– моментальные уведомления о рынке акций
– моментальные уведомления о рынке акций
Net Sales of $2.3 Billion Compared to $1.9 Billion in the Year-Ago Quarter
Comparable Sales Increased 18.0%
Net Income of $331.4 Million or $6.30 Per Diluted Share
Company Raises Outlook for Fiscal Year 2022
BOLINGBROOK, Ill.--(BUSINESS WIRE)--Ulta Beauty, Inc. (NASDAQ: ULTA) today announced financial results for the first quarter ended April 30, 2022.
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13 Weeks Ended |
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April 30, |
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May 1, |
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May 2, |
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(Dollars in millions) |
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2022 |
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2021 |
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2020 |
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Net sales |
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$ |
2,345.9 |
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$ |
1,938.5 |
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$ |
1,173.2 |
Comparable sales |
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18.0% |
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65.9% |
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(35.3%) |
Gross profit (as a percentage of net sales) |
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40.1% |
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38.9% |
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25.9% |
Selling, general and administrative expenses |
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$ |
501.0 |
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$ |
443.9 |
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$ |
380.9 |
Operating income (loss) (as a percentage of net sales) |
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18.7% |
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15.8% |
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(8.7%) |
Diluted earnings (loss) per share |
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$ |
6.30 |
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$ |
4.10 |
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$ |
(1.39) |
New store openings, net |
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10 |
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26 |
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10 |
“The Ulta Beauty team delivered exceptional first quarter results, with better-than-expected sales and earnings growth, supported by double-digit comparable sales growth across all major categories,” said Dave Kimbell, chief executive officer. “Solid execution of our strategies, paired with strong guest demand, fueled our financial performance and continued market share gains as we delighted our guests with exciting brand launches within our one-of-a-kind assortment and differentiated guest experiences.”
For the First Quarter of Fiscal 2022
Cash and cash equivalents at the end of the first quarter of fiscal 2022 totaled $654.5 million.
Merchandise inventories, net at the end of first quarter of fiscal 2022 increased to $1.57 billion compared to $1.35 billion at the end of the first quarter of fiscal 2021. The increase reflects the addition of 28 net new stores, inventory to support new brand launches, and the acceleration of inventory receipts to support expected demand and mitigate anticipated global supply chain disruptions.
Share Repurchase Program
During the first quarter of fiscal 2022, the Company repurchased 331,834 shares of its common stock at a cost of $132.8 million. As of April 30, 2022, $1.87 billion remained available under the $2.0 billion share repurchase program announced in March 2022.
Real estate activity in the first quarter of fiscal 2022 included 10 new stores located in Cranston, RI; Las Vegas, NV; Meriden, CT; North Hollywood, CA; Prince Frederick, MD; Riverside, CA; Stephenville, TX; Vienna, VA; Warrenton,VA; and Woodbridge, NJ. In addition, the Company relocated six stores.
At the end of the first quarter of fiscal 2022, the Company operated 1,318 stores totaling 13.9 million square feet.
Fiscal 2022 Outlook
The Company has updated its outlook for fiscal 2022.
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Prior FY22 Outlook |
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Updated FY22 Outlook |
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Net sales |
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$9.05 billion to $9.15 billion |
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$9.35 billion to $9.55 billion |
Comparable sales |
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3% to 4% |
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6% to 8% |
New stores, net |
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50 |
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no change |
Remodel and relocation projects |
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35 |
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no change |
Operating margin |
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13.7% to 14.0% |
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14.1% to 14.4% |
Diluted earnings per share |
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$18.20 to $18.70 |
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$19.20 to $20.10 |
Share repurchases |
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approximately $900 million |
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no change |
Effective tax rate |
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approximately 24.5% |
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no change |
Capital expenditures |
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$375 million to $425 million |
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no change |
Depreciation and amortization expense |
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$250 million to $255 million |
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no change |
The Company’s outlook for fiscal 2022 assumes no material increases in the federal minimum wage.
