ULTA · Ulta Beauty

251 filings

ULTA SEC Filings

Ulta Beauty - 251 total filings

Filing record · 2016–202610-K1110-Q328-K92

Showing 1–50 of 251 filings

Ulta Beauty Quarterly Report for Q2 Ended Aug 1, 2026

Ulta Beauty, Inc. reported net sales of $3,035,676 thousand ($3.0 billion) for the 13 weeks ended August 1, 2026, up from $2,788,469 thousand, with net income of $282,006 thousand compared to $260,875 thousand in the prior-year quarter. Diluted earnings per share were $6.55 versus $5.78. For the 26 weeks ended August 1, 2026, net sales were $6,199,533 thousand ($6.2 billion) and net income was $622,475 thousand, with diluted EPS of $14.31 versus $12.49. Comparable sales rose 3.8% in the quarter and 4.6% for the first half, driven primarily by a 3.9% increase in average ticket in the quarter. Gross margin was 39.1% in the quarter, slightly below 39.2% a year earlier, while the six-month gross margin improved to 39.6% from 39.1%, which the filing attributes to lower inventory shrink and higher merchandise margin. The company repurchased 1,438,761 shares for $798.6 million in the first half of fiscal 2026 under its $3.0 billion October 2024 program, leaving $1.0 billion available as of August 1, 2026. Short-term debt rose to $339.6 million from $62.3 million at January 31, 2026, and cash and cash equivalents plus short-term investments totaled $213.5 million. Operating cash flow was $381,590 thousand for the 26 weeks, against $316,543 thousand a year earlier, while capital expenditures were $139.5 million. The filing notes that the lower effective tax rate of 24.2% for the first half reflects the purchase of transferable federal tax credits at a negotiated discount. At August 1, 2026, the company operated 1,622 stores, including 1,534 Ulta Beauty stores in the U.S. and 88 Space NK stores in the U.K. and Ireland. The company stated it was in compliance with all terms and covenants of its Loan Agreement and Facility Agreement, and it reported no material changes to risk factors from its fiscal 2025 Form 10-K.

Aug 27, 2026 8-K

Ulta Beauty 8-K Report, Financial Results (Aug 27, 2026)

Ulta Beauty, Inc. (NASDAQ: ULTA) reported consolidated results for the thirteen-week second quarter of fiscal 2026 ended August 1, 2026, and raised its fiscal 2026 guidance. Net sales increased 8.9% to $3.0 billion ($3,035.7 million), driven by higher comparable sales, the acquisition of Space NK, and new stores. Comparable sales increased 3.8%, operating income increased 10.1% to $379.6 million, and diluted earnings per share increased 13.3% to $6.55, compared with $5.78 in the prior-year quarter. Gross margin was 39.1% versus 39.2%, reflecting Space NK business mix, while SG&A rose 8.2% to $802.8 million, primarily due to the Space NK acquisition. For the first half of fiscal 2026, net sales were $6.20 billion and diluted EPS was $14.31, compared with $12.49 a year earlier. The company increased its fiscal 2026 outlook: net sales growth is now expected at 6.7% to 7.2% (previously 6% to 7%), comparable sales growth at 3.2% to 3.7% (previously 2.5% to 3.5%), operating income growth at 8.3% to 9.3% (previously 6.5% to 9%), and diluted EPS of $28.70 to $29.00 (previously $28.36 to $28.80). Capital expenditure guidance is unchanged at $400 million to $450 million. Capital deployment remains a focus. Fiscal 2026 share repurchases were increased to $1.8 billion from $1.5 billion. Year to date, the company repurchased 1.4 million shares for $791.1 million, leaving $1.0 billion under the $3.0 billion program announced in October 2024, which it now expects to use by the end of fiscal 2026. Cash and equivalents were $158.5 million and short-term debt was $339.6 million at quarter end, with merchandise inventories of $2.4 billion, flat year over year.

Aug 27, 2026 8-K

Ulta Beauty 8-K Report, Executive Changes (Aug 17, 2026)

Ulta Beauty, Inc. (NASDAQ: ULTA) filed this Form 8-K on August 17, 2026 to report the appointment of Brieane L. Olson as an independent director. The Board appointed Ms. Olson on August 13, 2026, effective August 31, 2026, to fill the seat vacated by Kelly E. Garcia, whose resignation from the Board takes effect on the same date. Ms. Olson's initial term runs until the 2027 Annual Meeting of Stockholders. The Board determined she qualifies as independent under Nasdaq and SEC rules, and it reports no related-party transactions under Item 404(a) of Regulation S-K. Ms. Olson currently serves as Chief Executive Officer of Pacific Sunwear of California, LLC (PacSun), a private specialty retailer, a role she has held since May 2023. She has also been PacSun's President since June 2021 and Chief Brand Officer since July 2020, and she joined PacSun in 2007. The Board cited her experience as a sitting CEO, along with her background in specialty retail, strategic planning, brand building, omnichannel commerce, and merchandising. Her compensation will follow the non-employee director program described in the proxy statement filed April 22, 2026. The press release (Exhibit 99.1) states that Ms. Olson's appointment brings the Board to 10 directors. It also quotes CEO Kecia Steelman linking her insights to the company's Ulta Beauty Unleashed strategy. The filing discloses no financial results, guidance, or financial figures.

Aug 17, 2026 8-K

Ulta Beauty 8-K Report, Executive Changes (Jul 14, 2026)

Ulta Beauty, Inc. filed a Form 8-K on July 14, 2026 to report that Kelly E. Garcia, a member of its Board of Directors, will transition to the role of Chief Technology Officer (CTO), with an anticipated start date of August 31, 2026. Mr. Garcia provided notice of his resignation from the Board, effective as of the date he commences service as CTO. The company issued a press release on the same day announcing the change, furnished as Exhibit 99.1. The press release states that Mr. Garcia has served on the Board since 2022 and that CEO Kecia Steelman views his board experience, including perspectives on emerging technologies such as AI, as valuable in strengthening the executive team. Mr. Garcia most recently served as Executive Vice President and CTO of Domino's Pizza since July 2012, and previously was Vice President of Business Intelligence and North American Operations for R. L. Polk & Company. The release links the appointment to the company's Ulta Beauty Unleashed strategy, which it says is aimed at driving market share growth. The filing does not disclose compensation terms for the new role or any financial results. For investors, the key takeaways are a board seat being vacated and a new executive-level technology leadership appointment, consistent with the company's stated focus on technology capabilities.

Jul 14, 2026 8-K

Ulta Beauty 8-K Report, Executive Changes (Jun 9, 2026)

Ulta Beauty, Inc. filed this Form 8-K to report results from its 2026 annual meeting of stockholders, held June 9, 2026. Stockholders approved the Ulta Beauty, Inc. 2026 Incentive Award Plan, which replaces the Amended and Restated 2011 Incentive Award Plan. Under the new plan, up to 5,001,201 shares of common stock may be issued, comprising 3,500,000 newly authorized shares and 1,501,201 shares that remained available under the prior plan as of April 13, 2026. The 2026 Plan provides for stock options, stock appreciation rights, restricted stock, dividend equivalents, restricted stock units, and other stock or cash based awards. Stockholders also approved amendments to the certificate of incorporation that provide for exculpation of certain officers to the extent permitted by Delaware law, and that add exclusive forum provisions naming Delaware courts for certain actions and federal district courts for Securities Act of 1933 claims. The Company filed a certificate of amendment with the Delaware Secretary of State on June 9, 2026. Stockholders elected all ten director nominees to serve until the 2027 annual meeting, ratified Ernst & Young LLP as independent registered public accounting firm for fiscal 2026 (ending January 30, 2027), and approved executive compensation on an advisory basis. Approximately 87.42% of the 43,560,416 shares outstanding as of the April 13, 2026 record date were represented at the meeting.

Jun 9, 2026 8-K

Ulta Beauty 8-K Report, Financial Results (Jun 2, 2026)

Ulta Beauty, Inc. (NASDAQ: ULTA) reported consolidated financial results for the first quarter of fiscal 2026, the thirteen-week period ended May 2, 2026, compared with the thirteen weeks ended May 3, 2025, in a press release furnished as Exhibit 99.1 to this Form 8-K. Net sales rose 11.1% to $3.16 billion, driven by higher comparable sales (up 5.3%, reflecting a 3.7% increase in average ticket and a 1.6% increase in transactions), the acquisition of Space NK, and new stores. Gross profit increased 13.8% to $1.27 billion, and gross margin expanded to 40.1% from 39.1%, which the company attributed mainly to lower inventory shrink and higher merchandise margin. Operating income grew 11.6% to $448.3 million, and diluted EPS increased 15.5% to $7.74. The company returned $555.0 million to shareholders through share repurchases, repurchasing 958,323 shares, and $1.3 billion remained available under its $3.0 billion repurchase program announced in October 2024. Merchandise inventories rose 12.5% to $2.4 billion, and cash and cash equivalents declined to $166.3 million at quarter end from $424.2 million at fiscal year-end January 31, 2026. Short-term debt was $144.9 million. For fiscal 2026, Ulta updated its outlook: operating income growth is now expected to be 6.5% to 9% (previously 6% to 9%), and diluted EPS is now expected to be $28.36 to $28.80 (previously $28.05 to $28.55). Net sales growth of 6% to 7%, comparable sales growth of 2.5% to 3.5%, and capital expenditures of $400 million to $450 million were unchanged.

