85 854
Fashion Jobs
BLOOMINGDALE'S
Merchant Operations Analyst
Permanent · NEW YORK
CROCS
Director, Service Management And Observability
Permanent · BROOMFIELD
CROCS
Supervisor, Distribution Center
Permanent · LAS VEGAS
QVC
td/Director
Permanent · WEST CHESTER
BUCKLE BRANDS
Womens Buying Support i
Permanent · KEARNEY
ALEXANDER MCQUEEN
Alexander Mcqueen Operations Manager, Saks NY
Permanent · NEW YORK
WILLIAMS SONOMA
Assistant Site Manager – Williams Sonoma
Permanent · SAN FRANCISCO
TIFFANY & CO
Branch Security Officer- South Coast Plaza
Permanent · COSTA MESA
OLD NAVY
Assistant General Manager, Merchandising - Pheasant Run Plaza
Permanent · CHICO
OLD NAVY
Assistant General Manager, Merchandising - Merrimack Premium
Permanent · MERRIMACK
ATHLETA
Assistant General Manager - 18th & 5th
Permanent · NEW YORK
OLD NAVY
Assistant General Manager, Merchandising - Arizona Mills
Permanent · TEMPE
GAP
General Manager - Philadelphia Mills
Permanent · PHILADELPHIA
OLD NAVY
General Manager - Shops at Waldorf Center (New Store)
Permanent · WALDORF
OLD NAVY
Assistant General Manager, Merchandising - Triangle Square
Permanent · NEW YORK
OLD NAVY
Assistant General Manager, Merchandising - Northgate Mall
Permanent · CHATTANOOGA
OLD NAVY
General Manager - Coosa Town Center
Permanent · GADSDEN
OLD NAVY
General Manager - Upper Valley Plaza
Permanent · LEBANON
ATHLETA
General Manager - Issaquah Commons
Permanent · ISSAQUAH
ATHLETA
General Manager - 2nd And Pch
Permanent · LONG BEACH
BANANA REPUBLIC
Assistant General Manager - Home
Permanent · TROY
OLD NAVY
Director, CRM, Marketing
Permanent · SAN FRANCISCO
Published
Mar 16, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Ulta Beauty completes another year of strong sales

Published
Mar 16, 2018

It’s not a bad time to be a beauty retailer! Despite a slowing momentum, American beauty specialty retailer Ulta Beauty reported on Thursday another positive quarter that included a net income increase of 48.5 percent to $208.2 million, leading to a strong sales year.


Ulta Beauty completes another year of strong sales. - Ulta Beauty

 
The company, which has seen some slowdown in its core makeup category, reported net sales of $5,884.5 million, up 21.2 percent, for the full year of fiscal 2017 ended February 3, 2018. Comparable sales increased 11 percent compared to an increase of 15.8 percent in fiscal 2016, while e-commerce sales impressed the most, growing 64.7 percent to $568.7 million.
 
Meanwhile, retail comparable sales increased 7.1 percent, including salon comparable sales growth of 6.1 percent.

“The Ulta Beauty team delivered excellent results in 2017, achieving 11 percent comparable sales growth and 25 percent adjusted earnings growth,” said Mary Dillon, Chief Executive Officer, in a news statement. “We also achieved strong sales and earnings growth in Q4 while continuing to gain market share and make significant progress on our strategic imperatives, despite continued moderation in the growth rate of makeup, our largest category.”
 
In the fourth quarter, net sales increased 22.6 percent to $1,937.6 million. Comparable sales including e-commerce sales increased 8.8 percent, missing analyst predictions. That compared to an increase of 16.6 percent seen in the fourth quarter of fiscal 2016.
 
Retail comparable sales jumped 4.2 percent, including salon comparable sales growth of 3.2 percent.
 
For the first quarter of fiscal 2018, the company expects net sales in the range of $1,506 million to $1,519 million, compared to actual net sales of $1,314.9 million in the first quarter of fiscal 2017. Comparable sales for the first quarter of fiscal 2018, including e-commerce sales, are expected to increase 6 to 7 percent. 
 
For fiscal 2018, the company expects to achieve comparable sales growth of approximately 6 to 8 percent, including the impact of its e-commerce business.
 
The company also plans to open approximately 100 new stores and execute 17 remodel or relocation projects.
 
“Looking ahead to 2018, we are deploying a portion of the tax reform benefits to invest in our people and accelerate investments to drive growth and innovation,” said Dillon.
 
“We also recognize operating margin headwinds from various cost pressures facing all retailers, our higher than expected mix of e-commerce, and the new revenue recognition accounting standard. To help offset these pressures, we are implementing a cost optimization program to deliver benefits in the areas of indirect procurement, end-to-end operational efficiency, real estate costs, and merchandise margin improvement.”

Copyright © 2024 FashionNetwork.com All rights reserved.