Ulta Beauty Reports Fourth Quarter and FY 2019 Earnings

Published on: 16 Mar, 2020

Ulta Beauty, Inc. (NASDAQ: ULTA)
reported financial results for the fourth quarter and fiscal 2019.  Net sales for the fourth quarter increased 8.5% to USD 2.305 Billion, an increase from USD 2.124 Billion.  Operating income rose 2.3% to USD 287.8 Million or 12.5% of net sales.  Earnings per share increased 3.7% to USD 222.7 Million an increase from USD 214.7 Million a year ago.

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.

“The Ulta Beauty team delivered results for the fourth quarter at the high end of our expectations, and I am proud of how our teams worked together to serve our guests this holiday season,” said Mary Dillon, Chief Executive Officer. “Our enhanced omnichannel capabilities, combined with our merchandise exclusives, cross-category marketing events, and great execution by our store teams, enabled us to expand our market share and deliver a successful quarter.”

In the fourth quarter, the company repurchased a total of 681,458 shares of common stock at a value of USD 174.1 Million.  On March 10th, the company board of directors

For fiscal 2020, the company plans to open 75 new stores and execute 15 remodel/relocation projects as it completes 42 store refreshes.  Earning per share is expected to range from USD 12.55 to USD 12.75.

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Danny Abramov

Email: danny@financialinsiders.com

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