Jun 2, 2026 10-Q

Ulta Beauty Quarterly Report for Q1 Ended May 2, 2026

Ulta Beauty, Inc. reported net sales of $3,163,857 thousand ($3.2 billion) for the 13 weeks ended May 2, 2026, up from $2,848,367 thousand for the 13 weeks ended May 3, 2025, with the filing attributing the increase primarily to higher comparable sales, the acquisition of Space NK, and new stores. Comparable sales rose 5.3%, driven by a 3.7% increase in average ticket and a 1.6% increase in transactions. Gross profit rose to $1,267,620 thousand, and gross margin improved to 40.1% from 39.1%, which the company attributed to lower inventory shrink and higher merchandise margin. Net income was $340,469 thousand, compared with $305,052 thousand a year earlier, and diluted EPS was $7.74 versus $6.70. SG&A expenses rose to $814,699 thousand, or 25.8% of net sales versus 24.9%, mainly reflecting the Space NK acquisition and corporate overhead deleverage from strategic enterprise investments. The effective tax rate fell to 23.9% from 24.6%, primarily due to the purchase of transferable federal tax credits at a negotiated discount. Operating cash flow was $261,894 thousand, versus $220,021 thousand a year earlier, while the company repurchased 958,323 shares for $560.3 million under its October 2024 program, leaving $1.3 billion available. Cash and cash equivalents fell to $166.3 million, and borrowings under credit facilities rose to $144.9 million from $62.3 million at January 31, 2026. The filing reports 1,608 stores at quarter-end, including 19 openings in the quarter, and total inventories of $2.39 billion, up from $2.18 billion at fiscal year-end. Management stated there were no material changes to risk factors from the Form 10-K for the year ended January 31, 2026, and concluded disclosure controls were effective.

Jun 2, 2026 10-K

Ulta Beauty Annual Report, Year Ended Jan 31, 2026

Ulta Beauty, Inc. reported fiscal 2025 (year ended January 31, 2026) net sales of $12.39 billion, up from $11.30 billion in fiscal 2024, with comparable sales increasing 5.4% driven by a 3.3% increase in average ticket and a 2.0% increase in transactions. Gross profit rose to $4.85 billion (39.1% of net sales versus 38.8%), but SG&A expenses grew to $3.30 billion, or 26.6% of net sales versus 24.9%, primarily due to higher incentive compensation, store payroll and benefits, and strategic investments. Operating income declined to $1.53 billion from $1.56 billion, and net income fell to $1.15 billion ($25.64 diluted EPS) from $1.20 billion ($25.34 in fiscal 2024, now $25.64 in fiscal 2025 per diluted share). The year included the acquisition of Space NK, a U.K. and Ireland luxury beauty retailer, for total net assets acquired of $399.2 million, including $213.8 million of goodwill. Ulta ended the year with 1,591 stores (1,505 in the U.S. and 86 Space NK stores), 67 new stores opened, and cash and cash equivalents of $424.2 million. Operating cash flow was $1.50 billion, capital expenditures were $434.8 million, and the company repurchased $898.5 million of common stock. As of January 31, 2026, $1.8 billion remained available under its $3.0 billion October 2024 share repurchase program. Management's strategy, Ulta Beauty Unleashed, is organized around three priorities: driving core business growth, scaling new accretive businesses (wellness, UB Marketplace, international expansion, and UB Media), and aligning the company's foundation for future success. The filing notes that the Ulta Beauty at Target shop-in-shop partnership will not be renewed when the current agreement concludes in August 2026. Management expects capital expenditures not to exceed $450 million in fiscal 2026 and anticipates continued inflationary and macroeconomic pressures.

Mar 26, 2026 8-K

Ulta Beauty 8-K Report, Financial Results (Mar 12, 2026)

Ulta Beauty, Inc. (NASDAQ: ULTA) reported consolidated results for its fourth quarter and fiscal year ended January 31, 2026, in a press release furnished as Exhibit 99.1 to this Form 8-K. Net sales rose 11.8% to $3.90 billion in the quarter and 9.7% to $12.39 billion for the fiscal year, with comparable sales up 5.8% and 5.4%, respectively. The increases were attributed to higher comparable sales, the acquisition of Space NK, and new stores. Diluted EPS was $8.01 for the quarter (versus $8.46 a year earlier) and $25.64 for the fiscal year (up 1.2% from $25.34). Operating margin compressed in the quarter to 12.2% from 14.8%, as SG&A expenses rose 23.0% to $1.0 billion, driven by corporate overhead tied to strategic enterprise investments, higher advertising and higher incentive compensation. For fiscal 2026, the company guided to net sales growth of 6% to 7%, comparable sales growth of 2.5% to 3.5%, operating income growth of 6% to 9%, diluted EPS of $28.05 to $28.55, and capital expenditures of $400 million to $450 million. During fiscal 2025 Ulta repurchased 2.0 million shares for $890.5 million, leaving $1.8 billion available under its $3.0 billion program announced in October 2024. Year-end cash was $424.2 million, and merchandise inventories rose 10.8% to $2.2 billion. Management said the company is well positioned for sustainable, profitable growth in 2026 and beyond.

Mar 12, 2026 8-K

Ulta Beauty 8-K Report, Executive Changes (Dec 18, 2025)

On December 18, 2025, Ulta Beauty, Inc. filed a Current Report on Form 8-K under Item 5.02 (Departure of Directors or Certain Officers; Compensatory Arrangements of Certain Officers) and Item 9.01 (Financial Statements and Exhibits). The filing discloses that on December 15, 2025, the company adopted an Executive Severance Plan that provides severance and benefits to its executive officers upon an involuntary termination without Cause, excluding terminations connected to a change in control and terminations due to death or disability, along with certain other exceptions. The company's existing Executive Change in Control and Severance Plan, dated March 24, 2017, will continue to govern eligible terminations under that plan. Under the new Severance Plan, a qualifying executive receives two times base salary in effect at termination, paid bi-weekly over 24 months; one times the lower of target annual bonus or actual bonus for the fiscal year of termination, paid as a lump sum when annual bonuses are paid; and Company-paid COBRA premiums for up to 12 months. Payments are conditioned on a general release of claims and continued compliance with restrictive covenants for 24 months after termination. The Severance Plan fully replaces and supersedes any other severance protections for executive officers, including individual letters or other plans, other than those under the CIC Plan. Outstanding equity awards will be treated under the applicable equity plan and award agreements. The filing is primarily a governance and compensation disclosure rather than a financial-results report. It contains no financial statements, and the plan documents are filed as Exhibits 10.1 and 10.2 and incorporated by reference. The filing was signed by Rene G. Cásares, Chief Legal Officer.

Dec 18, 2025 8-K

Ulta Beauty 8-K Report, Financial Results (Dec 4, 2025)

Ulta Beauty, Inc. reported third-quarter fiscal 2025 results for the thirteen weeks ended November 1, 2025, with net sales increasing 12.9% to $2.9 billion ($2,857.6 million) from $2.5 billion, driven by higher comparable sales, the acquisition of Space NK, and net new store contribution. Comparable sales rose 6.3%, driven by a 3.8% increase in average ticket and a 2.4% increase in transactions. Gross profit margin improved to 40.4% from 39.7%, primarily due to lower inventory shrink and higher merchandise margin, but SG&A expenses rose 23.3% to $840.9 million, lifting SG&A as a percentage of net sales to 29.4% from 27.0%. Operating income was $309.4 million, or 10.8% of net sales, versus $318.5 million, or 12.6%, and net income was $230.9 million, or $5.14 per diluted share, flat with the prior year. For the first nine months of fiscal 2025, net sales increased 8.8% to $8.5 billion and comparable sales increased 5.2%. Diluted earnings per share rose 4.3% to $17.65. The company raised its fiscal 2025 outlook: net sales are now approximately $12.3 billion (previously $12.0 to $12.1 billion), comparable sales are expected to rise 4.4% to 4.7% (previously 2.5% to 3.5%), operating margin is now 12.3% to 12.4% (previously 11.9% to 12.0%), and diluted EPS is now $25.20 to $25.50 (previously $23.85 to $24.30). The balance sheet shows cash of $204.9 million and short-term debt of $551.7 million, up from $199.7 million a year earlier, as the company drew on its revolving credit facility for working capital and capital allocation, including share repurchases. Merchandise inventories, net increased 16.0% to $2.7 billion. Ulta repurchased 1.7 million shares for $693.0 million in the first nine months, with $2.0 billion remaining under its $3.0 billion program. The company operated 1,500 Ulta Beauty stores at quarter end, excluding 84 Space NK stores in the U.K. and Ireland.

Dec 4, 2025 10-Q

Ulta Beauty Quarterly Report for Q3 Ended Nov 1, 2025

Ulta Beauty, Inc. reported its third-quarter fiscal 2025 results for the 13 weeks ended November 1, 2025 in this Form 10-Q, filed December 4, 2025. Net sales rose $327.5 million, or 12.9%, to $2.9 billion, driven by a comparable sales increase of 6.3%, the acquisition of Space NK, and net new store contribution. Net income declined to $230.9 million from $242.2 million, as SG&A expenses rose $158.7 million, or 23.3%, to $840.9 million, outpacing the $150.0 million increase in gross profit. Gross margin improved to 40.4% of net sales from 39.7%, mainly on lower inventory shrink and higher merchandise margin. For the 39 weeks ended November 1, 2025, net sales increased $686.4 million, or 8.8%, to $8.5 billion, and net income was $796.8 million compared with $807.8 million a year earlier. Cash from operating activities was $322.2 million, while the company spent $655.5 million in investing activities, including $386.8 million for the Space NK acquisition. Short-term debt rose to $551.7 million from none at fiscal year-end, and cash and cash equivalents fell to $204.9 million from $703.2 million. The company repurchased $699.1 million of common stock in the 39-week period, and $2.0 billion remained available under the October 2024 repurchase program. The filing states that macroeconomic pressures, including inflation and tariffs, could continue to weigh on consumer spending and sales trends for the remainder of fiscal 2025. The company's Interim Chief Financial Officer concluded that disclosure controls were effective as of November 1, 2025, and the filing reports no material changes to risk factors from the fiscal 2024 Form 10-K.

