Last $118.17 USD
Change Today -0.15 / -0.13%
Volume 742.9K
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As of 5:20 PM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

ulta salon cosmetics & fragr (ULTA) Key Developments

Ulta Beauty Plans to Open 50 Stores in the Third Quarter of 2014

Ulta Beauty planned to open 50 stores in the third quarter of 2014.

ULTA Salon, Cosmetics & Fragrance, Inc. Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended August 2, 2014; Provides Earnings Guidance for the Third Quarter of Fiscal 2014; Revises Earnings Guidance for the Fiscal Year 2014

ULTA Salon, Cosmetics & Fragrance, Inc. announced unaudited consolidated earnings results for second quarter and six months ended August 2, 2014. For the quarter, net sales were $734,236,000 against $600,998,000 a year ago. Operating income was $97,979,000 against $72,868,000 a year ago. Income before income taxes was $98,188,000 against $72,886,000 a year ago. Net income was $60,794,000 against $44,911,000 a year ago. Basic and diluted net income per common share was $0.94 against $0.70 a year ago. Comparable store sales increased 9.6% compared to an increase of 8.4% for the same period last year. For the six months, net sales were $1,448,006,000 against $1,183,710,000 a year ago. Operating income was $178,860,000 against $140,563,000 a year ago. Income before income taxes was $179,269,000 against $140,605,000 a year ago. Net income was $110,747,000 against $86,737,000 a year ago. Diluted net income per common share was $1.71 against $1.35 a year ago. Net cash provided by operating activities was $133,228,000 against $84,520,000 a year ago. Purchases of property and equipment were $94,097,000 against $98,029,000 a year ago. Comparable store sales increased 9.2% compared to an increase of 7.6% for the same period last year. For the third quarter of fiscal 2014, the company currently expects net sales in the range of $724 million to $736 million, compared to actual net sales of $618.8 million in the third quarter of fiscal 2013. Comparable store sales for the third quarter of 2014 are expected to increase 6% to 8%. The company reported a comparable store sales increase of 6.8% in the third quarter of 2013. Income per diluted share is estimated to be in the range of $0.79 to $0.84. This compares to income per diluted share for the third quarter of fiscal 2013 of $0.70. The company is raising its previously announced fiscal 2014 guidance. The company now plans to achieve comparable store sales growth of approximately 7% to 8%, including the impact of the e-commerce business; increase total sales in the 20% range; deliver earnings per share growth in the 20% range; incur capital expenditures of approximately $265 million in fiscal 2014, compared to $226 million in fiscal 2013; and generate free cash flow in excess of $100 million.

ULTA Salon Seeks Acquisitions

ULTA Salon, Cosmetics & Fragrance, Inc. (NasdaqGS:ULTA) plans to maintain strong balance sheet and maintain enough cash to invest in organic growth, as well as to keep some dry powder for potential acquisitions or partnerships in the future.

Ulta Beauty Opens in Steele Creek

Ulta Beauty opened its newest location on August 29, 2014 in southwest Charlotte. The 10,000-square foot store at the Shops at RiverGate South offers 20,000 beauty products and a full-service salon. Items include cosmetics, fragrances, hair and skin care products, bath and body products and salon styling tools. RiverGate South is a 150,000-square-foot shopping center at the intersection of Steele Creek and Walker Branch roads, in the Steele Creek community. The 22-acre development is adjacent to the RiverGate Shopping Center. Both are being developed by Childress Klein Properties.

Dermalogica Launches the New Power Resurfacing Peel, an Exclusive Treatment for All ULTA Beauty Locations

Dermalogica and ULTA Beauty joined forces to introduce Dermalogica's new Power Resurfacing Peel, a professional, exfoliation treatment, customized to each person's unique skin conditions, will be offered exclusively to ULTA Beauty customers nationwide. The benefits of Power Resurfacing Peel include improving cell-turnover and collagen production, decreasing surface roughness, reducing breakouts and fine lines, and fading hyperpigmentation. Unlike most peels, Power Resurfacing Peel requires 30 minutes and delivers immediate results with no downtime for recovery. Dermalogica is the exclusive professional skincare brand at Ulta offering professional skin treatments. The Power Resurfacing Peel joins the current menu of skin treatments which includes 20-minute targeted MicroZone treatment and 60-minute full facial treatments. While there is no downtime, Dermalogica recommends that clients adhere to the post-treatment at-home care instructions as provided by their professional skin therapist to achieve optimal results. Clients are recommended to use Power Resurfacing Peel After Care Kit, which contains a one-week supply of UltraCalming Cleanser, UltraCalming Mist, UltraCalming Serum Concentrate, Daily Microfoliant and Dynamic Skin Recovery SPF50, in order to achieve optimum results. Dermalogica's Power Resurfacing Peel will be available at ULTA Beauty locations for $40 per treatment session, and $90 (a $120 value) for a series of three treatments, starting in August, 2014. Receive a complimentary Power Resurfacing Peel After Care Kit (a $25 value) with the purchase of a three treatment series.

 

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ULTA

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Valuation ULTA Industry Range
Price/Earnings 33.7x
Price/Sales 2.6x
Price/Book 6.8x
Price/Cash Flow 33.6x
TEV/Sales 2.4x
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