Beauty Packaging Staff03.13.20
Ulta Beauty Inc. has shared financial results for the fourth quarter and fiscal year ended February 1, 2020 compared to the same periods ended February 2, 2019.
Q4 Results
Net sales for the fourth quarter of 2019 increased 8.5% to $2,305.9 million compared to $2,124.7 million in the fourth quarter of fiscal 2018. During the fourth quarter of 2019, the company opened 13 stores located in Allen, TX; Blaine, MN; Dallas, TX; Gonzalez, LA; Houston, TX; Louisville, KY; Madison, AL; Meridian, MS; Moore, OK; Phoenix, AZ (2); Sioux Falls, SD; and Wentzville, MO.
Full Year Results
For the full year of fiscal 2019, net sales increased 10.1% to $7,398.1 million compared to $6,716.6 million in fiscal 2018. The company ended fiscal 2019 with 1,254 stores and square footage of 13,193,076, representing a 6.9% increase in square footage compared to fiscal 2018.
“The Ulta Beauty team delivered results for the fourth quarter at the high end of our expectations, and I am proud of how our teams worked together to serve our guests this holiday season,” said Mary Dillon, CEO. “Our enhanced omnichannel capabilities, combined with our merchandise exclusives, cross-category marketing events and great execution by our store teams, enabled us to expand our market share and deliver a successful quarter.”
For fiscal 2020 the company plans to increase total sales by approximately 7% to 8% and open approximately 75 net new stores, execute approximately 15 remodel or relocation projects and complete approximately 42 store refreshes.
The company’s guidance does not include assumptions for any impact related to coronavirus.
Q4 Results
Net sales for the fourth quarter of 2019 increased 8.5% to $2,305.9 million compared to $2,124.7 million in the fourth quarter of fiscal 2018. During the fourth quarter of 2019, the company opened 13 stores located in Allen, TX; Blaine, MN; Dallas, TX; Gonzalez, LA; Houston, TX; Louisville, KY; Madison, AL; Meridian, MS; Moore, OK; Phoenix, AZ (2); Sioux Falls, SD; and Wentzville, MO.
Full Year Results
For the full year of fiscal 2019, net sales increased 10.1% to $7,398.1 million compared to $6,716.6 million in fiscal 2018. The company ended fiscal 2019 with 1,254 stores and square footage of 13,193,076, representing a 6.9% increase in square footage compared to fiscal 2018.
“The Ulta Beauty team delivered results for the fourth quarter at the high end of our expectations, and I am proud of how our teams worked together to serve our guests this holiday season,” said Mary Dillon, CEO. “Our enhanced omnichannel capabilities, combined with our merchandise exclusives, cross-category marketing events and great execution by our store teams, enabled us to expand our market share and deliver a successful quarter.”
For fiscal 2020 the company plans to increase total sales by approximately 7% to 8% and open approximately 75 net new stores, execute approximately 15 remodel or relocation projects and complete approximately 42 store refreshes.
The company’s guidance does not include assumptions for any impact related to coronavirus.