Dec 4, 2025 8-K

Ulta Beauty 8-K Report, Executive Changes (Oct 16, 2025)

Ulta Beauty, Inc. (NASDAQ: ULTA) filed this Form 8-K on October 16, 2025 to announce a leadership change in its finance function. On October 10, 2025, the Board appointed Christopher DelOrefice as Chief Financial Officer, principal financial officer and principal accounting officer, effective December 5, 2025. He most recently served as Executive Vice President and Chief Financial Officer of Becton Dickinson & Company since September 2021, and previously spent more than 20 years at Johnson & Johnson. Christopher Lialios, who has been Interim CFO, will return to his former role of Senior Vice President, Controller, effective with DelOrefice's appointment. The filing sets out DelOrefice's compensation package. He will receive an annual base salary of $980,000, a fiscal 2026 annual cash incentive target of 125% of base salary (maximum 200% of target), and a long-term incentive target grant value of 450% of base salary for 2026, expected to be granted in March 2026. He will also receive a $1,000,000 sign-on cash payment, restricted stock units valued at $1,100,000 vesting on the first anniversary of grant, and restricted stock units valued at $2,200,000 vesting on the second anniversary. The sign-on cash payment is subject to repayment if he voluntarily leaves or is terminated for cause during his first year. The equity awards are expected to be granted in December 2025. The press release (Exhibit 99.1) quotes CEO Kecia Steelman welcoming DelOrefice and thanking Lialios for serving as Interim CFO throughout the search. The release states that DelOrefice will join the company to help execute its Ulta Beauty Unleashed strategy. The filing does not disclose any results or guidance.

Oct 16, 2025 8-K

Ulta Beauty 8-K Report, Financial Results (Aug 28, 2025)

Ulta Beauty, Inc. reported results for the second quarter of fiscal 2025, the thirteen weeks ended August 2, 2025, in a press release furnished as Exhibit 99.1 under Item 2.02 of this Form 8-K. Net sales increased 9.3% to $2.8 billion from $2.6 billion, driven by comparable sales growth of 6.7%, the acquisition of Space NK, and new store contribution. Comparable sales growth came from a 3.7% increase in transactions and a 2.9% increase in average ticket. Gross profit margin rose to 39.2% from 38.3%, primarily due to lower inventory shrink and higher merchandise margin. Operating income was $344.9 million, or 12.4% of net sales, versus $329.2 million, or 12.9%, in the prior-year quarter. Net income increased 3.3% to $260.9 million, and diluted earnings per share rose 9.1% to $5.78, including a $0.03 benefit from income tax accounting for stock-based compensation. For the first six months of fiscal 2025, net sales increased 6.8% to $5.6 billion and comparable sales increased 4.7%. Diluted earnings per share were $12.49. Management raised its fiscal 2025 outlook: net sales are now expected at $12.0 billion to $12.1 billion (previously $11.5 billion to $11.7 billion), comparable sales growth at 2.5% to 3.5% (previously 0% to 1.5%), and diluted earnings per share at $23.85 to $24.30 (previously $22.65 to $23.20). Management also cited caution about how consumer demand may evolve in the second half of the year. The balance sheet shows changes tied to the Space NK acquisition. Cash and cash equivalents fell to $242.7 million, and short-term debt was $289.1 million, as the company drew on its revolving credit facility to support the acquisition. Merchandise inventories, net rose 20.5% to $2.4 billion, reflecting new brand launches and net new stores, including 83 acquired with Space NK. During the quarter the company repurchased 244,559 shares for $109.5 million, and $2.2 billion remained under its $3.0 billion repurchase program.

Aug 28, 2025 10-Q

Ulta Beauty Quarterly Report for Q2 Ended Aug 2, 2025

Ulta Beauty, Inc. reported its second quarter of fiscal 2025 (13 weeks ended August 2, 2025) with net sales of $2.79 billion, up from $2.55 billion a year earlier, and net income of $260.9 million, up from $252.6 million. Comparable sales rose 6.7%, driven by a 3.7% increase in transactions and a 2.9% increase in average ticket. Gross profit margin improved to 39.2% from 38.3%, primarily due to lower inventory shrink and higher merchandise margin, while SG&A expenses rose to 26.6% of net sales from 25.3%, mainly from higher incentive compensation, store payroll and benefits, and corporate overhead. Diluted EPS was $5.78 versus $5.30. The company completed its acquisition of Space NK, a U.K. and Ireland luxury beauty retailer, on July 10, 2025, for net assets acquired of $399.2 million, including $381.7 million of goodwill. Cash and cash equivalents fell to $242.7 million from $703.2 million at fiscal year-end, while short-term debt rose to $289.1 million. Merchandise inventories increased to $2.41 billion from $1.97 billion, and the company repurchased 1.23 million shares for $472.4 million during the 26 weeks. Approximately $2.2 billion remained available under the October 2024 repurchase program. Subsequent to quarter-end, Ulta and Target Corporation mutually agreed not to renew the Ulta Beauty at Target shop-in-shop partnership when the current agreement concludes in August 2026. The company also entered into Amendment No. 4 to its loan agreement on August 27, 2025, increasing the revolving facility by $200 million to a maximum of $1.0 billion. Management noted that persistent inflation and tariffs could contribute to lower sales trends throughout fiscal 2025.

Aug 28, 2025 8-K

Ulta Beauty 8-K Report, Executive Changes (Aug 21, 2025)

Ulta Beauty, Inc. filed this Form 8-K on August 21, 2025 to report board changes. On August 20, 2025, the Board increased its size from ten to twelve directors and appointed Martin Brok, 58, and Stephenie Landry, 47, as independent directors, effective September 1, 2025. Both will serve on the Audit and Compensation Committees, and their initial terms run to the 2026 Annual Meeting of Stockholders. The filing discloses no financial results, guidance, or transactions requiring Item 404(a) disclosure. Mr. Brok is Founder & CEO of mb Capital Advisors and an Operating Partner at Advent International. He previously served as Global President & CEO of Sephora (LVMH) and as President, Europe, Middle East & Africa at Starbucks, and he has held senior roles at Nike, Burger King and The Coca-Cola Company. Ms. Landry most recently served as Chief Operating Officer of Honor Technology, and before that held Vice President roles at Amazon, including Vice President of Worldwide Grocery and Vice President of Sustainability. The Board cited their experience in beauty, retail operations, digital and omnichannel, finance, and sustainability as the basis for selection. According to the attached press release (Exhibit 99.1), the appointments bring the Board to 12 directors, with 67% women, 33% racially diverse, and 50% appointed within the last five years. Kecia Steelman, President & Chief Executive Officer, said the new directors will be valuable as the company navigates its next chapter of growth. Compensation will follow the non-employee director program described in the April 23, 2025 proxy statement.

Aug 21, 2025 8-K

Ulta Beauty 8-K Report, Corporate Update (Aug 14, 2025)

On August 14, 2025, Ulta Beauty, Inc. filed a Form 8-K disclosing that it and Target Corporation have mutually agreed not to renew the Ulta Beauty at Target shop-in-shop partnership when the current agreement concludes in August 2026. Until then, the Ulta Beauty at Target experience will continue in Target stores and on Target.com, and guests with linked rewards accounts will continue to earn Ulta Beauty Rewards on eligible purchases until August 2026. The company states that the conclusion of the partnership is not expected to be material to its fiscal 2025 financial results or previously stated long-term financial targets. The disclosure was made under Item 8.01 (Other Events), with the announcing press release furnished as Exhibit 99.1. The press release, which quotes Ulta's chief retail officer and Target's executive vice president and chief commercial officer, states that both companies will maintain a seamless shopping experience and product availability through the end of the partnership. Ulta also stated it is launching Ulta Beauty Marketplace later this year, a curated online destination intended to engage new brands and audiences.

Aug 14, 2025 8-K

Ulta Beauty 8-K Report, Executive Changes (Jul 25, 2025)

Ulta Beauty, Inc. filed this Form 8-K under Item 5.02 (Departure of Directors or Certain Officers; Compensatory Arrangements of Certain Officers) on July 25, 2025. The filing reports the departure of Paula Oyibo, the former Chief Financial Officer, Treasurer, principal financial officer, and principal accounting officer, who left the Company effective June 24, 2025 (the "Separation Date"). Ulta Beauty and Ms. Oyibo entered into a Separation and Release Agreement on July 21, 2025. Under the Agreement, Ms. Oyibo will receive severance that includes two years of annual base salary of $754,000 per year, payable over two years; a lump sum equal to her fiscal 2025 annual cash bonus paid at target, or 100% of annual base salary; Company-paid health care benefits for up to 18 months upon election; and outplacement services. Her outstanding unvested equity awards were forfeited under the Amended and Restated 2011 Incentive Award Plan and the applicable award agreements. Receipt of severance is conditioned on her non-revocation of a general release of claims and continued compliance with restrictive covenants, including non-competition and non-solicitation covenants lasting 24 months from the Separation Date. The filing states that the full Agreement will be filed with the Company's Quarterly Report on Form 10-Q for the quarter ending August 2, 2025. The filing is signed by Rene G. Cásares, Chief Legal Officer.

