财务数据和关键指标变化 - 第一季度净销售额增长3.5%至27亿美元,同店销售增长1.6% [7] - 营业利润率为14.7% [7] - 每股摊薄收益为6.47美元 [7] 各条业务线数据和关键指标变化 - 香水类同店销售实现两位数增长,主要受益于新品牌推出和情人节带动的男女香水销售增长 [42] - 护肤品类同店销售中单位增长,主要受益于身体护理和面膜类产品的两位数增长,但高端护肤品类销售下降 [43][44] - 美发类同店销售小幅增长,主要受益于美发工具新品和半年度美发活动以及大众美发产品的强劲表现 [45] - 彩妆类同店销售中单位下降,新品牌和奢华彩妆平台表现强劲,但被一些去年表现出色的品牌销售下滑和单品销量不达预期所抵消 [46] - 服务业务同店销售高单位增长,主要受益于美发护理、专业服务和核心美发服务的增长 [47] 各个市场数据和关键指标变化 - 电商销售高单位增长,实体店销售与去年持平 [40] - 公司在大众美妆市场份额增长,但在高端美妆市场份额有所下降,主要集中在彩妆和美发品类 [24][25] 公司战略和发展方向及行业竞争 - 公司在过去3年经历了前所未有的扩张和竞争加剧,但有信心通过采取一系列措施来巩固和扩大领导地位 [12] - 公司将通过加强产品组合、提升社交影响力、优化数字体验、发挥会员计划优势和调整促销策略等方式来推动业绩增长 [27]-[35] - 美妆行业竞争日益激烈,过去2年新增1000多个销售点,品牌线上渠道也在不断扩展,给公司带来一定压力 [23][24] 管理层对经营环境和未来前景的评论 - 公司对自身模式和长期可持续价值创造充满信心,正在采取措施应对当前的竞争压力 [8][63][64] - 预计2024财年美妆行业将实现中单位数增长,公司有信心通过各项举措推动更强劲的收入增长 [36] - 公司将在2024年10月的分析师日分享更长期的市场份额增长计划 [26] 其他重要信息 - 公司完成了数字商店转型的最后阶段,并完成了分销中心ERP系统的升级 [19]-[21] - 公司已将30%的门店迁移到新的ERP系统,带来了一系列业务优化 [21] - 公司计划在2024财年回购10亿美元的股票,反映了现金流的强劲和对未来的信心 [61] 问答环节重要的提问和回答 问题1 **Simeon Siegel 提问** 对于公司调低全年指引,是否已经足够保守,并且是否有信心能够重回长期利润率目标 [68] **Dave Kimbell 和 Paula Oyibo 回答** - 公司对全年展望仍然充满信心,正在采取多项措施来推动业绩增长 [69][70][73] - 由于同店销售低于长期算法,导致无法充分发挥固定成本的杠杆作用,这是导致利润率指引下调的主要原因 [73] - 公司将在10月的分析师日分享更多关于未来增长机会和财务影响的信息 [73] 问题2 **Simeon Gutman 提问** 关于竞争环境中品牌分销渠道扩张的影响,以及公司目前的毛利率水平是否已经接近历史高点 [78] **Dave Kimbell 和 Paula Oyibo 回答** - 竞争环境不断升级,品牌分销渠道扩张给公司带来一定压力,但公司有信心凭借自身的差异化优势和与品牌的深厚合作关系来应对 [79]-[81] - 公司2020年的毛利率水平较2019年提高约200个基点,主要得益于持续的品类组合优化和促销效率提升,未来一年仍面临一定的毛利率压力 [82]-[84] 问题3 **Kate McShane 提问** 关于公司计划增加的营销投入,具体规模和预期效果 [92] **Dave Kimbell 回答** - 公司将继续保护营销、门店人员等关键投入,以支持业绩增长,这已反映在调整后的利润率指引中 [93]-[96] - 公司将通过社交媒体等渠道加强品牌影响力和客户互动,并与品牌合作方进一步深化合作 [93]-[96] - 这些营销投入已经在第一季度产生了良好效果,推动了客流和会员活跃度的提升 [93]-[96]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended May 4, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____________ to _____________ Commission File Number: 001-33764 ULTA BEAUTY, INC. (Exact name of Registrant as specified in its charter) Delaware 38-402226 ...