Conference Call Information
A conference call to discuss first quarter of fiscal 2022 results is scheduled for today, May 26, 2022, at 4:30 p.m. Eastern Time / 3:30 p.m. Central Time. Investors and analysts interested in participating in the call are invited to dial (877) 704‑4453. The conference call will also be webcast live at https://www.ulta.com/investor. A replay of the webcast will remain available for 90 days. A replay of the conference call will be available until 11:59 p.m. ET on June 9, 2022 and can be accessed by dialing (844) 512‑2921 and entering conference ID number 13729192.
About Ulta Beauty
At Ulta Beauty (NASDAQ: ULTA), the possibilities are beautiful. Ulta Beauty is the largest U.S. beauty retailer and the premier beauty destination for cosmetics, fragrance, skin care products, hair care products and salon services. In 1990, the Company reinvented the beauty retail experience by offering a new way to shop for beauty – bringing together all things beauty, all in one place. Today, Ulta Beauty operates 1,318 retail stores across 50 states and also distributes its products through its website, which includes a collection of tips, tutorials, and social content. For more information, visit www.ulta.com.
Ulta Beauty was recently added to the Bloomberg Gender Equality Index, which tracks the financial performance of public companies committed to supporting gender equality through policy development, representation and transparency. More information about Ulta Beauty’s corporate responsibility efforts can be found at www.ulta.com/investor/ESG.
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:
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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April 30, |
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May 1, |
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2022 |
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2021 |
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(Unaudited) |
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(Unaudited) |
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Net sales |
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$ |
2,345,901 |
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100.0 |
% |
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$ |
1,938,519 |
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100.0 |
% |
Cost of sales |
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1,404,875 |
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59.9 |
% |
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1,184,731 |
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61.1 |
% |
Gross profit |
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941,026 |
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40.1 |
% |
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753,788 |
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38.9 |
% |
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Selling, general and administrative expenses |
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500,970 |
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21.4 |
% |
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443,875 |
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22.9 |
% |
Pre-opening expenses |
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2,348 |
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0.1 |
% |
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4,589 |
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0.2 |
% |
Operating income |
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437,708 |
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18.7 |
% |
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305,324 |
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15.8 |
% |
Interest expense, net |
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401 |
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0.0 |
% |
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358 |
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0.0 |
% |
Income before income taxes |
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437,307 |
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18.6 |
% |
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304,966 |
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15.8 |
% |
Income tax expense |
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105,912 |
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4.5 |
% |
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74,677 |
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3.9 |
% |
Net income |
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$ |
331,395 |
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14.1 |
% |
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$ |
230,289 |
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11.9 |
% |
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Net income per common share: |
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Basic |
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$ |
6.34 |
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$ |
4.13 |
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Diluted |
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$ |
6.30 |
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$ |
4.10 |
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Weighted average common shares outstanding: |
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Basic |
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52,250 |
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55,795 |
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Diluted |
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52,582 |
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56,172 |
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Exhibit 2 |
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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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April 30, |
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January 29, |
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May 1, |
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2022 |
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2022 |
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2021 |
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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 |
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$ |
654,486 |
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$ |
431,560 |
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$ |
947,456 |
Receivables, net |
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192,754 |
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233,682 |
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154,342 |
Merchandise inventories, net |
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1,570,552 |
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1,499,218 |
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1,353,565 |
Prepaid expenses and other current assets |
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114,075 |
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110,814 |
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108,393 |
Prepaid income taxes |
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— |
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5,909 |
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— |
Total current assets |
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2,531,867 |
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2,281,183 |
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2,563,756 |