Jul 25, 2025 8-K

Ulta Beauty 8-K Report, Executive Changes (Jun 30, 2025)

Ulta Beauty, Inc. (NASDAQ: ULTA) filed this Form 8-K on June 30, 2025 to disclose a change in its finance leadership. Effective June 24, 2025, Paula Oyibo, the company's former Chief Financial Officer, Treasurer, principal financial officer and principal accounting officer, left the company. Christopher Lialios, Senior Vice President Controller since 2018, was named Interim Chief Financial Officer and principal financial and accounting officer. The company has commenced an external search for a permanent CFO with the assistance of a leading executive search firm. Lialios, 60, is a Certified Public Accountant who joined Ulta Beauty in 1999 as assistant controller. While serving as Interim CFO, his annualized base salary will be $525,000, and his annual cash incentive target will be 100% of base salary. The filing states there are no arrangements or understandings under which he was appointed and no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K. In conjunction with the announcement, made in a June 25, 2025 press release (Exhibit 99.1), the company reaffirmed its fiscal 2025 guidance from its May 29, 2025 release. That guidance calls for comparable store sales growth between 0% and 1.5%, operating margin between 11.7% and 11.8%, and diluted EPS between $22.65 and $23.20. Investors will likely focus on the pace of the permanent CFO search and whether the leadership transition affects execution of the Ulta Beauty Unleashed plan.

Jun 30, 2025 8-K

Ulta Beauty 8-K Report, Shareholder Vote Results (Jun 13, 2025)

Ulta Beauty, Inc. filed this Current Report on Form 8-K dated June 13, 2025 to report the results of its 2025 annual meeting of stockholders, held June 11, 2025. As of the April 14, 2025 record date, 45,147,875 shares of common stock were outstanding and eligible to vote, and approximately 87.52% of shares were represented at the meeting in person or by proxy. Stockholders elected all ten director nominees, Michelle L. Collins, Kelly E. Garcia, Catherine A. Halligan, Patricia A. Little, George R. Mrkonic, Lorna E. Nagler, Heidi G. Petz, Gisel Ruiz, Michael C. Smith and Kecia L. Steelman, to serve until the 2026 annual meeting. Each nominee received more For votes than Against votes, with Against support ranging from 0.08% (Kelly E. Garcia) to 3.22% (Catherine A. Halligan) of votes cast. Stockholders also ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2026, with 36,111,981 votes for (91.39%) and 3,354,349 against (8.49%). In the advisory vote on executive compensation, stockholders approved the company's pay program with 32,532,318 votes for (89.72%), against 3,168,414 (8.74%), and 557,349 abstaining (1.54%), with 3,257,139 broker non-votes. The filing contains no financial results or guidance; its investor relevance lies in the clean director slate and the approval of the executive compensation program, which received the lowest level of support among the three proposals.

Jun 13, 2025 10-Q

Ulta Beauty Quarterly Report for Q1 Ended May 3, 2025

Ulta Beauty, Inc. reported net sales of $2,848,367 thousand ($2.85 billion) for the 13 weeks ended May 3, 2025, up from $2,725,848 thousand in the prior-year period, with the filing stating net sales increased $122.5 million or 4.5%. Comparable sales rose 2.9%, driven by a 2.3% increase in average ticket and a 0.6% increase in transactions. Operating income was $401,777 thousand versus $400,948 thousand a year earlier, and net income declined to $305,052 thousand from $313,113 thousand. Diluted EPS was $6.70 compared with $6.47 in the prior-year quarter, reflecting a lower share count after repurchases. Gross margin was 39.1% versus 39.2%, and SG&A rose to 24.9% of net sales from 24.4%, attributed to store payroll and store expense deleverage. Cash and cash equivalents fell to $454.6 million from $703.2 million at February 1, 2025. Operating cash flow was $220.0 million, while the company repurchased $362.1 million of common stock including excise tax in the quarter, leaving $2.3 billion available under the October 2024 $3.0 billion authorization. The credit facility had no borrowings outstanding, and the company was in compliance with its covenants. Merchandise inventories increased 11.3% year over year to $2.1 billion, which the filing attributes to new brand launches and the addition of 56 net new stores since May 4, 2024. The company operated 1,451 stores at quarter end. Management cited persistent inflationary and macroeconomic pressures, including existing and potential tariffs, and stated these could contribute to lower sales trends throughout fiscal 2025. The effective tax rate rose to 24.6% from 23.2%, primarily due to a reduced benefit from stock-based compensation tax accounting. The filing reports no material changes to risk factors from the fiscal 2024 Form 10-K.

May 29, 2025 8-K

Ulta Beauty 8-K Report, Financial Results (May 29, 2025)

Ulta Beauty, Inc. (NASDAQ: ULTA) furnished a press release reporting consolidated financial results for its first quarter of fiscal 2025, the thirteen weeks ended May 3, 2025. Net sales increased 4.5% to $2.8 billion ($2,848.4 million), comparable sales rose 2.9% on a 2.3% increase in average ticket and a 0.6% increase in transactions, and net income was $305.1 million, or $6.70 per diluted share, compared with $313.1 million, or $6.47 per diluted share, a year earlier. Operating income was $401.8 million, or 14.1% of net sales, versus $400.9 million, or 14.7%, as SG&A grew 6.7% to $710.6 million and gross margin slipped to 39.1% from 39.2%. The tax rate rose to 24.6% from 23.2%. The company raised its fiscal 2025 outlook for net sales to $11.5 billion to $11.7 billion (from $11.5 billion to $11.6 billion), comparable sales to 0% to 1.5% (from 0% to 1%), and diluted EPS to $22.65 to $23.20 (from $22.50 to $22.90). Operating margin, new store count, remodel projects, share repurchases, capital expenditures and other guidance items were unchanged. CEO Kecia Steelman described the start to the year as encouraging with stronger-than-expected performance, while noting that the operating environment is fluid and the outlook reflects uncertainty around consumer demand. Balance sheet items show cash and cash equivalents of $454.6 million and merchandise inventories of $2.1 billion, up 11.3% year over year, which the company attributed to new brand launches, strategic investments in key categories and 56 net new stores. The company repurchased 986,733 shares for $358.7 million in the quarter and had $2.3 billion remaining under its $3.0 billion repurchase program. It ended the quarter with 1,451 stores totaling 15.2 million square feet.

May 29, 2025 10-K

Ulta Beauty Annual Report, Year Ended Feb 1, 2025

Ulta Beauty, Inc. (ULTA) reported fiscal 2024 (ended February 1, 2025) net sales of $11.30 billion, up from $11.21 billion in fiscal 2023, which was a 53-week year. Comparable sales rose 0.7%, driven by a 1.1% increase in average ticket offset by a 0.4% decrease in transactions. Operating income declined to $1.56 billion from $1.68 billion, and net income fell to $1.20 billion ($25.34 diluted EPS) from $1.29 billion. The decline was driven by higher SG&A expenses, which rose to 24.9% of net sales from 24.0%, and a 30 basis point decline in gross profit margin to 38.8%. The filing attributes weaker sales trends to persistent inflationary and macroeconomic pressures on consumer spending. The company ended the year with $703.2 million in cash and no borrowings under its $800.0 million secured revolving credit facility. Operating cash flow was $1.34 billion, capital expenditures were $374.5 million, and the company repurchased $1.02 billion of common stock. As of February 1, 2025, $2.7 billion remained under the $3.0 billion share repurchase program authorized in October 2024. Management expects fiscal 2025 capital expenditures of up to $500 million. The company operated 1,445 stores at year-end, opening 66 new stores during fiscal 2024 and targeting more than 1,800 stores over the long term. Growth initiatives include the Ulta Beauty at Target shop-in-shops, the planned Mexico joint venture with Grupo Axo, and the Middle East franchise with Alshaya Group. The filing lists risks including macroeconomic conditions, tariffs, competition, cybersecurity, and dependence on top brand partners, which accounted for 54% of net sales.

Mar 27, 2025 8-K

Ulta Beauty 8-K Report, Executive Changes (Mar 14, 2025)

Ulta Beauty, Inc. filed this Form 8-K on March 14, 2025 under Item 5.02 (Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers). The filing discloses that on March 13, 2025, Jodi J. Caro, General Counsel, Chief Risk & Compliance Officer and Corporate Secretary, notified the Company that she intends to retire later this spring. The filing states that Ms. Caro's successor will join the Company next month, and that the successor will work with her to ensure a seamless transition. No successor name, compensation terms, or financial results are disclosed in this filing. For investors, the event is a senior legal, risk and compliance leadership change rather than a financial disclosure. The filing does not state any impact on operations or financial performance.

Mar 14, 2025 8-K

Ulta Beauty 8-K Report, Financial Results (Mar 13, 2025)

Ulta Beauty, Inc. (NASDAQ: ULTA) reported fourth-quarter fiscal 2024 results for the thirteen weeks ended February 1, 2025, compared with a fourteen-week quarter a year earlier that included an extra 53rd week. Net sales were $3.5 billion ($3,487.6 million) versus $3.6 billion ($3,554.3 million), and comparable sales increased 1.5%. Operating income was $516.3 million, or 14.8% of net sales, and diluted EPS was $8.46 versus $8.08, including a $0.46 benefit from the extra week. For the full fiscal year, net sales were $11.3 billion, comparable sales rose 0.7%, operating income was $1.6 billion (13.9% of net sales, down from 15.0%), and diluted EPS was $25.34 versus $26.03. The company ended the year with $703.2 million in cash, merchandise inventories of $2.0 billion (up 13.0%), and no borrowings under its revolving credit facility. It repurchased $1.0 billion of shares in fiscal 2024, and $2.7 billion remained under its $3.0 billion repurchase program as of February 1, 2025. The company operated 1,445 stores at year-end after opening 66 new stores during the year. For fiscal 2025, Ulta guided to net sales of $11.5 billion to $11.6 billion, comparable sales of 0% to 1%, an operating margin of 11.7% to 11.8%, and diluted EPS of $22.50 to $22.90. CEO Kecia Steelman said fiscal 2025 will be a pivotal year with purposeful investments aimed at future growth, which the company expects will weigh on near-term margins, with approximately $900 million planned for share repurchases.

