |
565,669 |
|
|
$ |
647,153 |
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
|
||
Depreciation and amortization |
|
|
130,053 |
|
|
|
119,862 |
|
Non-cash lease expense |
|
|
163,481 |
|
|
|
152,867 |
|
Deferred income taxes |
|
|
2,540 |
|
|
|
666 |
|
Stock-based compensation expense |
|
|
19,272 |
|
|
|
21,539 |
|
Loss on disposal of property and equipment |
|
|
5,204 |
|
|
|
3,878 |
|
Change in operating assets and liabilities: |
|
|
|
|
|
|
||
Receivables |
|
|
7,076 |
|
|
|
24,978 |
|
Merchandise inventories |
|
|
(256,150 |
) |
|
|
(212,088 |
) |
Prepaid expenses and other current assets |
|
|
(16,425 |
) |
|
|
19,722 |
|
Income taxes |
|
|
(60,666 |
) |
|
|
8,194 |
|
Accounts payable |
|
|
29,715 |
|
|
|
(38,752 |
) |
Accrued liabilities |
|
|
(33,634 |
) |
|
|
(102,763 |
) |
Deferred revenue |
|
|
(41,604 |
) |
|
|
(40,424 |
) |
Operating lease liabilities |
|
|
(170,779 |
) |
|
|
(163,527 |
) |
Other assets and liabilities |
|
|
15,127 |
|
|
|
(12,497 |
) |
Net cash provided by operating activities |
|
|
358,879 |
|
|
|
428,808 |
|
|
|
|
|
|
|
|
||
Investing activities |
|
|
|
|
|
|
||
Capital expenditures |
|
|
(186,301 |
) |
|
|
(204,748 |
) |
Other investments |
|
|
(5,091 |
) |
|
|
(1,687 |
) |
Net cash used in investing activities |
|
|
(191,392 |
) |
|
|
(206,435 |
) |
|
|
|
|
|
|
|
||
Financing activities |
|
|
|
|
|
|
||
Repurchase of common shares |
|
|
(501,768 |
) |
|
|
(559,011 |
) |
Stock options exercised |
|
|
9,196 |
|
|
|
9,147 |
|
Purchase of treasury shares |
|
|
(23,459 |
) |
|
|
(21,759 |
) |
Debt issuance costs |
|
|
(4,088 |
) |
|
|
— |
|
Net cash used in financing activities |
|
|
(520,119 |
) |
|
|
(571,623 |
) |
|
|
|
|
|
|
|
||
Net decrease in cash and cash equivalents |
|
|
(352,632 |
) |
|
|
(349,250 |
) |
Cash and cash equivalents at beginning of period |
|
|
766,594 |
|
|
|
737,877 |
|
Cash and cash equivalents at end of period |
|
$ |
413,962 |
|
|
$ |
388,627 |
|
Exhibit 5 |
||||||||
Ulta Beauty, Inc. |
||||||||
Store Update |
||||||||
|
|
|
|
|
|
|
|
|
|
|
Total stores open |
|
Number of stores |
|
Number of stores |
|
Total stores |
|
|
at beginning of the |
|
opened during the |
|
closed during the |
|
open at |
Fiscal 2024 |
|
quarter |
|
quarter |
|
quarter |
|
end of the quarter |
1st Quarter |
|
1,385 |
|
12 |
|
2 |
|
1,395 |
2nd Quarter |
|
1,395 |
|
17 |
|
1 |
|
1,411 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross square feet for |
|
|
|
|
|
|
Total gross square |
|
stores opened or |
|
Gross square feet for |
|
Total gross square |
|
|
feet at beginning of |
|
expanded during the |
|
stores closed |
|
feet at end of the |
Fiscal 2024 |
|
the quarter |
|
quarter |
|
during the quarter |
|
quarter |
1st Quarter |
|
14,515,593 |
|
114,786 |
|
15,615 |
|
14,614,764 |
2nd Quarter |
|
14,614,764 |
|
178,624 |
|
10,800 |
|
14,782,588 |
Exhibit 6 |
||||
Ulta Beauty, Inc. |
||||
Sales by Category |
||||
|
||||
The following tables set forth the approximate percentage of net sales by primary category: |
||||
|
|
|
|
|
|
|
13 Weeks Ended |
||
|
|
August 3, |
|
July 29, |
|
2024 |
|
2023 |
|
Cosmetics |
|
|
|
|
Skincare |
|
|
|
|
Haircare |
|
|
|
|
Fragrance |
|
|
|
|
Services |
|
|
|
|
Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26 Weeks Ended |
||
|
|
August 3, |
|
July 29, |
|
|
2024 |
|
2023 |
Cosmetics |
|
|
|
|
Skincare |
|
|
|
|
Haircare |
|
|
|
|
Fragrance |
|
|
|
|
Services |
|
|
|
|
Other |
|
|
|
|
|
|
|
|
|
Certain sales departments were reclassified between categories in the prior year to conform to current year presentation, including moving the bath category from Fragrance to Skincare.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240829270411/en/
Investor Contact:
Kiley Rawlins, CFA
Vice President, Investor Relations
krawlins@ulta.com
Media Contact:
Crystal Carroll
Senior Director, Public Relations
ccarroll@ulta.com
Source: Ulta Beauty, Inc.
FAQ
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