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Property and equipment, net |
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909,543 |
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914,476 |
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960,440 |
Operating lease assets |
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1,488,040 |
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1,482,256 |
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1,487,616 |
Goodwill |
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10,870 |
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10,870 |
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10,870 |
Other intangible assets, net |
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1,307 |
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1,538 |
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2,233 |
Deferred compensation plan assets |
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35,978 |
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38,409 |
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34,279 |
Other long-term assets |
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34,431 |
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35,647 |
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28,350 |
Total assets |
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$ |
5,012,036 |
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$ |
4,764,379 |
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$ |
5,087,544 |
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Liabilities and stockholders’ equity |
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Current liabilities: |
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Accounts payable |
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$ |
585,500 |
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$ |
552,730 |
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$ |
552,837 |
Accrued liabilities |
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305,000 |
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364,797 |
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322,676 |
Deferred revenue |
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324,694 |
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353,579 |
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270,090 |
Current operating lease liabilities |
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276,440 |
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274,118 |
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263,200 |
Accrued income taxes |
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108,113 |
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12,786 |
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113,960 |
Total current liabilities |
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1,599,747 |
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1,558,010 |
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1,522,763 |
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Non-current operating lease liabilities |
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1,568,356 |
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1,572,638 |
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1,613,309 |
Deferred income taxes |
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|
40,702 |
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39,693 |
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|
66,483 |
Other long-term liabilities |
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|
57,611 |
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58,665 |
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|
40,272 |
Total liabilities |
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3,266,416 |
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3,229,006 |
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3,242,827 |
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Commitments and contingencies |
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Total stockholders’ equity |
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1,745,620 |
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1,535,373 |
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1,844,717 |
Total liabilities and stockholders’ equity |
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$ |
5,012,036 |
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$ |
4,764,379 |
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$ |
5,087,544 |
Exhibit 3 |
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Ulta Beauty, Inc. |
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Consolidated Statements of Cash Flows |
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(In thousands) |
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13 Weeks Ended |
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April 30, |
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May 1, |
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2022 |
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2021 |
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(Unaudited) |
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(Unaudited) |
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Operating activities |
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Net income |
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$ |
331,395 |
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$ |
230,289 |
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Adjustments to reconcile net income to net cash provided by operating activities: |
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Depreciation and amortization |
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|
62,839 |
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|
70,599 |
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Non-cash lease expense |
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|
72,192 |
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|
68,881 |
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Deferred income taxes |
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|
1,009 |
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|
|
1,124 |
|
Stock-based compensation expense |
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|
10,356 |
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|
8,978 |
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Loss on disposal of property and equipment |
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|
1,002 |
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|
1,089 |
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Change in operating assets and liabilities: |
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Receivables |
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40,928 |
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|
38,767 |
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Merchandise inventories |
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(71,334 |
) |
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|
(185,350 |
) |
Prepaid expenses and other current assets |
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(3,261 |
) |
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(991 |
) |
Income taxes |
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|
101,236 |
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|
71,431 |
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Accounts payable |
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42,586 |
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|
76,580 |
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Accrued liabilities |
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(57,214 |