Mar 13, 2025 8-K

Ulta Beauty 8-K Report, Executive Changes (Jan 6, 2025)

Ulta Beauty, Inc. filed this Current Report on Form 8-K to disclose a CEO transition. David C. Kimbell, the Company's Chief Executive Officer, will retire from his position and from the Board of Directors, effective January 6, 2025. Kecia L. Steelman, currently President and Chief Operating Officer, succeeds him as President and Chief Executive Officer effective the same date and joins the Board. Mr. Kimbell will serve as an advisor through June 28, 2025, continuing to receive his base salary at the current rate, and will be eligible for continued vesting of his equity awards consistent with the retirement terms of the Company's equity award agreements. In connection with her promotion, Ms. Steelman's annual base salary will increase from $1,118,291 to $1,350,000. Her annual cash incentive target rises from 115% to 180% of base salary, and her long-term incentive plan target rises from 380% to 710% of base salary. The filing states there are no arrangements or understandings under which she was appointed and no related-party transactions requiring disclosure. The accompanying press release also updates fourth-quarter fiscal 2024 expectations. Reflecting stronger-than-expected holiday season performance, the company now expects fourth-quarter comparable sales to increase modestly and operating margin to be above the high end of its previous expected range of 11.6% to 12.4% of sales. The company plans to report fourth-quarter and fiscal 2024 results on March 13, 2025.

Jan 6, 2025 8-K

Ulta Beauty 8-K Report, Financial Results (Dec 5, 2024)

Ulta Beauty, Inc. reported third-quarter fiscal 2024 results for the 13 weeks ended November 2, 2024, furnishing its December 5, 2024 press release as Exhibit 99.1. Net sales rose to $2.53 billion from $2.49 billion, mainly from new store contribution, partly offset by lower other revenue. Comparable sales increased 0.6%, compared with 4.5% in the prior-year quarter, with transactions up 0.5% and average ticket up 0.1%. Operating income was $318.5 million, or 12.6% of net sales, versus $327.2 million, or 13.1%, and diluted EPS was $5.14 compared with $5.07. Gross margin declined to 39.7% from 39.9%, and SG&A rose to 27.0% of net sales from 26.6%, driven by store payroll, corporate overhead tied to strategic investments, and lower incentive compensation. For the first nine months of fiscal 2024, net sales were $7.8 billion, up 2.0% from $7.7 billion, while comparable sales increased 0.3% versus 7.3% a year earlier. Net income was $807.8 million compared with $896.6 million, and diluted EPS was $16.93, including a $0.10 benefit from income tax accounting for stock-based compensation, versus $17.99 a year earlier. Ulta repurchased $267.0 million of stock in the quarter and $764.5 million year to date, leaving $2.9 billion available under its $3.0 billion program announced in October 2024. Management raised parts of its fiscal 2024 outlook. Diluted EPS guidance is now $23.20 to $23.75, up from $22.60 to $23.50, and operating margin is now 12.9% to 13.1%, up from 12.7% to 13.0%. Net sales guidance was narrowed to $11.1 billion to $11.2 billion from $11.0 billion to $11.2 billion, comparable sales guidance is now (1%) to 0% from (2%) to 0%, and capital expenditure guidance is $400 million to $425 million, down from $400 million to $450 million. Cash at quarter end was $177.8 million, and short-term debt was $199.7 million as the company drew on its revolving credit facility.

Dec 5, 2024 10-Q

Ulta Beauty Quarterly Report for Q3 Ended Nov 2, 2024

Ulta Beauty, Inc. reported its Form 10-Q for the 13 and 39 weeks ended November 2, 2024. For the third quarter, net sales were $2,530,100 thousand ($2.53 billion), up from $2,488,933 thousand, and net income was $242,179 thousand ($242.2 million), down from $249,483 thousand. Diluted EPS was $5.14 versus $5.07. Comparable sales rose 0.6%, driven by a 0.5% increase in transactions and a 0.1% increase in average ticket. Gross profit as a percentage of net sales fell to 39.7% from 39.9%, and SG&A rose to 27.0% of net sales from 26.6%, citing deleverage of store payroll and corporate overhead tied to strategic investments. For the 39 weeks, net sales were $7.81 billion, up from $7.65 billion, and net income was $807.8 million, down from $896.6 million. Comparable sales increased 0.3%, and SG&A expenses rose 6.3% to $2.0 billion. Operating cash flow was $302.0 million versus $358.0 million a year earlier. Cash and cash equivalents fell to $177.8 million at November 2, 2024, from $766.6 million at February 3, 2024, while short-term debt under the credit facility was $199.7 million, with no borrowings at fiscal year-end. During the period the company repurchased 1,869,314 shares for $771.5 million. In October 2024 the Board authorized a new program of up to $3.0 billion, with $2.9 billion remaining as of November 2, 2024. The company operated 1,437 stores at quarter end, opening 57 new stores in the 39 weeks, and it reported no material changes to risk factors from its fiscal 2023 Form 10-K.

Dec 5, 2024 8-K

Ulta Beauty 8-K Report, Regulation FD Disclosure (Oct 16, 2024)

Ulta Beauty, Inc. furnished a press release dated October 16, 2024 announcing long-term financial targets and strategic priorities, coinciding with its 2024 Investor Day. The company announced it will increase its long-term store target to 1,800+ stores and plans to open 200 net new stores over the next three years. Ulta also approved a new $3.0 billion share repurchase authorization on October 15, 2024, replacing the prior authorization implemented in March 2024, and reaffirmed its fiscal 2024 guidance, including net sales of $11.0 billion to $11.2 billion and diluted EPS of $22.60 to $23.50. For 2026 and beyond, management set long-term targets of 4% to 6% net sales growth, mid-single-digit operating profit growth with operating margins around 12% of net sales, and low double-digit diluted EPS growth. The CFO described 2024 and 2025 as transitional years as the company manages near-term category dynamics. Capital expenditures are expected to remain between 4% and 5% of net sales, with excess cash returned to shareholders through repurchases. The filing also lists strategic focus areas (Assortment, Experience, Access, Loyalty) and a goal of 50 million loyalty program members by 2028. The filing's forward-looking statements flag risks including macroeconomic conditions, consumer spending volatility, competition, cybersecurity, and execution of Project SOAR, the enterprise resource planning platform replacement.

Oct 16, 2024 8-K

Ulta Beauty 8-K Report, Financial Results (Aug 29, 2024)

Ulta Beauty, Inc. reported results for the second quarter of fiscal 2024, the thirteen weeks ended August 3, 2024, in a press release furnished as Exhibit 99.1. Net sales rose 0.9% to $2.6 billion ($2,552.1 million) from $2.5 billion, driven mainly by new store contribution and growth in other revenue. However, comparable sales decreased 1.2% versus an 8.0% increase a year earlier, reflecting a 1.8% decrease in transactions and a 0.6% increase in average ticket. Net income fell to $252.6 million, or $5.30 per diluted share, from $300.1 million, or $6.02 per diluted share. Management said second-quarter performance did not meet its expectations, primarily because of the comparable store sales decline. Gross margin contracted to 38.3% from 39.3%, reflecting lower merchandise margins and store fixed-cost deleverage. SG&A expenses rose to $644.8 million, or 25.3% of net sales, from 23.7%, driven by store payroll, corporate overhead tied to strategic investments, store expenses, and marketing. Operating income declined to $329.2 million, or 12.9% of net sales, from $391.6 million. For the first six months, net sales were $5.3 billion and comparable sales rose 0.2%. Cash and cash equivalents were $414.0 million at quarter end, and inventories rose 10.1% to $2.0 billion. The company lowered its fiscal 2024 outlook. Net sales are now expected at $11.0 billion to $11.2 billion (previously $11.5 billion to $11.6 billion), comparable sales at (2%) to 0% (previously 2% to 3%), and diluted EPS at $22.60 to $23.50 (previously $25.20 to $26.00). The operating margin outlook was cut to 12.7% to 13.0% from 13.7% to 14.0%. Management kept its share repurchase outlook of approximately $1 billion and its tax rate outlook of approximately 24%, and it reduced capital expenditure guidance to $400 million to $450 million. During the quarter the company repurchased 549,852 shares for $212.3 million, and $1.6 billion remained under its $2.0 billion repurchase program.

Aug 29, 2024 10-Q

Ulta Beauty Quarterly Report for Q2 Ended Aug 3, 2024

Ulta Beauty, Inc. reported its second quarter of fiscal 2024 (13 weeks ended August 3, 2024) with net sales of $2.55 billion, up $22.3 million, or 0.9%, from $2.53 billion a year earlier. Comparable sales declined 1.2%, driven by a 1.8% decrease in transactions partly offset by a 0.6% increase in average ticket. Gross profit fell $15.4 million, or 1.6%, to $978.2 million, and gross margin compressed to 38.3% from 39.3%, reflecting lower merchandise margins and store fixed-cost deleverage. SG&A rose $44.1 million, or 7.3%, to $644.8 million, pushing operating income down to $329.2 million from $391.6 million and net income to $252.6 million from $300.1 million. For the 26 weeks, net sales rose 2.2% to $5.3 billion and comparable sales increased 0.2%, but net income declined to $565.7 million from $647.2 million, as SG&A growth of $97.9 million outpaced sales gains. Management attributed the SG&A increase to strategic investments in corporate overhead, store payroll, and marketing. The company ended the period with $414.0 million in cash, no borrowings under its credit facility, and merchandise inventories of $2.0 billion, up 10.1% from a year earlier. Cash flow remained sizable, with operating cash flow of $358.9 million for the first 26 weeks, against $186.3 million in capital expenditures. Ulta repurchased $501.8 million of common stock in the period, and $1.6 billion remained under its 2024 $2.0 billion repurchase authorization. The company operated 1,411 stores as of August 3, 2024, and management stated that macroeconomic and inflationary pressures may continue to weigh on consumer spending.

