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Last $158.09 USD
Change Today -0.91 / -0.57%
Volume 1.1M
ULTA On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

ulta salon cosmetics & fragr (ULTA) Key Developments

ULTA Beauty to Expand Square Footage

ULTA Beauty announced that the company plans to expand square footage by approximately 13% with the opening of 100 net new stores.

ULTA Salon, Cosmetics & Fragrance, Inc. Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended August 1, 2015; Provides Earnings Guidance for the Third Quarter of Fiscal 2015; Revises Earnings Guidance for the Fiscal Year 2015; Plans to Open 44 Stores in the Third Quarter of 2015

ULTA Beauty announced unaudited consolidated earnings results for second quarter and six months ended August 1, 2015. For the quarter, net sales were $876,999,000 against $734,236,000 a year ago. Operating income was $118,460,000 against $97,979,000 a year ago. Income before income taxes was $118,736,000 against $98,188,000 a year ago. Net income was $74,169,000 against $60,794,000 a year ago. Basic and diluted net income per common share was $1.15 against $0.94 a year ago. Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 10.1% compared to an increase of 9.6% in the second quarter of fiscal 2014. The 10.1% comparable sales increase was driven by 7.0% growth in transactions and 3.1% growth in average ticket. The total company comp was driven primarily by traffic strength, with transactions up 7% and ticket up 3.1%. Capital expenditures were $80.6 million for the quarter, driven by new store opening program, merchandise fixtures and supply chain and system investments. For the six months, net sales were $1,745,121,000 against $1,448,006,000 a year ago. Operating income was $226,042,000 against $178,860,000 a year ago. Income before income taxes was $226,629,000 against $179,269,000 a year ago. Net income was $141,115,000 against $110,747,000 a year ago. Diluted net income per common share was $2.19 against $1.71 a year ago. Net cash provided by operating activities was $125,696,000 against $133,228,000 a year ago. Purchases of property and equipment were $137,218,000 against $94,097,000 a year ago. Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 10.8% compared to an increase of 9.2% in the first six months of fiscal 2014. The 10.8% comparable sales increase was driven by 7.2% growth in transactions and 3.6% growth in average ticket; For the third quarter of fiscal 2015, the company currently expects net sales in the range of $869 million to $883 million, compared to actual net sales of $745.7 million in the third quarter of fiscal 2014. Comparable sales for the third quarter of 2015, including e-commerce sales, are expected to increase 8% to 10%. The Company reported a comparable sales increase of 9.5% in the third quarter of 2014. Income per diluted share for the third quarter of fiscal 2015 is estimated to be in the range of $1.00 to $1.05. The company anticipates a tax rate of 36.9%. The company is raising its previously announced fiscal 2015 guidance. The company now plans to achieve comparable sales growth of approximately 8% to 10%, including the impact of the e-commerce business, compared to previous guidance of 7% to 9%; increase total sales in the mid to high teens percentage range; expand square footage by approximately 13% with the opening of 100 net new stores; deliver earnings per share growth in the high teens, compared to previous guidance of the high end of the range of 15% to 17%. This includes planned supply chain and system investments, excluding the $0.02 non-recurring tax benefit in the fourth quarter of 2014, and assuming continued share repurchases to offset dilution; and incur capital expenditures in the $300 million range in fiscal 2015, compared to $249 million in fiscal 2014. Depreciation and amortization is expected to be about $170 million for the full year. The company expects tax rate to be approximately 38%. The company expects to open 44 stores in the third quarter versus 50 stores opened in third quarter of 2014.

ULTA Salon, Cosmetics & Fragrance, Inc., Q2 2016 Earnings Call, Aug 27, 2015

ULTA Salon, Cosmetics & Fragrance, Inc., Q2 2016 Earnings Call, Aug 27, 2015

ULTA Salon, Cosmetics & Fragrance, Inc. Presents at Jefferies 2015 Global Consumer Conference, Jun-24-2015 08:30 AM

ULTA Salon, Cosmetics & Fragrance, Inc. Presents at Jefferies 2015 Global Consumer Conference, Jun-24-2015 08:30 AM. Venue: White Elephant, Nantucket, Massachusetts, United States.

ULTA Salon, Cosmetics & Fragrance, Inc. Presents at Oppenheimer 15th Annual Global Consumer Conference, Jun-23-2015 09:45 AM

ULTA Salon, Cosmetics & Fragrance, Inc. Presents at Oppenheimer 15th Annual Global Consumer Conference, Jun-23-2015 09:45 AM. Venue: Four Seasons Hotel, 200 Boylston Street, Boston, Massachusetts, United States. Speakers: Mary N. Dillon, Chief Executive Officer and Director, Scott M. Settersten, Chief Financial Officer, Principal Accounting Officer and Assistant Secretary.

 

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Industry Analysis

ULTA

Industry Average

Valuation ULTA Industry Range
Price/Earnings 35.7x
Price/Sales 2.9x
Price/Book 7.6x
Price/Cash Flow 35.5x
TEV/Sales 2.8x
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