Ulta Beauty Announces Long-Term Financial Targets and Strategic Priorities
19 Outubro 2021 - 9:00AM
Business Wire
Company to Host Virtual 2021 Analyst and
Investor Conference Today at 8:30am Central Time
Ulta Beauty, Inc. (NASDAQ: ULTA) will host its 2021 virtual
analyst and investor conference today, Tuesday, October 19, 2021
starting at 8:30 a.m. Central Time. In conjunction with the event,
the company is announcing longer-term financial targets and
providing an update on its strategic priorities.
“Reflecting our understanding about how the consumer and beauty
category are evolving, we have refreshed our strategic framework,
and we are excited to share our vision for Ulta Beauty’s future. We
have a long record of disruption, creativity and success, and we
intend to build on this foundation and continue to lead the beauty
category, seamlessly connecting physical and digital channels,
expanding our market share, and increasing member loyalty,” said
Dave Kimbell, chief executive officer. “We are optimistic about the
opportunities ahead and believe the power of the beauty category,
paired with our proven business model, experienced leadership team,
and values-based culture, positions Ulta Beauty to continue to
deliver long-term value for shareholders.”
Long-Term Financial Targets
Ulta Beauty is announcing long-term financial targets for fiscal
2022 through 2024.
Financial Metric
Target*
Total net sales growth
5% to 7% (CAGR)
Net new store growth
50 stores per year
Comparable sales
3% to 5% annually
Operating profit (as a percentage of
sales)
13% to 14%
Diluted earnings per share
Low double-digit growth (CAGR)
Capital expenditures (as a percentage of
sales)
4% to 5%
*The long-term targets denoted with CAGR represent the
compounded annual growth rate utilizing 2019 as the base year.
Strategic Priorities:
At today’s conference, the company will share an updated
strategic framework to support its vision to be the most loved
beauty destination and the most admired retailer, as it continues
to increase market share and drive profitable growth. This
framework prioritizes the following elements:
- Drive breakthrough, disruptive growth by expanding the
definition of All Things Beauty;
- Evolve omnichannel experiences through connected physical and
digital ecosystems All In Your World;
- Expand and deepen the company’s presence across the beauty
journey for consumers as the Heart of the Beauty Community;
- Drive operational excellence and optimization;
- Protect and cultivate a world-class culture and talent;
and
- Expand the company’s environmental and social impact.
Highlights of the presentations will include:
- Introducing “Beauty to Go,” a commitment that buy online,
pick-up in store (BOPIS) orders will be ready for pick-up in two
hours or less, giving guests fast, convenient access to the beauty
they want most;
- Launching same day delivery in select markets;
- Announcing a new partnership with Google to leverage Ulta
Beauty’s GlamLab Virtual try-on tool for lipstick and eyeshadow
with select brands within Google’s Search and YouTube
platforms;
- Announcing a strategic investment and partnership with
Adeptmind, a leading AI retail technology company creating advanced
digital discovery solutions, to power a new personalized search
engine for the company’s Digital Store of the Future;
- Unveiling a $20 million Digital Innovation Fund to enable the
company to closely partner with innovators, entrepreneurs,
early-stage investors, and other agents of change to transform the
future of beauty, retail, and commerce;
- Launching UB Media, a new business model that harnesses the
power of our first party data to transform the way our brand
partners can connect with beauty lovers;
- New efforts to increase guest engagement that bring together
entertainment, expertise and commerce through a creator and content
ecosystem;
- Scaling of personalization capabilities, leveraging the power
of our unparalleled data to deepen member engagement and
loyalty;
- The announcement of a new, multi-year cost savings target of
$150 million to $200 million to fund investments in future growth
initiatives;
- Investments to build a guest-centric Supply Chain by enhancing
the company’s physical network, technology, and capabilities to
support organizational growth; and
- Plans to upgrade its Enterprise Resource Planning (ERP)
platform through a multi-year, business-led transformation called
Project SOAR.
Webcast Information
Today’s analyst and investor conference will be webcast live
from 8:30 a.m. Central Time to 12:30 p.m. Central Time at
www.ulta.com/investor. A replay of the webcast will be available
for 90 days.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended, and the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, which reflect the
company’s current views with respect to, among other things, future
events and financial performance. These statements can be
identified by the use of forward-looking words such as “outlook,”
“believes,” “expects,” “plans,” “estimates,” “targets,”
“strategies” or other comparable words. Any forward-looking
statements contained in this press release are based upon the
company’s historical performance and on current plans, estimates
and expectations. The inclusion of this forward-looking information
should not be regarded as a representation by the company or any
other person that the future plans, estimates, targets, strategies
or expectations contemplated by the company will be achieved. Such
forward-looking statements are subject to various risks and
uncertainties, which include, without limitation:
- The negative impacts the COVID-19 pandemic has had, and will
continue to have, on the company’s business, financial condition,
profitability, cash flows and supply chain, as well as consumer
spending (including future uncertain impacts);
- epidemics, pandemics like COVID-19 or natural disasters that
have and could continue to negatively impact the company’s
sales;
- changes in the overall level of consumer spending and
volatility in the economy, including as a result of the COVID-19
pandemic and/or government aid programs;
- a decline in operating results that has and may continue to
lead to asset impairment and store closures charges;
- the company’s ability to sustain its growth plans and
successfully implement its long-range strategic and financial
plan;
- the company’s ability to gauge beauty trends and react to
changing consumer preferences in a timely manner;
- the possibility that the company may be unable to compete
effectively in its highly competitive markets;
- the company’s ability to execute its operational excellence
priorities, including continuous improvement efforts, Project SOAR
(its replacement enterprise resource planning platform), and supply
chain optimization;
- the possibility that cybersecurity breaches and other
disruptions could compromise the company’s information or result in
the unauthorized disclosure of confidential information;
- the possibility of material disruptions to the company’s
information systems;
- the possibility that the capacity of the company’s distribution
and order fulfillment infrastructure and the performance of its
distribution centers and fast fulfillment centers may not be
adequate to support its recent growth and expected future growth
plans;
- changes in the wholesale cost of the company’s products;
- the possibility that new store openings and existing locations
may be impacted by developer or co-tenant issues;
- the company’s ability to attract and retain key executive
personnel;
- the company’s ability to successfully execute its common stock
repurchase program or implement future common stock repurchase
programs; and
- other risk factors detailed in the company’s public filings
with the Securities and Exchange Commission (the SEC), including
risk factors contained in its Annual Report on Form 10‑K for the
fiscal year ended January 30, 2021, as such may be amended or
supplemented in its subsequently filed Quarterly Reports on Form
10-Q.
The company’s filings with the SEC are available at www.sec.gov.
Except to the extent required by the federal securities laws, the
Company does not undertake to publicly update or revise its
forward-looking statements, whether as a result of new information,
future events or otherwise.
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 operates more than 1,300 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.
Ulta Beauty was recently added to the Bloomberg Gender Equality
Index, which tracks the financial performance of public companies
committed to supporting gender equality through policy development,
representation and transparency. More information about Ulta
Beauty’s corporate responsibility efforts can be found at
www.ulta.com/investor/esg.
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version on businesswire.com: https://www.businesswire.com/news/home/20211019005269/en/
Ulta Beauty Contacts: Kiley Rawlins, CFA Vice President,
Investor Relations krawlins@ulta.com Eileen Ziesemer Vice
President, Public Relations eziesemer@ulta.com
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