Aug 29, 2024 8-K

Ulta Beauty 8-K Report, Shareholder Vote Results (Jun 17, 2024)

Ulta Beauty, Inc. held its 2024 annual meeting of stockholders on June 11, 2024, and stockholders approved all three proposals presented. The record date was April 12, 2024, when 47,935,024 shares of common stock were outstanding and eligible to vote, and approximately 87.35% of all shares were represented in person or by proxy at the meeting. All eight director nominees were elected to serve until the 2025 annual meeting. Michael C. Smith received the highest support at 99.72% of votes cast, while Catherine A. Halligan received the lowest at 93.63%. Stockholders also ratified Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2024, ending February 1, 2025, with 92.09% of votes in favor. In an advisory vote, stockholders approved the company's executive compensation, with 89.19% of votes in favor, 9.43% against and 1.38% abstaining. The filing reports the final voting results only and does not describe any other corporate actions.

Jun 17, 2024 10-Q

Ulta Beauty Quarterly Report for Q1 Ended May 4, 2024

Ulta Beauty, Inc. reported net sales of $2,725,848 thousand ($2.7 billion) for the 13 weeks ended May 4, 2024, up from $2,634,263 thousand in the prior-year quarter, with the filing stating an increase of $91.6 million or 3.5%. Comparable sales rose 1.6%, driven by a 1.3% increase in transactions and a 0.3% increase in average ticket. Gross profit increased to $1.07 billion, but gross margin declined to 39.2% of net sales from 40.0%, which the company attributed primarily to lower merchandise margins and higher inventory shrink. Profitability declined year over year. SG&A expenses rose $53.8 million, or 8.8%, to $665.9 million, reflecting higher corporate overhead for strategic investments, higher store payroll and benefits, and higher store expenses. Operating income fell to $400,948 thousand from $442,070 thousand, and net income decreased to $313.1 million from $347.1 million. Diluted earnings per share were $6.47 versus $6.88 a year earlier. Cash generated from operations fell to $159.3 million from $304.9 million, and cash and cash equivalents ended the quarter at $524.6 million. The company repurchased 588,004 shares for a total cost of $287.4 million during the quarter and, in March 2024, authorized a new $2.0 billion share repurchase program, with $1.8 billion remaining as of May 4, 2024. The revolving credit facility, amended in March 2024 and maturing in 2029, had no outstanding borrowings. The store count reached 1,395, up from 1,359 a year earlier.

May 30, 2024 8-K

Ulta Beauty 8-K Report, Financial Results (May 30, 2024)

Ulta Beauty, Inc. furnished a press release (Exhibit 99.1) announcing consolidated results for the first quarter ended May 4, 2024. Net sales were $2.7 billion ($2,725.8 million) compared with $2.6 billion in the year-ago quarter, with comparable sales increasing 1.6%, driven by a 1.3% increase in transactions and a 0.3% increase in average ticket. Net income was $313.1 million, or $6.47 per diluted share, versus $347.1 million, or $6.88 per diluted share, a year earlier. Operating income was $400.9 million (14.7% of net sales) versus $442.1 million (16.8%), with gross profit margin falling to 39.2% from 40.0% on lower merchandise margins and higher inventory shrink, and SG&A rising to 24.4% of net sales from 23.2%, primarily from higher corporate overhead for strategic investments. The company updated its fiscal 2024 outlook, lowering net sales guidance to $11.5 billion to $11.6 billion (from $11.7 billion to $11.8 billion), comparable sales guidance to 2% to 3% (from 4% to 5%), operating margin to 13.7% to 14.0% (from 14.0% to 14.3%), and diluted EPS to $25.20 to $26.00 (from $26.20 to $27.00). Management stated it anticipates the first-quarter dynamics will continue for the balance of the year. Other highlights include cash and cash equivalents of $524.6 million, merchandise inventories of $1.9 billion, the repurchase of 588,004 shares for $285.1 million, and $1.8 billion remaining under the $2.0 billion repurchase program announced in March 2024. The filing also reports that 12 new stores were opened, two closed and one relocated during the quarter, bringing the store count to 1,395 (14.6 million square feet). The filing lists forward-looking risk factors, including macroeconomic conditions, consumer spending, and inventory management, and references the Form 10-K for the fiscal year ended February 3, 2024.

May 30, 2024 8-K

Ulta Beauty 8-K Report, Corporate Update (Apr 4, 2024)

Ulta Beauty, Inc. filed this Form 8-K under Item 8.01 (Other Events) on April 4, 2024, to disclose remarks made at a Fireside Chat at J.P. Morgan's 10th Annual Retail Roundup investor conference held on April 3, 2024. The webcast was made available live on the Company's website, with a replay available for a limited time. The filing states that the Company discussed moderating growth trends in the U.S. Beauty category and potential impacts during the first quarter of 2024. The most important investor takeaway is that the Company reaffirmed its projected full year fiscal 2024 guidance, as originally provided in its fourth quarter fiscal 2023 financial results press release dated March 14, 2024. The filing does not provide the specific guidance figures or quantify the expected first-quarter impacts. The filing includes a standard forward-looking statements disclaimer, noting that the Company does not undertake to publicly update or revise its forward-looking statements except as required by federal securities laws. The report was signed by Jodi J. Caro, General Counsel, Chief Risk & Compliance Officer and Corporate Secretary.

Apr 4, 2024 10-K

Ulta Beauty Annual Report, Year Ended Feb 3, 2024

Ulta Beauty, Inc. reported fiscal 2023 (the 53-week year ended February 3, 2024) with net sales of $11.21 billion, up from $10.21 billion in fiscal 2022, and net income of $1.29 billion, compared with $1.24 billion a year earlier. Comparable sales rose 5.7%, driven by a 7.4% increase in transactions partly offset by a 1.5% decrease in average ticket. Gross profit margin declined to 39.1% from 39.6%, mainly due to 80 basis points of merchandise margin deleverage from higher promotional activity and category mix, and 40 basis points of inventory shrink deleverage. SG&A rose to 24.0% of net sales from 23.5%, reflecting corporate overhead investments and wage investments. The company ended the year with $766.6 million in cash and cash equivalents, no outstanding borrowings under its credit facility, and $1.48 billion in operating cash flow. It repurchased $1.01 billion of common stock during the year, and as of February 3, 2024, $99.9 million remained under the 2022 repurchase authorization. On March 12, 2024, the Board authorized a new $2.0 billion repurchase program, and on March 13, 2024, the company amended its revolving credit facility to $800.0 million with a maturity of March 13, 2029. Management expects fiscal 2024 capital expenditures of up to $490 million, primarily for new, remodeled and relocated stores and for information technology and supply chain investments. The company operated 1,385 stores across 50 states at year end, opened 33 stores and closed 3 during the year, and planned to open a second market fulfillment center in fiscal 2024. Management highlighted ongoing risks from inflation, elevated interest rates, labor and transportation cost pressures, and inventory shrink, which it said had been rising relative to historical levels.

Mar 26, 2024 8-K

Ulta Beauty 8-K Report, Financial Results (Mar 14, 2024)

Ulta Beauty, Inc. reported fourth-quarter fiscal 2023 results for the fourteen-week period ended February 3, 2024, which included an extra 53rd week. Net sales rose to $3.55 billion from $3.23 billion in the prior-year quarter, comparable sales increased 2.5% (driven by a 4.5% increase in transactions and a 1.9% decrease in average ticket), and net income was $394.4 million, or $8.08 per diluted share, versus $6.68 a year earlier. The filing states the 53rd week contributed approximately $181.9 million in net sales and $0.46 of diluted EPS. Operating income was $517.1 million, or 14.5% of net sales. For the full fiscal year, net sales were $11.21 billion, comparable sales rose 5.7%, operating margin was 15.0% (versus 16.1%), and diluted EPS was $26.03. For fiscal 2024, Ulta guided to net sales of $11.7 billion to $11.8 billion, comparable sales growth of 4% to 5%, operating margin of 14.0% to 14.3%, and diluted EPS of $26.20 to $27.00, with approximately $1 billion in planned share repurchases. Management noted the near-term macroeconomic environment remains dynamic. The company also announced a joint venture with Axo to launch and operate Ulta Beauty in Mexico in 2025, and its board approved a new $2.0 billion share repurchase authorization with no expiration date, replacing the March 2022 program. The company amended its revolving credit facility, extending maturity to March 13, 2029, with maximum revolving loans of the lesser of $800 million or a percentage of eligible owned inventory. The company ended the year with $766.6 million in cash, no revolver borrowings, and 1,385 stores totaling 14.5 million square feet. Fourth-quarter merchandise inventories rose 8.6% to $1.7 billion, which management attributed to new brand launches, net new stores, a new distribution center, and product cost increases.