) |
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|
23,209 |
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Deferred revenue |
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(28,885 |
) |
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(4,293 |
) |
Operating lease liabilities |
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(79,936 |
) |
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(72,175 |
) |
Other assets and liabilities |
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|
3,390 |
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|
1,929 |
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Net cash provided by operating activities |
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|
426,303 |
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|
330,067 |
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Investing activities |
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Capital expenditures |
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(71,076 |
) |
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(34,563 |
) |
Other investments |
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(797 |
) |
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— |
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Net cash used in investing activities |
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(71,873 |
) |
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(34,563 |
) |
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Financing activities |
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Repurchase of common shares |
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(132,834 |
) |
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(392,309 |
) |
Stock options exercised |
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6,502 |
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|
5,032 |
|
Purchase of treasury shares |
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(5,172 |
) |
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|
(6,766 |
) |
Net cash used in financing activities |
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(131,504 |
) |
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(394,043 |
) |
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Effect of exchange rate changes on cash and cash equivalents |
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— |
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(56 |
) |
Net increase (decrease) in cash and cash equivalents |
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222,926 |
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(98,595 |
) |
Cash and cash equivalents at beginning of period |
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|
431,560 |
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|
1,046,051 |
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Cash and cash equivalents at end of period |
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$ |
654,486 |
|
|
$ |
947,456 |
|
Exhibit 4 |
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Ulta Beauty, Inc. |
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Store Update |
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Total stores open |
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Number of stores |
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Number of stores |
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Total stores |
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at beginning of the |
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opened during the |
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closed during the |
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open at |
Fiscal 2022 |
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quarter |
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quarter |
|
quarter |
|
end of the quarter |
1st Quarter |
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1,308 |
|
10 |
|
0 |
|
1,318 |
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Gross square feet for |
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Total gross square |
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stores opened or |
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Gross square feet for |
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Total gross square |
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feet at beginning of |
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expanded during the |
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stores closed |
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feet at end of the |
Fiscal 2022 |
|
the quarter |
|
quarter |
|
during the quarter |
|
quarter |
1st Quarter |
|
13,770,438 |
|
90,905 |
|
0 |
|
13,861,343 |
Exhibit 5 |
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Ulta Beauty, Inc. |
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Sales by Category |
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The following table sets forth the approximate percentage of net sales by primary category: |
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13 Weeks Ended |
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April 30, |
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May 1, |
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|
2022 |
|
2021 |
|||
Cosmetics |
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44 |
% |
|
45 |
% |
Haircare products and styling tools |
|
20 |
% |
|
19 |
% |
Skincare |
|
18 |
% |
|
19 |
% |
Fragrance and bath |
|
12 |
% |
|
11 |
% |
Services |
|
3 |
% |
|
3 |
% |
Accessories and other |
|
3 |
% |
|
3 |
% |
|
|
100 |
% |
|
100 |
% |
Чистый объем продаж составил 2,3 миллиарда долларов по сравнению с 1,9 миллиарда долларов в предыдущем квартале
Сопоставимые Продажи Увеличились На 18,0%
Чистая прибыль составила $331,4 млн, или $6,30 на Разводненную акцию
Компания повысила прогноз на 2022 финансовый год
БОЛИНГБРУК, Иллинойс -(ДЕЛОВАЯ ПЕРЕПИСКА)-Ulta Beauty, Inc. (NASDAQ: ULTA) сегодня объявила финансовые результаты за первый квартал, закончившийся 30 апреля 2022 года.
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13 Weeks Ended |
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|
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April 30, |
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May 1, |
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May 2, |
|||
(Dollars in millions) |
|
2022 |
|
2021 |
|
2020 |
|||
Net sales |
|
$ |
2,345.9 |
|
$ |
1,938.5 |
|
$ |
1,173.2 |
Comparable sales |
|
|
18.0% |
|
|
65.9% |
|
|
(35.3%) |
Gross profit (as a percentage of net sales) |
|
|
40.1% |
|
|
38.9% |
|
|
25.9% |
Selling, general and administrative expenses |
|
$ |
501.0 |
|
$ |
443.9 |
|
$ |
380.9 |
Operating income (loss) (as a percentage of net sales) |
|
|
18.7% |
|
|
15.8% |
|
|
(8.7%) |
Diluted earnings (loss) per share |
|
$ |
6.30 |
|
$ |
4.10 |
|
$ |
(1.39) |
New store openings, net |
|
|
10 |
|
|
26 |
|
|
10 |
“Команда Ulta Beauty добилась исключительных результатов в первом квартале: продажи и прибыль выросли лучше, чем ожидалось, при поддержке двузначного сопоставимого роста продаж во всех основных категориях”, - сказал Дейв Кимбелл, главный исполнительный директор. “Уверенное выполнение наших стратегий в сочетании с высоким спросом со стороны гостей способствовало нашим финансовым показателям и дальнейшему увеличению доли рынка, поскольку мы радовали наших гостей захватывающими презентациями брендов в нашем единственном в своем роде ассортименте и дифференцированным обслуживанием гостей”.
За Первый квартал 2022 финансового года
Денежные средства и их эквиваленты на конец первого квартала 2022 финансового года составили 654,5 миллиона долларов.
