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Ulta Beauty Announces Record First Quarter Fiscal 2021 Results, set to open 40 new stores

Friday, May 28, 2021

Ulta Beauty, Inc. (NASDAQ: ULTA) today announced financial results for the first quarter ended May 1, 2021. “The Ulta Beauty team delivered an outstanding start to the year, with sales and earnings exceeding fiscal 2020 and fiscal 2019 first quarter levels,” said Mary Dillon, chief executive officer. We have emerged from 2020 with strong momentum in our sales trends, market share gains, and consumer sentiment, as increasing consumer confidence, the relaxation of restrictions, and a desire for newness drive increased engagement with the beauty category, our differentiated model, combined with our ongoing efforts to create meaningful guest connections, position us well to lead through the category recovery.” First Quarterly Summary
  • Net Sales of $1.9 Billion Compared to $1.2 Billion in the Year-Ago Quarter
  • Comparable Sales Increased 65.9%
  • Net Income of $230.3 Million or $4.10 Per Diluted Share
The Company has updated its outlook for fiscal 2021. 
  • Net sales – Prior FY21 Outlook $7.2 billion to $7.3 billion, Updated FY21 Outlook $7.7 billion to $7.8 billion
  • Comparable sales – Prior FY21 Outlook 15% to 17%, Updated FY21 Outlook 23% to 25%
Source: Ulta Beauty IR 2021-05-27 Photo Credit: Ulta.com

 

About Ulta Beauty At Ulta Beauty (NASDAQ: ULTA), the possibilities are beautiful. 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. Today, Ulta Beauty has grown to become the top national retailer offering the complete beauty experience. Ulta Beauty brings possibilities to life through the power of beauty each and every day in our stores and online with more than 25,000 products from approximately 500 well-established and emerging beauty brands across all categories and price points, including Ulta Beauty’s own private label. Ulta Beauty also offers a full-service salon in every store featuring hair, skin, brow, and make-up services. Ulta Beauty is recognized for its commitment to personalized service, fun and inviting stores and industry-leading Ultamate Rewards loyalty program. As of February 1, 2020, Ulta Beauty operates 1,254 retail stores across 50 states and also distributes its products through its website, which includes a collection of tips, tutorials, and social content. For more information, visit www.ulta.com.

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