Mar 14, 2024 8-K

Ulta Beauty 8-K Report, Executive Changes (Nov 30, 2023)

Ulta Beauty, Inc. filed this Form 8-K on November 30, 2023 under Item 5.02 to announce a chief financial officer succession. Scott M. Settersten, the Company's Chief Financial Officer, Treasurer and Assistant Secretary, intends to retire effective April 1, 2024. Paula M. Oyibo, currently Senior Vice President, Finance, will succeed him as CFO on that date and will report to CEO Dave Kimbell. Oyibo, 44, has overseen the Financial Planning & Analysis, Treasury and Non-Merchandise Procurement functions since February 2022, and joined Ulta Beauty in 2019 as Vice President of Finance for Merchandise, Marketing, and eCommerce. Before Ulta Beauty she held finance and controller roles at Whirlpool Corporation and auditing and consulting positions at PricewaterhouseCoopers LLP. The press release (Exhibit 99.1) credits Settersten with a nearly 20-year tenure, more than 10 years as CFO, over 800 new stores added, net sales quadrupled to more than $10 billion annually, market capitalization of $20 billion, and total shareholder returns of more than 375%. The release also describes Settersten's recent work to modernize the company's infrastructure as a priority he leaves for future growth. The filing states that Ulta Beauty operates 1,374 retail stores across 50 states. For investors, the filing signals a planned, internally sourced leadership transition rather than an external hire, with a roughly four-month window before the change takes effect. The filing itself does not disclose any change to financial guidance or results.

Nov 30, 2023 10-Q

Ulta Beauty Quarterly Report for Q3 Ended Oct 28, 2023

Ulta Beauty, Inc. reported its Form 10-Q for the 13 and 39 weeks ended October 28, 2023. For the third quarter, net sales rose to $2.49 billion from $2.34 billion, and comparable sales increased 4.5%, driven by a 5.9% increase in transactions and a 1.4% decrease in average ticket. Net income declined to $249.5 million from $274.6 million, primarily because SG&A expenses increased $64.2 million, partly offset by a $29.3 million increase in gross profit. Gross margin fell to 39.9% from 41.2%, citing lower merchandise margin, higher inventory shrink, and higher supply chain costs. For the 39 weeks, net sales reached $7.65 billion, up from $6.98 billion, with comparable sales up 7.3%. Net income was $896.6 million versus $901.7 million a year earlier, and diluted EPS was $17.99 compared with $17.35. Operating cash flow was $358.0 million, down from $573.4 million, mainly due to a $717.9 million increase in merchandise inventories. Cash and cash equivalents fell to $121.8 million, while $195.4 million was drawn on the credit facility at a weighted average rate of 8.21%. The company repurchased $848.4 million of common stock during the 39 weeks under its $2.0 billion authorization, leaving $259.4 million available as of October 28, 2023. The filing states that the company operated 1,374 stores and that there have been no material changes to the risk factors in its Form 10-K for the year ended January 28, 2023. Management concluded that disclosure controls and procedures were effective.

Nov 30, 2023 8-K

Ulta Beauty 8-K Report, Financial Results (Nov 30, 2023)

Ulta Beauty, Inc. reported third-quarter fiscal 2023 results for the thirteen weeks ended October 28, 2023, with net sales of $2.49 billion (2,488.9 million), up from $2.34 billion a year earlier. Comparable sales increased 4.5%, driven by a 5.9% increase in transactions and a 1.4% decrease in average ticket, though this was well below the 14.6% comparable sales increase in the prior-year quarter. Net income was $249.5 million, or $5.07 per diluted share, compared with $274.6 million, or $5.34 per diluted share, a year earlier. Gross profit as a percentage of net sales declined to 39.9% from 41.2%, and operating income fell to $327.2 million, or 13.1% of net sales, from $361.9 million, or 15.5%. For the first nine months of fiscal 2023, net sales rose to $7.65 billion from $6.98 billion and comparable sales increased 7.3%. Net income was $896.6 million, or $17.99 per diluted share, versus $901.7 million, or $17.35 per diluted share, a year earlier. Management updated fiscal 2023 guidance, raising the net sales range to $11.10 billion to $11.15 billion, the comparable sales range to 5.0% to 5.5%, the diluted EPS range to $25.20 to $25.60, and planned share repurchases to approximately $950 million, while lowering the capital expenditure range to $400 million to $425 million. The company ended the quarter with $121.8 million in cash and $195.4 million of short-term debt drawn on its revolving credit facility. The filing also reports that Ulta repurchased 686,689 shares for $281.5 million in the third quarter, leaving $259.4 million available under its $2.0 billion repurchase program. The company operated 1,374 stores at quarter end and reported a loyalty program of 42.2 million members.

Nov 30, 2023 8-K

Ulta Beauty 8-K Report, Executive Changes (Sep 18, 2023)

Ulta Beauty, Inc. (NASDAQ: ULTA) filed this Current Report on Form 8-K on September 18, 2023, to disclose under Item 5.02 that Kecia L. Steelman, the company's Chief Operating Officer, was named President and Chief Operating Officer effective as announced on September 13, 2023. The filing is a personnel and leadership update rather than a financial disclosure; no financial statements or financial results are included (Item 9.01 is marked not applicable for financial statements). According to the accompanying press release (Exhibit 99.1), Ms. Steelman's expanded role gives her responsibility for corporate strategy, information technology, store and services operations, supply chain, Ulta Beauty at Target, loss prevention, and enterprise-wide transformation and optimization efforts. She will continue to report to Chief Executive Officer Dave Kimbell. The company said the promotion reflects her increased scope and influence over the past year and its confidence in her leadership to drive profitable growth over the coming years. The filing also provides Ms. Steelman's background: she was named Chief Operating Officer in June 2021 after serving as Chief Store Operations Officer since September 2015, and she joined Ulta Beauty in July 2014 as Senior Vice President, Store Operations. The press release describes Ulta Beauty as the largest U.S. beauty retailer operating more than 1,350 retail stores across 50 states.

Sep 18, 2023 8-K

Ulta Beauty 8-K Report, Financial Results (Aug 24, 2023)

Ulta Beauty, Inc. (NASDAQ: ULTA) reported consolidated results for its second quarter of fiscal 2023, the thirteen weeks ended July 29, 2023, via a press release furnished as Exhibit 99.1. Net sales were $2,529.8 million, up from $2,297.1 million a year earlier, driven by higher comparable sales, strong new store performance, and growth in other revenue. Comparable sales increased 8.0%, versus 14.4% in the prior-year quarter, with a 9.0% increase in transactions offset by a 1.0% decrease in average ticket. Net income was $300.1 million, or $6.02 per diluted share, compared with $5.70 a year earlier. Operating income was $391.6 million, or 15.5% of net sales, compared with 17.0% a year earlier, as gross margin fell to 39.3% from 40.4% and SG&A rose to $600.7 million from $534.5 million. For the first six months of fiscal 2023, net sales were $5,164.1 million and diluted EPS was $12.90, compared with $12.00 a year earlier. Cash and cash equivalents ended the quarter at $388.6 million, and merchandise inventories rose to $1.82 billion. The company repurchased $275.5 million of stock in the quarter and had $541.0 million remaining under its $2.0 billion repurchase program. Management raised its fiscal 2023 outlook. Diluted EPS guidance moved to $25.10 to $25.60 from $24.70 to $25.40, comparable sales guidance moved to 4.5% to 5.5% from 4% to 5%, and net sales guidance moved to $11.05 billion to $11.15 billion from $11.0 billion to $11.1 billion. Operating margin guidance was narrowed to 14.6% to 14.8%, while share repurchases, capital expenditures and other items were unchanged.

Aug 24, 2023 10-Q

Ulta Beauty Quarterly Report for Q2 Ended Jul 29, 2023

Ulta Beauty, Inc. reported its second quarter of fiscal 2023 (13 weeks ended July 29, 2023) with net sales of $2.53 billion, up $232.7 million or 10.1% from $2.30 billion a year earlier, driven by a comparable sales increase of 8.0%, strong new store performance, and higher other revenue. Net income rose to $300.1 million from $295.7 million, and diluted earnings per share were $6.02 versus $5.70. Gross profit margin fell to 39.3% from 40.4%, reflecting lower merchandise margin, higher inventory shrink, and higher supply chain costs, while SG&A rose to 23.7% of net sales from 23.3%, driven by corporate overhead tied to strategic investments. For the 26 weeks ended July 29, 2023, net sales were $5.16 billion, up 11.2%, with comparable sales up 8.7%, and net income of $647.2 million compared with $627.1 million. Operating cash flow was $428.8 million versus $540.7 million a year earlier, mainly due to the timing of payables and accrued liabilities and a larger inventory build. Capital expenditures rose to $204.7 million from $120.5 million, and share repurchases totaled $559.0 million in cash flow terms during the period. Cash and cash equivalents ended the quarter at $388.6 million, and the company had no borrowings outstanding under its $1.0 billion revolving credit facility, which matures March 11, 2025. The company operated 1,362 stores across 50 states as of July 29, 2023, up from 1,325 a year earlier, and management reported no material changes to risk factors from its fiscal 2022 Form 10-K. The 2022 Share Repurchase Program authorizes up to $2.0 billion of common stock repurchases, and $540.956 million remained available under it at quarter end.

Aug 24, 2023 8-K

Ulta Beauty 8-K Report, Bylaw Amendment (Jun 7, 2023)

Ulta Beauty, Inc. filed this Form 8-K dated June 7, 2023 to report results from its 2023 annual meeting of stockholders held June 1, 2023, and to disclose additional amendments to its Bylaws approved by the Board afterward. Stockholders re-elected Michelle L. Collins, Patricia A. Little, Heidi G. Petz and Michael C. Smith as Class I directors, and approved amendments to declassify the Board and provide for annual election of directors, allow removal of directors by a majority of shares entitled to vote (with or without cause once declassification is approved), and replace all supermajority voting standards with majority standards for amendments to the Certificate of Incorporation and Bylaws. Each of these proposals passed, with the Certificate of Incorporation declassification proposal receiving 40,720,343 votes For and 27,587 Against. Stockholders also ratified Ernst & Young LLP as the independent registered public accounting firm for fiscal 2023, ending February 3, 2024, with 40,151,725 votes For and 3,758,350 Against. In an advisory vote, stockholders approved executive compensation with 36,362,068 votes For (89.11%) and 3,619,347 Against (8.87%). On the frequency of future say-on-pay votes, stockholders expressed a preference for every year, with 40,126,048 votes (98.37%); the Board determined to hold an advisory vote on executive compensation annually until the next frequency vote, scheduled for the 2029 annual meeting. On the governance side, the Board approved further Bylaw amendments that add a plurality carveout for contested director elections, require derivatives disclosure under the advance notice provisions, revise stockholder list provisions to conform to changes in Delaware General Corporation Law Section 219, and make minor edits to coordinate advance notice and proxy access provisions. Approximately 87.78% of the 50,088,578 eligible shares were represented at the meeting.

