ulta salon cosmetics & fragr (ULTA) Key Developments
ULTA Salon, Cosmetics & Fragrance, Inc. Presents at Jefferies 2015 Global Consumer Conference, Jun-24-2015 08:30 AM
Jun 18 15
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
Jun 18 15
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.
ULTA Salon, Cosmetics & Fragrance, Inc. Presents at William Blair’s 35th Annual Growth Stock Conference, Jun-09-2015 12:50 PM
Jun 8 15
ULTA Salon, Cosmetics & Fragrance, Inc. Presents at William Blair’s 35th Annual Growth Stock Conference, Jun-09-2015 12:50 PM. Venue: Four Seasons Hotel, Chicago, Illinois, United States.
Ulta Salon, Cosmetics & Fragrance, Inc. Plans to Open 100 New Stores and Remodel 4 Locations
May 28 15
ULTA Salon, Cosmetics & Fragrance, Inc. plans to expand square footage by approximately 13% with the opening of 100 net new stores and to remodel 4 locations.
ULTA Beauty Announces Unaudited Consolidated Earnings Results for the First Quarter Ended May 2, 2015; Provides Earnings Guidance for the Second Quarter of Fiscal Year 2015; Revises Earnings Guidance for the Fiscal Year 2015
May 28 15
ULTA Beauty announced unaudited consolidated earnings results for the first quarter ended May 2, 2015. For the quarter, the company reported operating income of USD 868,122,000 against USD 713,770,000 a year ago. Operating income was USD 107,582,000 against USD 80,881,000 a year ago. Income before income taxes was USD 107,893,000 against USD 81,081,000 a year ago. Net income was USD 66,946,000 against USD 49,953,000 a year ago. Diluted net income per common share was USD 1.04 against USD 0.77 a year ago. Net cash provided by operating activities was USD 68,292,000 against USD 73,693,000 a year ago. Purchases of property and equipment were USD 56,622,000 against USD 39,106,000 a year ago. The 11.4% same store sales increase was driven by 7.2% growth in transactions and 4.2% growth in average ticket. The company generated USD 12 million of free cash flow in the first quarter of fiscal 2015, compared to USD 35 million in the first quarter of fiscal 2014.
For the second quarter of fiscal 2015, the company currently expects net sales in the range of USD 854 million to USD 868 million, compared to actual net sales of USD 734.2 million in the second quarter of fiscal 2014. Comparable sales for the second quarter of 2015, including e-commerce sales, are expected to increase 7% to 9%. The company reported a comparable sales increase of 9.6% in the second quarter of 2014. Income per diluted share for the second quarter of fiscal 2015 is estimated to be in the range of USD 1.07 to USD 1.12. This compares to income per diluted share for the second quarter of fiscal 2014 of USD 0.94. The company expects a tax rate of 37.6% and a fully diluted share count of approximately USD 64.3 million.
The company is updating its previously announced fiscal 2015 guidance. The company plans to achieve comparable sales growth of approximately 7% to 9%, including the impact of the e-commerce business, compared to previous guidance of 6% to 8%; increase total sales in the mid to high teens percentage range; deliver earnings per share growth at the high end of its previous guidance of 15% to 17%, including planned supply chain and system investments, excluding the USD 0.02 non-recurring tax benefit in fourth quarter of 2014, and assuming continued share repurchases to offset dilution; and incur capital expenditures in the USD 300 million range in fiscal 2015, compared to USD 249 million in fiscal 2014. The company expects tax rate to be approximately 38%. The company expects to spend capital in the USD 300 million range and to generate free cash flow similar to last year's performance. Depreciation and amortization are expected to be USD 170 million for the full year.