Ulta Beauty Inc
- Ulta Beauty dropped 7.6% to $522.0 after the cosmetic retailer estimated a lower-than-expected full-year sales outlook.
Net sales in the fourth quarter ending on February 3 increased 10.2% to $3.6 billion from $3.2 billion, net income advanced to $394.4 million from $340.7 million, and diluted earnings per share rose to $8.08 from $6.68 a year ago.
The fourth quarter included one extra week compared to a year ago because of the calendar shift.
Calendar-adjusted comparable store sales in the quarter slowed sharply to 2.5% from 15.6% in the period a year ago.
During the fourth quarter, the retailer repurchased 352,005 shares of its common stock at a cost of $159.5 million, and in fiscal 2023, the company repurchased 2.2 million shares of its common stock at a cost of $1.0 billion.
As of February 3, 2024, $99.9 million remained available under the $2 billion share repurchase program announced in March 2022.
On March 12, 2024, the company’s board of directors approved a new share repurchase authorization of $2 billion, replacing the current program in place since March 2022.
The company estimated fiscal 2024 sales to range between $11.7 billion and $11.8 billion, an annual increase between 4% and 5%.
The retailer estimated diluted earnings per share in the fiscal year 2024 to fall between $26.20 and $27.0, based on opening net new stores between 60 and 65 and operating margins between 14.0% and 14.3%.
Mar 15, 2024 - Ulta Beauty soared 11.4% to $474.48 after the company reported strong third-quarter results and tightened its full-year revenue outlook.
Revenue in the third quarter ending in October increased to $2.5 billion from $2.3 billion, comparable store sales growth plunged to 4.5% from 14.6%, and the company opened a net of 12 new stores compared to 18 a year ago.
Net income decreased to $249.5 million from $274.5 million, and diluted earnings per share fell to $5.07 from $5.34 a year ago.
The company estimated a full-year revenue range between $11.10 billion and $11.15 billion, up from the previous estimate between $11.05 billion and $11.15 billion.
The company reiterated its net new store opening estimate between 25 and 30, and its diluted earnings per share estimate was revised to a new range between $25.20 and $25.60 from the previous estimate between $25.10 and $25.60.
Comparable sales are estimated to fall between 5.0% and 5.5% from the previous estimate between 4.5% and 5.5%.
Dec 1, 2023 - Ulta Beauty Inc decreased 3.3% to $408.79 after the specialty retailer reported a decline in comparable sales and mixed quarterly results.
Comparable sales (at stores opened at least 14 months and e-commerce sales) slowed to 8% in the quarter from 14.4% and the company opened net new 3 store compared to 7 in the year ago period.
Net sales in the quarter ending in July increased 10.1% to $2.5 billion from $2.3 billion and net income increased $300.1 million from $295.6 million and diluted earnings per share $6.02 from $5.5.70 a year ago.
During the second quarter of fiscal 2023, the company repurchased 593,629 shares of its common stock at a cost of $275.5 million.
In the first six months of fiscal 2023, the company repurchased 1.1 million shares of its common stock at a cost of $559.0 million.
As of July 29,, $541 million remained available under the $2 billion share repurchase program announced in March 2022.
At the end of the second quarter, the company operated 1,362 stores totaling 14.3 million square feet.
The company revised higher its fiscal year 2023 sales outlook to between $11.05 billion and $11.15 billon from $11.0 billion and $11.1 billion and comparable sales to increase between 4.5% and 5.5% from the previous range between 4% and 5%.
Aug 25, 2023 - Ulta Beauty plunged 11.3% to $431.17 despite the company reporting higher revenue and earnings in the first quarter.
Net sales in the first quarter increased 12.3% to $2.6 billion from $2.3 billion and comparable sales slowed to 9.1% from 18.0% a year ago. Net income increased to $347.1 million from $331.4 million and diluted earnings per share rose to $6.88 from $6.30 a year ago.
The retailer lifted its full year sales outlook slightly and reiterated its earnings per share.
Full year 2023 sales range was revised higher to $11.0 billion from $11.1 billion from the previous range between $10.95 and $11.05 billion. The company reiterated its comparable sales growth range between 4% and 5% and diluted earnings per share between $24.70 and $25.40.
May 26, 2023
| Year | May | Aug | Nov | Feb | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 6.67 | 6.88 | 6.02 | 5.07 | - | |
| 2022 | 5.38 | 6.3 | 5.7 | 5.34 | 24.01 | |
| 2021 | 3.04 | 4.1 | 4.56 | 3.94 | 17.98 | |
| 2020 | 3.88 | -1.39 | 0.14 | 1.32 | 3.11 | |
| 2019 | 3.6 | 3.26 | 2.76 | 2.25 | 12.15 | |
| 2018 | 3.38 | 2.7 | 2.46 | 2.18 | 10.94 | |
| 2017 | 2.24 | 1.91 | 1.83 | 1.70 | 7.68 | |
| 2016 | 1.69 | 1.45 | 1.43 | 1.40 | 5.97 | |
| 2015 | 1.35 | 1.04 | 1.15 | 1.11 | 4.65 | |
| 2014 | 0.77 | 0.94 | 0.91 | 1.10 | 3.15 | |
| 2013 | 0.65 | 0.70 | 0.70 | 1.01 | 2.68 | |
| 2012 | 0.54 | 0.54 | 0.59 | 0.73 | 1.9 | |
| 2011 | 0.37 | 0.38 | 0.42 | 0.48 | 1.16 | |
| 2010 | 0.23 | 0.22 | 0.23 | 0.34 | 0.66 | |
| 2009 | 0.08 | 0.10 | 0.14 | 0.21 | 0.43 | |
| 2008 | 0.07 | 0.06 | 0.09 | 0.56 | 0.48 | |
| 2007 | 0.10 | -0.23 | 0.05 | 0.00 | 0.45 | |
| 2006 | - | - | 0.00 | - | 0.33 |