Jun 7, 2023 10-Q

Ulta Beauty Quarterly Report for Q1 Ended Apr 29, 2023

Ulta Beauty, Inc. reported results for the 13 weeks ended April 29, 2023 in its first-quarter Form 10-Q. Net sales rose to $2,634.3 million from $2,345.9 million, an increase of $288.4 million or 12.3%, driven by a total comparable sales increase of 9.3% (11.0% growth in transactions, offset by a 1.5% decrease in average ticket). Gross profit increased to $1,054.9 million, but gross margin slipped to 40.0% from 40.1%, reflecting higher inventory shrink, lower merchandise margins, higher supply chain costs and salon deleverage, partly offset by growth in other revenue. Net income was $347.1 million, or $6.88 per diluted share, compared with $331.4 million, or $6.30 per diluted share, a year earlier, helped by $7.3 million of net interest income and a lower effective tax rate of 22.8% versus 24.2%. SG&A expenses rose 22.2% to $612.1 million, or 23.2% of net sales versus 21.4%, driven by store payroll and benefits, corporate overhead tied to strategic investments, and marketing. The company ended the quarter with 1,359 stores, up from 1,318, and $636.4 million in cash with no borrowings under its credit facility. Operating cash flow was $304.9 million, down from $426.3 million, mainly due to a larger inventory build. Merchandise inventories rose 11.5% to $1.75 billion, and the company repurchased $285.8 million of common stock under its $2.0 billion 2022 Share Repurchase Program. Management stated that inflation did not materially affect sales in the quarter but warned that continued inflation or a recession could pressure consumer spending and margins. The filing reports no material changes to risk factors from the fiscal 2022 Form 10-K and no material changes to internal control over financial reporting.

May 25, 2023 8-K

Ulta Beauty 8-K Report, Financial Results (May 25, 2023)

Ulta Beauty, Inc. reported first-quarter fiscal 2023 results for the thirteen weeks ended April 29, 2023, in a press release furnished as Exhibit 99.1. Net sales rose 12.3% to $2.6 billion (from $2.3 billion), driven by a 9.3% increase in comparable sales, with transactions up 11.0% and average ticket down 1.5%. Net income increased 4.7% to $347.1 million, or $6.88 per diluted share, compared with $6.30 a year earlier, and the diluted EPS figure included a $0.14 benefit from income tax accounting for stock-based compensation. Profitability was mixed. Gross profit margin eased to 40.0% from 40.1%, reflecting higher inventory shrink, lower merchandise margins, and higher supply chain costs. SG&A rose 22.2% to $612.1 million, lifting it to 23.2% of net sales from 21.4%, and operating income grew only 1.0% to $442.1 million, with operating margin falling to 16.8% from 18.7%. The company opened four net new stores and ended the quarter with 1,359 stores. The company updated its fiscal 2023 outlook, raising net sales guidance to $11.0 billion to $11.1 billion from $10.95 billion to $11.05 billion, while lowering operating margin guidance to 14.5% to 14.8% from 14.7% to 15.0%. Diluted EPS guidance of $24.70 to $25.40, comparable sales growth of 4% to 5%, and share repurchases of approximately $900 million were unchanged. Cash and cash equivalents ended the quarter at $636.4 million, and $816.5 million remained under the $2.0 billion share repurchase program.

May 25, 2023 10-K

Ulta Beauty Annual Report, Year Ended Jan 28, 2023

Ulta Beauty, Inc. reported fiscal 2022 (ended January 28, 2023) net sales of $10.21 billion, up from $8.63 billion in fiscal 2021, with comparable sales increasing 15.6%. Gross profit rose to $4.04 billion, with gross margin of 39.6% versus 39.0% a year earlier, driven by fixed-cost leverage, other revenue growth and channel mix, partially offset by inventory shrink and merchandise margin deleverage. Operating income increased to $1.64 billion and net income rose to $1.24 billion, or $24.01 per diluted share, compared with $985.8 million a year earlier. The company operated 1,355 stores across 50 states at year-end and opened 47 new stores during the year. The balance sheet remained strong, with cash and cash equivalents of $737.9 million, no borrowings outstanding under its $1.0 billion secured revolving credit facility, and stockholders' equity of $1.96 billion. Cash provided by operating activities was $1.48 billion, while the company repurchased $900.0 million of common stock during the year and had $1.1 billion remaining under its 2022 share repurchase program. Management expects fiscal 2023 capital expenditures of up to $475 million, primarily for new, remodeled and relocated stores, information technology (including the Project SOAR ERP upgrade) and supply chain optimization. The filing highlights ongoing risks, including cost pressures from inflation, wages and shipping, rising shrink, reliance on top brand partners (top ten accounted for 56% of fiscal 2022 net sales), macroeconomic and consumer spending uncertainty, and cybersecurity exposure. Management states that inflation did not have a material impact on fiscal 2022 sales, but it expects inflationary cost pressures to continue in 2023.

Mar 24, 2023 8-K

Ulta Beauty 8-K Report, Financial Results (Mar 9, 2023)

Ulta Beauty, Inc. furnished a press release (Exhibit 99.1) dated March 9, 2023 reporting consolidated results for the fourth quarter and fiscal year ended January 28, 2023. Fourth-quarter net sales rose to $3.2 billion ($3,226.8 million) from $2.7 billion a year earlier, with comparable sales up 15.6%, driven by a 13.6% increase in transactions and a 1.8% increase in average ticket. Operating income reached $447.6 million, or 13.9% of net sales, and diluted earnings per share were $6.68, compared with $5.41 in the prior-year quarter. For fiscal 2022, net sales were $10.2 billion ($10,208.6 million), up from $8.6 billion, with comparable sales up 15.6% and diluted earnings per share of $24.01, compared with $17.98. Net income was $1.2 billion ($1,242.4 million). The company repurchased $900.0 million of its common stock during the year, and $1.1 billion remained available under its $2.0 billion repurchase program as of January 28, 2023. Cash and cash equivalents were $737.9 million at year end, and merchandise inventories were $1.6 billion. For fiscal 2023, the company guided to net sales of $10.95 billion to $11.05 billion, comparable sales growth of 4% to 5%, operating margin of 14.7% to 15.0%, and diluted earnings per share of $24.70 to $25.40. It plans approximately $900 million in share repurchases and capital expenditures of $400 million to $475 million.

Mar 9, 2023 8-K

Ulta Beauty 8-K Report, Executive Changes (Dec 16, 2022)

Ulta Beauty, Inc. filed this Current Report on Form 8-K dated December 16, 2022 to disclose under Item 5.02 that Heidi G. Petz has been elected to the Company's Board of Directors. Ms. Petz will serve as a Class I director and will stand for reelection at the 2023 annual meeting of stockholders. The filing states there is no arrangement or understanding between Ms. Petz and any other person under which she was selected, and no reportable related party transactions involving her under Item 404(a) of Regulation S-K. According to the attached press release (Exhibit 99.1), Ms. Petz is president and chief operating officer of The Sherwin-Williams Company, where she oversees all operating segments, including The Americas Group, the Performance Coatings Group, the Consumer Brands Group, and the Global Supply Chain organization. The release describes her as bringing more than 25 years of professional, commercial, retail and leadership experience, and notes prior roles at Newell Rubbermaid, Target Corporation and PricewaterhouseCoopers. Her election is effective December 16, 2022, and the Board will consist of 11 members. The release states that 55% of Board members are women, 36% are racially diverse, and 55% joined within the last five years. The filing does not report any financial results, guidance, or compensation terms for Ms. Petz, so the event is primarily a board-composition and governance update.

Dec 16, 2022 10-Q

Ulta Beauty Quarterly Report for Q3 Ended Oct 29, 2022

Ulta Beauty, Inc. reported results for the 13 and 39 weeks ended October 29, 2022 in its Form 10-Q filed December 1, 2022. For the third quarter, net sales rose $343.0 million, or 17.2%, to $2.3 billion, driven by comparable sales growth of 14.6%, which reflected a 10.7% increase in transactions and a 3.5% increase in average ticket. Gross profit increased 22.0% to $962.8 million, with gross margin rising to 41.2% from 39.6%. Net income increased 27.5% to $274.6 million, or $5.34 per diluted share, compared with $215.3 million a year earlier. For the 39 weeks, net sales increased 18.3% to $7.0 billion, comparable sales rose 15.6%, and net income increased 29.5% to $901.7 million. SG&A expenses rose 15.7% to $1.6 billion, though as a percentage of net sales they declined to 23.4% from 23.9%, mainly due to lower marketing expenses. Operating cash flow was $573.4 million for the period, and the company repurchased $571.9 million of common stock. Cash and cash equivalents fell to $250.6 million, and the company had no borrowings outstanding under its $1.0 billion credit facility. Merchandise inventories rose to $2.11 billion, and $1.4 billion remained available under the 2022 Share Repurchase Program. Management cited strategic investments in corporate overhead and store payroll as sources of SG&A deleverage, and noted that inflation had not materially affected sales year to date, while warning that continued inflationary pressure could affect consumer spending and margins. The company also implemented a new enterprise resource planning system in the third quarter of 2022.

Dec 1, 2022