Товарные запасы, чистые на конец первого квартала 2022 финансового года, увеличились до 1,57 миллиарда долларов по сравнению с 1,35 миллиарда долларов на конец первого квартала 2021 финансового года. Увеличение отражает добавление 28 новых магазинов, увеличение запасов для поддержки запуска новых брендов и ускорение поступления запасов для поддержки ожидаемого спроса и смягчения ожидаемых сбоев в глобальной цепочке поставок.
Программа обратного выкупа Акций
В течение первого квартала 2022 финансового года Компания выкупила 331 834 обыкновенных акций на сумму 132,8 миллиона долларов. По состоянию на 30 апреля 2022 года в рамках программы обратного выкупа акций на сумму 2,0 миллиарда долларов, объявленной в марте 2022 года, оставалось 1,87 миллиарда долларов.
Активность в сфере недвижимости в первом квартале 2022 финансового года включала 10 новых магазинов, расположенных в Крэнстоне, штат Вирджиния; Лас-Вегасе, Невада; Меридене, Коннектикут; Северном Голливуде, Калифорния; Принс-Фредерик, Мэриленд; Риверсайд, Калифорния; Стивенвилл, Техас; Вена, Вирджиния; Уоррентон, Вирджиния; и Вудбридж, Нью-Джерси. Кроме того, Компания переместила шесть магазинов.
В конце первого квартала 2022 финансового года Компания управляла 1318 магазинами общей площадью 13,9 миллиона квадратных футов.
Прогноз на 2022 финансовый год
Компания обновила свой прогноз на 2022 финансовый год.
|
|
|
|
|
|
|
Prior FY22 Outlook |
|
Updated FY22 Outlook |
||
Net sales |
|
|
$9.05 billion to $9.15 billion |
|
$9.35 billion to $9.55 billion |
Comparable sales |
|
|
3% to 4% |
|
6% to 8% |
New stores, net |
|
|
50 |
|
no change |
Remodel and relocation projects |
|
|
35 |
|
no change |
Operating margin |
|
|
13.7% to 14.0% |
|
14.1% to 14.4% |
Diluted earnings per share |
|
|
$18.20 to $18.70 |
|
$19.20 to $20.10 |
Share repurchases |
|
|
approximately $900 million |
|
no change |
Effective tax rate |
|
|
approximately 24.5% |
|
no change |
Capital expenditures |
|
|
$375 million to $425 million |
|
no change |
Depreciation and amortization expense |
|
|
$250 million to $255 million |
|
no change |
Прогноз Компании на 2022 финансовый год не предполагает существенного увеличения федеральной минимальной заработной платы.
Информация о конференц-звонке
Селекторное совещание для обсуждения результатов первого квартала 2022 финансового года запланировано на сегодня, 26 мая 2022 года, в 16:30 по восточному времени / 3:30 по центральному времени. Инвесторам и аналитикам, заинтересованным в участии в конкурсе, предлагается набрать (877) 704-4453. Селекторное совещание также будет транслироваться в прямом эфире по адресу https://www.ulta.com/investor . Повтор веб-трансляции будет доступен в течение 90 дней. Повтор конференц-звонка будет доступен до 11:59 вечера по восточному времени 9 июня 2022 года, и к нему можно получить доступ, набрав (844) 512-2921 и введя идентификационный номер конференции 13729192.
О Ulta Beauty
В Ulta Beauty (NASDAQ: ULTA) открываются прекрасные возможности. Ulta Beauty - крупнейший в США розничный торговец косметикой и ведущий поставщик косметики, парфюмерии, средств по уходу за кожей, средств по уходу за волосами и салонных услуг. В 1990 году компания переосмыслила розничную торговлю косметикой, предложив новый способ покупки товаров для красоты – объединить все товары для красоты в одном месте. Сегодня Ulta Beauty управляет 1318 розничными магазинами в 50 штатах, а также распространяет свою продукцию через свой веб-сайт, который включает в себя коллекцию советов, учебных пособий и социального контента. Для получения дополнительной информации посетите www.ulta.com .