净销售额及利润 - 第一季度财报显示，Ulta Beauty的净销售额为27.25亿美元，同比增长3.5%[1] - 毛利润为10.7亿美元，同比增长1.4%，但毛利率下降至39.2%[4] - 营业利润为4.009亿美元，占净销售额的14.7%[6] - 净利润为3.1311亿美元，每股稀释收益为6.47美元[7] 费用及支出 - 同店销售增长1.6%，主要由于交易量增加了1.3%[3] - 销售、一般和管理费用增加至6.659亿美元，占净销售额的24.4%[5] 资产及财务状况 - 现金及现金等价物为5.246亿美元[8] - 存货净额增至19亿美元，主要用于支持新品牌推出和新店开业[9] 公司行动及展望 - 公司回购了价值2.851亿美元的588,004股普通股[10] - 公司更新了2024财年的展望，将净销售额预期调整为115亿至116亿美元，同店销售增长预期为2%至3%[12] 业务发展及店铺情况 - 2024年第一季度，Ulta Beauty, Inc.的净收入为313,113千美元，较上年同期的347,051千美元有所下降[20] - Ulta Beauty, Inc.在第一季度开设了12家新店，关闭了2家店，使得季末总店数达到1,395家[21] 产品销售比例 - 化妆品占Ulta Beauty, Inc.净销售额的比例为42%，护肤品为23%，发型护理为19%[22]

The company is going through a rough patch but should be fine over the long term. It used to be smooth sailing for Ulta Beauty (ULTA 1.50%) shareholders. The retailer, focused on the beauty market, has beaten the market since going public close to 20 years ago. It's now up 1,190% compared to the S&P 500's 381% total return. Unfortunately, this year has not been so kind. Ulta's stock is down 22% year to date even though the S&P 500 is up 12% and pushing through to all-time highs on the back of the artificial ...

There are multiple paths to good returns for shareholders. Shares of cosmetics retail chain Ulta Beauty (ULTA 1.50%) are down more than 30% from all-time highs. But this is not a business in decline at all. And it's quite easy to prove. Ulta Beauty had zero long-term debt as of February 2024. As investing great Peter Lynch used to say, "It's very hard to go bankrupt when you don't have any debt." To this I'll add that it's even harder to go bankrupt when a company is also profitable. And Ulta is very profit ...

In the latest trading session, Ulta Beauty (ULTA) closed at $381.78, marking a +1.5% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.7%. On the other hand, the Dow registered a gain of 0.01%, and the technology-centric Nasdaq increased by 1.1%. Shares of the beauty products retailer witnessed a loss of 7.81% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 1.98% and the S&P 500's gain of 4.03%. The investment communi ...

Wall Street analysts forecast that Ulta Beauty (ULTA) will report quarterly earnings of $6.24 per share in its upcoming release, pointing to a year-over-year decline of 9.3%. It is anticipated that revenues will amount to $2.73 billion, exhibiting an increase of 3.5% compared to the year-ago quarter. Over the last 30 days, there has been a downward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Ulta Beauty (ULTA) reports results for the quarter ended April 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on May 30, 2024, might help the stock move higher if these key numbers are better than expecta ...

Ulta Beauty (ULTA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this beauty products retailer have returned -8.9%, compared to the Zacks S&P 500 composite's +7.3% change. During this period, the Zacks Retail - Miscellaneous industry, which Ulta falls in, has gained 2.2%. The key question now is: What could be the stock's future direction? Altho ...

DoorDash says it is expanding its 3-year-old partnership with Ulta Beauty. The company announced in a news release provided to PYMNTS Monday (May 20) that it was now offering on-demand and same-day delivery of beauty products from more than 1,350 locations across all 50 states. The partnership marks Ulta’s introduction to consumers shopping on the DoorDash marketplace and the first time all DoorDash customers in the U.S. users will have access to a beauty retailer on the platform. “As the largest beauty ret ...