Ulta Beauty Market Research Report

Company Overview

Name: Ulta Beauty, Inc.

Mission: Every day, Ulta Beauty uses the power of beauty to bring to life the possibilities that lie within each individual, inspiring every guest and enabling each associate to build a fulfilling career.

Founded: No information is available regarding the exact date and founders.

Key People in Company: No specific individuals mentioned apart from the leadership team accessible through the company's site.

Headquarters: 1000 Remington Boulevard, Suite 120, Bolingbrook, IL 60440, United States

Number of Employees: No specific number provided.

Revenue: For the fiscal year ending February 3, 2024, net sales amounted to $11.207.3 billion.

What is the Company Known For: Ulta Beauty is known as the largest beauty retailer in the United States, providing a wide range of products in mass and prestige cosmetics, fragrances, skin care, and hair care, alongside offering salon services.

Products

Product Offerings:

Cosmetics: Both prestige and mass market products are available.

Skincare: Options range from cleansers to treatments and serums.

Haircare: Shampoo, conditioner, styling products, and treatments.

Fragrances: A variety of scents for different preferences.

Salon Services: Haircuts, coloring, styling, and more.

Key Features of Products: Ulta Beauty offers over 25,000 products from more than 600 beauty brands, ensuring a diverse selection of shades, formulas, and functionalities tailored to meet the needs of various consumers.

Recent Developments

New Product Launches

Ulta Beauty x Wicked Collaboration: A limited edition, exclusive beauty collection in partnership with Universal Pictures’ new cinematic event, Wicked.

New Features & Facilities

Digital Innovation and Community Platform: Launched initiatives focused on digital innovation and wellness to celebrate World Mental Health Day.

Partnerships

Partnership with Universal Pictures: In September 2024, Ulta Beauty announced a partnership and launch of a multi-branded beauty collection tied to Universal Pictures’ Wicked.

Recent Financial Performance

Q2 2024 Results: Net sales increased by 0.9% to $2.6 billion. However, comparable sales decreased by 1.2% due to a drop in transactions. Operating income was $329.2 million.

Upcoming Events

Ulta Beauty Investor Day: Scheduled for October 16, 2024.

Financial Highlights

Net Income in 2023: $1.291 billion

EPS: Earnings per Share was $5.30 for Q2 2024, down from $6.02 in the previous comparable period.

Store and Product Distribution

Retail Presence: As of August 3, 2024, the company operates 1,411 retail stores across 50 states.

Online Availability: Products are available via ulta.com.

Corporate Initiatives

Environmental, Social, and Governance (ESG)

Ulta Beauty focuses on delivering a positive environmental and social impact, championing inclusion and opportunity in beauty, and striving to minimize their environmental footprint.

Diversity, Equity, and Inclusion

The company emphasizes creating an inclusive environment, supporting self-expression regardless of age, gender, skin tone, or ability.

Corporate Responsibility

Ulta Beauty is dedicated to ensuring positive social and environmental practices via their corporate responsibility programs and community engagements.

Contact Information

Corporate: 1000 Remington Boulevard, Suite 120, Bolingbrook, IL 60440

Investor Relations: 630-410-4627, InvestorRelations@ulta.com

Transfer Agent: American Stock Transfer & Trust Company, Brooklyn, NY

This report is generated using publicly available data and recent company disclosures. For comprehensive insights, including details on specific key personnel and employee numbers, further inquiry into the company’s official filings and communications is recommended.