Ulta Beauty недавно был добавлен в Индекс гендерного равенства Bloomberg, который отслеживает финансовые показатели публичных компаний, приверженных поддержке гендерного равенства посредством разработки политики, представительства и прозрачности. Более подробную информацию об усилиях Ulta Beauty по обеспечению корпоративной ответственности можно найти по адресу www.ulta.com/investor/ESG .
Прогнозные заявления
Настоящий пресс-релиз содержит прогнозные заявления по смыслу Раздела 21E Закона о биржах ценных бумаг 1934 года с внесенными в него поправками и положений о безопасной гавани Закона о реформе судебных разбирательств по частным ценным бумагам 1995 года, которые отражают текущие взгляды компании в отношении, среди прочего, будущих событий и финансовых показателей. Эти заявления могут быть идентифицированы с помощью прогнозных слов, таких как “прогноз”, “полагает”, “ожидает”, “планы”, “оценки”, “цели”, “стратегии” или других сопоставимых слов. Любые прогнозные заявления, содержащиеся в настоящем пресс-релизе, основаны на исторических результатах деятельности компании, а также на текущих планах, оценках и ожиданиях. Включение этой прогнозной информации не должно рассматриваться как заявление компании или любого другого лица о том, что будущие планы, оценки, цели, стратегии или ожидания, предусмотренные компанией, будут достигнуты. Такие прогнозные заявления подвержены различным рискам и неопределенностям, которые включают, помимо прочего:
С документами компании, поданными в SEC, можно ознакомиться по адресу www.sec.gov . За исключением случаев, предусмотренных федеральным законодательством о ценных бумагах, Компания не обязуется публично обновлять или пересматривать свои прогнозные заявления, будь то в результате новой информации, будущих событий или иным образом.
Exhibit 1 |
||||||||||||
Ulta Beauty, Inc. |
||||||||||||
Consolidated Statements of Income |
||||||||||||
(In thousands, except per share data) |
||||||||||||
|
||||||||||||
|
|
13 Weeks Ended |
||||||||||
|
|
April 30, |
|
May 1, |
||||||||
|
|
2022 |
|
2021 |
||||||||
|
|
(Unaudited) |
|
(Unaudited) |
||||||||
Net sales |
|
$ |
2,345,901 |
|
100.0 |
% |
|
$ |
1,938,519 |
|
100.0 |
% |
Cost of sales |
|
|
1,404,875 |
|
59.9 |
% |
|
|
1,184,731 |
|
61.1 |
% |
Gross profit |
|
|
941,026 |
|
40.1 |
% |
|
|
753,788 |
|
38.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
||
Selling, general and administrative expenses |
|
|
500,970 |
|
21.4 |
% |
|
|
443,875 |
|
22.9 |
% |
Pre-opening expenses |
|
|
2,348 |
|
0.1 |
% |
|
|
4,589 |
|
0.2 |
% |
Operating income |
|
|
437,708 |
|
18.7 |
% |
|
|
305,324 |
|
15.8 |
% |
Interest expense, net |
|
|
401 |
|
0.0 |
% |
|
|
358 |
|
0.0 |
% |
Income before income taxes |
|
|
437,307 |
|
18.6 |
% |
|
|
304,966 |
|
15.8 |
% |
Income tax expense |
|
|
105,912 |
|
4.5 |
% |
|
|
74,677 |
|
3.9 |
% |
Net income |
|
$ |
331,395 |
|
14.1 |
% |
|
$ |
230,289 |
|
11.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
