Ulta Beauty Appoints Michelle Collins as Director
Oct 13 14
Ulta Beauty announced that Michelle Collins, President of Cambium LLC has been appointed to its Board of Directors, and as a member of its nominating and corporate governance and audit committees, effective October 13, 2014. Ms. Collins joins the company Board with 28 years of experience in corporate finance and business consulting. She has been the President of Cambium LLC since 2007. Previously, she was Managing Director and co-founder of Svoboda Capital Partners LLC. She began her career in 1986 at William Blair & Company where she held the position of Principal, Corporate Finance from 1992 to 1997, focusing on specialty retail, catalog and distribution businesses in corporate finance. Ms. Collins has been a member of the Board of Directors of Integrys Energy Group, Inc. since 2011, and currently serves as the chair of its governance committee and a member of its audit committee. Ms. Collins was a director of CDW, from 1996 to 2007 and served as the chair of the audit committee and, for a period, as a member of the compensation committee. She was a board member of Coldwater Creek, Inc. She also served on the board of Molex, Inc. from 2003 to 2013, including as a member of its audit committee and nominating and corporate governance committee. She served as a board member of Bucyrus International, Inc. from 2009 to 2011, including as a member of its audit committee. Ms. Collins serves on the boards of several civic organizations and private companies. She has been a member of the Advisory Board of Svoboda Capital Partners since 2007.
IT Cosmetics and ULTA Beauty Announce Exclusive Partnership with the Launch of Makeup Brush
Oct 2 14
IT Cosmetics and ULTA Beauty announced an exclusive partnership with the launch of a makeup brush co-brand, IT Brushes for ULTA. Known for problem solving, skin-loving prestige cosmetics and unparalleled luxurious quality makeup brushes, IT Cosmetics partnered with ULTA to craft an exclusive offering of three unique and distinct makeup brush collections, featuring a total of 56 custom-cut brushes plus nine brush sets. Providing sophistication and practicality for all women, from the beauty guru to the makeup novice, these 100% cruelty-free, animal-free brush collections utilize cutting-edge innovative technology and craftsmanship and aim to revolutionize the way women across America apply their makeup, no matter which brand of makeup they choose. The IT Brushes for ULTA collection can be experienced in-store at the new IT Brush Boutique in ULTA Beauty doors as well as online through a dedicated microsite brand page featuring enhanced video content, tips and education. The assortment of IT Brushes for ULTA features three distinct and exclusive collections: the AIRBRUSH Essentials Collection, the LIVE BEAUTY FULLY Inspired Collection and the VELVET LUXE Blurring Collection. The full brush assortment features a total of 56 custom-cut brushes from foundation paddle brushes to powder kabukis, plus 9 signature travel brush sets designed to suit every need. The newly installed and dynamic, fully lit IT Brush Boutiques will also be comprised of special endcap fixtures where the top 12 'Must-Have' brushes will be featured and promoted. The full IT Brushes for ULTA assortment will be available NOW in 500+ ULTA Beauty stores. A more limited assortment of the collections' top 12 'must-have' brushes will be available in select locations nationwide. ULTA Beauty will continue to retail the complete collection of award-winning, problem-solving color cosmetics offered by IT Cosmetics in all stores as well as online.
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
Sep 11 14
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.