||
Net income per common share: |
|
|
|
|
|
|
|
|
|
|
||
Basic |
|
$ |
6.34 |
|
|
|
$ |
4.13 |
|
|
||
Diluted |
|
$ |
6.30 |
|
|
|
$ |
4.10 |
|
|
||
|
|
|
|
|
|
|
|
|
|
|
||
Weighted average common shares outstanding: |
|
|
|
|
|
|
|
|
|
|
||
Basic |
|
|
52,250 |
|
|
|
|
55,795 |
|
|
||
Diluted |
|
|
52,582 |
|
|
|
|
56,172 |
|
|
||
|
Exhibit 2 |
||||||||
Ulta Beauty, Inc. |
|||||||||
Condensed Consolidated Balance Sheets |
|||||||||
(In thousands) |
|||||||||
|
|
|
|
|
|
|
|
|
|
|
|
April 30, |
|
January 29, |
|
May 1, |
|||
|
|
2022 |
|
2022 |
|
2021 |
|||
|
|
(Unaudited) |
|
|
|
|
(Unaudited) |
||
Assets |
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
654,486 |
|
$ |
431,560 |
|
$ |
947,456 |
Receivables, net |
|
|
192,754 |
|
|
233,682 |
|
|
154,342 |
Merchandise inventories, net |
|
|
1,570,552 |
|
|
1,499,218 |
|
|
1,353,565 |
Prepaid expenses and other current assets |
|
|
114,075 |
|
|
110,814 |
|
|
108,393 |
Prepaid income taxes |
|
|
— |
|
|
5,909 |
|
|
— |
Total current assets |
|
|
2,531,867 |
|
|
2,281,183 |
|
|
2,563,756 |
|
|
|
|
|
|
|
|
|
|
Property and equipment, net |
|
|
909,543 |
|
|
914,476 |
|
|
960,440 |
Operating lease assets |
|
|
1,488,040 |
|
|
1,482,256 |
|
|
1,487,616 |
Goodwill |
|
|
10,870 |
|
|
10,870 |
|
|
10,870 |
Other intangible assets, net |
|
|
1,307 |
|
|
1,538 |
|
|
2,233 |
Deferred compensation plan assets |
|
|
35,978 |
|
|
38,409 |
|
|
34,279 |
Other long-term assets |
|
|
34,431 |
|
|
35,647 |
|
|
28,350 |
Total assets |
|
$ |
5,012,036 |
|
$ |
4,764,379 |
|
$ |
5,087,544 |
|
|
|
|
|
|
|
|
|
|
Liabilities and stockholders’ equity |
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
585,500 |
|
$ |
552,730 |
|
$ |
552,837 |
Accrued liabilities |
|
|
305,000 |
|
|
364,797 |
|
|
322,676 |
Deferred revenue |
|
|
324,694 |
|
|
353,579 |
|
|
270,090 |
Current operating lease liabilities |
|
|
276,440 |
|
|
274,118 |
|
|
263,200 |
Accrued income taxes |
|
|
108,113 |
|
|
12,786 |
|
|
113,960 |
Total current liabilities |
|
|
1,599,747 |
|
|
1,558,010 |
|
|
1,522,763 |
|
|
|
|
|
|
|
|
|
|
Non-current operating lease liabilities |
|
|
1,568,356 |
|
|
1,572,638 |
|
|
1,613,309 |
Deferred income taxes |
|
|
40,702 |
|
|
39,693 |
|
|
66,483 |
Other long-term liabilities |
|
|
57,611 |
|
|
58,665 |
|
|
40,272 |
Total liabilities |
|
|
3,266,416 |
|
|
3,229,006 |
|
|
3,242,827 |
|
|
|
|
|
|
|
|
|
|
Commitments and contingencies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total stockholders’ equity |
|
|
1,745,620 |
|
|
1,535,373 |
|
|
1,844,717 |
Total liabilities and stockholders’ equity |
|
$ |
5,012,036 |
|
$ |
4,764,379 |
|
$ |
5,087,544 |
Exhibit 3 |
||||||||
Ulta Beauty, Inc. |
||||||||
Consolidated Statements of Cash Flows |
||||||||
(In thousands) |
||||||||
|
|
|
|
|
|
|
||
|
|
13 Weeks Ended |
||||||
|
|
April 30, |
|
May 1, |
||||
|
|
2022 |
|
2021 |
||||
|
|
(Unaudited) |
|
(Unaudited) |
||||
Operating activities |
|
|
|
|
|
|
||
Net income |
|
$ |
331,395 |
|
|
$ |
230,289 |
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
|
||
Depreciation and amortization |
|
|
62,839 |
|
|
|
70,599 |
|
Non-cash lease expense |
|
|
72,192 |
|
|
|
68,881 |
|
Deferred income taxes |
|
|
1,009 |
|
|
|
1,124 |
|
Stock-based compensation expense |
|
|
10,356 |
|
|
|
8,978 |
|
Loss on disposal of property and equipment |
|
|
1,002 |
|
|
|
1,089 |
|
Change in operating assets and liabilities: |
|
|
|
|
|
|
||
Receivables |
|
|
40,928 |
|
|
|
38,767 |
|
Merchandise inventories |
|
|
(71,334 |
) |
|
|
(185,350 |
) |
Prepaid expenses and other current assets |
|
|
(3,261 |
) |
|
|
(991 |
) |
Income taxes |
|
|
101,236 |
|
|
|
71,431 |
|
Accounts payable |
|
|
42,586 |
|
|
|
76,580 |
|
Accrued liabilities |
|
|
(57,214 |
) |
|
|
23,209 |
|
Deferred revenue |
|
|
(28,885 |
) |
|
|
(4,293 |
) |
Operating lease liabilities |
|
|
(79,936 |
) |
|
|
(72,175 |
) |
Other assets and liabilities |
|
|
3,390 |
|
|
|
1,929 |
|
Net cash provided by operating activities |
|
|
426,303 |
|
|
|
330,067 |
|
|
|
|
|
|
|
|
||
Investing activities |
|
|
|
|
|
|
||
Capital expenditures |
|
|
(71,076 |
) |
|
|
(34,563 |
) |
Other investments |
|
|
(797 |
) |
|
|
— |
|
Net cash used in investing activities |
|
|
(71,873 |
) |
|
|
(34,563 |
) |
|
|
|
|
|
|
|
||
Financing activities |
|
|
|
|
|
|
||
Repurchase of common shares |
|
|
(132,834 |
) |
|
|
(392,309 |
) |
Stock options exercised |
|
|
6,502 |
|
|
|
5,032 |
|
Purchase of treasury shares |
|
|
(5,172 |
) |
|
|
(6,766 |
) |
Net cash used in financing activities |
|
|
(131,504 |
) |
|
|
(394,043 |
) |
|
|
|
|
|
|
|
||
Effect of exchange rate changes on cash and cash equivalents |
|
|
— |
|
|
|
(56 |
) |
Net increase (decrease) in cash and cash equivalents |
|
|
222,926 |
|
|
|
(98,595 |
) |
Cash and cash equivalents at beginning of period |
|
|
431,560 |
|
|
|
1,046,051 |
|
Cash and cash equivalents at end of period |
|
$ |
654,486 |
|
|
$ |
947,456 |
|
Exhibit 4 |
||||||||
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 2022 |
|
quarter |
|
quarter |
|
quarter |
|
end of the quarter |
1st Quarter |
|
1,308 |
|
10 |
|
0 |
|
1,318 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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 2022 |
|
the quarter |
|
quarter |
|
during the quarter |
|
quarter |
1st Quarter |
|
13,770,438 |
|
90,905 |
|
0 |
|
13,861,343 |
Exhibit 5 |
||||||
Ulta Beauty, Inc. |
||||||
Sales by Category |
||||||
The following table sets forth the approximate percentage of net sales by primary category: |
||||||
|
|
|
|
|
||
|
|
13 Weeks Ended |
||||
|
|
April 30, |
|
May 1, |
||
|
2022 |
|
2021 |
|||
Cosmetics |
|
44 |
% |
|
45 |
% |
Haircare products and styling tools |
|
20 |
% |
|
19 |
% |
Skincare |
|
18 |
% |
|
19 |
% |
Fragrance and bath |
|
12 |
% |
|
11 |
% |
Services |
|
3 |
% |
|
3 |
% |
Accessories and other |
|
3 |
% |
|
3 |
% |
|
|
100 |
% |
|
100 |
% |
