South Africa flanker Pieter-Steph du Toit and England fullback Ellie Kildunne have been named World Rugby’s players of the year, while Australia’s Maddison Levi won the women’s sevens player of the year award. Levi was named the best women’s sevens player. Previously a two-time nominee, Levi is the third Australian to win the award, beating New Zealand pair Michaela Blyde and Jorja Miller to be crowned the world’s best. The 22-year-old enjoyed a record-breaking 2023/2024 season, crossing for 83 tries, 69 of which came on the HSBC SVNS world series and 14 at the Paris Olympic Games. Levi claimed Player of the Final honours at the Madrid SVNS Grand Final following a hat-trick against France. Antoine Dupont and Maddison Levi pose with their World Rugby sevens player of the year awards for 2024. (Photo by World Rugby) She notched her 150th career try during the Madrid tournament to now be only second behind Charlotte Caslick in the all-time list for the Australians. Levi’s achievement also saw her named in the inaugural HSBC SVNS Women’s Dream Team for 2023/2024. Aussie Men’s Sevens winger Nathan Lawson was named in the HSBC SVNS Men’s Dream Team after a stellar personal season. Lawson crossed for 25 tries during the calendar year, finishing fourth on the list overall. Du Toit, also the 2019 winner, became only the fourth men’s player to win the award at least twice, after New Zealanders Richie McCaw, Dan Carter and Beauden Barrett. Despite the Springboks’ policy of rotation, Du Toit showed his immense value by appearing in 10 of their 13 Tests, and played the full game in eight of them. The double World Cup winner helped the Springboks win their first Rugby Championship since 2019 and achieve a first unbeaten autumn tour of Europe in 11 years. Du Toit was crowned ahead of teammates Eben Etzebeth and Cheslin Kolbe, and Ireland captain Caelan Doris. Kildunne’s award capped an impressive year in which she was also the Women’s Six Nations best player. In an unbeaten year with England, she won a Six Nations Grand Slam, retained the WXV1 title and scored 14 tries in 10 Tests. She also had time to help Britain in the Paris Olympics sevens. Also nominated were teammate and No. 8 Alex Matthews, France scrumhalf Pauline Bourdon Sansus and Canada flyhalf Alex Tessier. Kildunne was the fourth England winner in the last five awards. All Blacks flanker Wallace Sititi was the men’s breakthrough player at the year. Sititi, the son of former Samoa captain Semo Sititi, debuted off the bench against Fiji in July, and made a huge impression in his first Test start against South Africa in Cape Town in September, on his 22nd birthday. He was undroppable from then on; starting all seven remaining Tests. He was the only All Black to start all five on their tour of Japan and Europe. Erin King became the first Irishwoman to win an individual award when she was chosen the women’s breakthrough player of the year. King also went to the Olympics, and made her 15s debut only in September, when the back-rower helped Ireland finish second in the WXV1 after a historic win over world champion New Zealand. Superstar halfback Antoine Dupont was named men’s sevens player of the year after lifting France to the Olympic gold medal and first world series title. The France men had never previously medalled in the Olympics – didn’t even qualify for the 2021 Tokyo Games – and their best previous finish in world series history was fourth. The coach of the year was Jerome Daret, for guiding the France men’s sevens team to their success. FULL HONOUR ROLL International Rugby Players women’s try of the year winner: Marine Menager (France) World Rugby women’s 15s breakthrough player of the year winner: Erin King (Ireland) World Rugby women’s 15s dream team of the year: 15: Ellie Kildunne (England); 14. Abby Dow (England), 13. Slyvia Brunt (New Zealand), 12. Alex Tessier (Canada), 11. Katelyn Vahaakolo (New Zealand); 10. Holly Aitchison (England), 9. Pauline Bourdon Sansus (France); 1. Hope Rogers (USA), 2. Georgia Ponsonby (New Zealand), 3. Maud Muir (England), 4. Zoe Aldcroft (England), 5. Laetitia Royer (Canada), 6. Aoife Wafer (Ireland), 7. Sophie de Goede (Canada), 8. Alex Matthews (England). World Rugby women’s 15s player of the year: Ellie Kildunne (England) Hall of Fame induction: No167 – Emilee Cherry (Australia), No168 – DJ Forbes (New Zealand), No169 – Sergio Parisse (Italy), No170 – Donna Kennedy (Scotland), No171 – Chris Laidlaw (New Zealand) International Rugby Players special merit award winner: Vickii Cornborough (England) World Rugby coach of the year winner: Jerome Daret (France) International Rugby Players men’s try of the year: Nolann Le Garrec (France) World Rugby men’s 15s breakthrough player of the year: Wallace Sititi (New Zealand) World Rugby men’s 15s dream team of the year: 15. Will Jordan (New Zealand); 14. Cheslin Kolbe (South Africa), 13. Jesse Kriel (South Africa), 12. Damian de Allende (South Africa), 11. James Lowe (Ireland); 10. Damian McKenzie (New Zealand), 9. Jamison Gibson-Park (Ireland); 1. Ox Nche (South Africa), 2. Malcolm Marx (South Africa), 3. Tyrel Lomax (New Zealand), 4. Eben Etzebeth (South Africa), 5. Tadhg Beirne (Ireland), 6. Pablo Matera (Argentina), 7. Pieter-Steph du Toit (South Africa), 8. Caelan Doris (Ireland). World Rugby men’s 15s player of the year winner: Pieter-Steph du Toit (South Africa) World Rugby women’s sevens dream team of the year in partnership with HSBC: Olivia Apps (Canada), Michaela Blyde (New Zealand), Kristi Kirshe (USA), Maddison Levi (Australia), Ilona Maher (USA), Jorja Miller (New Zealand), Seraphine Okemba (France). World Rugby women’s sevens player of the year in partnership with HSBC: Maddison Levi (Australia) World Rugby men’s sevens dream team of the year in partnership with HSBC: Selvyn Davids (South Africa), Antoine Dupont (France), Aaron Grandidier-Nkanang (France), Terry Kennedy (Ireland), Nathan Lawson (Australia), Ponipate Loganimasi (Fiji), Matias Osadczuk (Argentina). World Rugby men’s sevens player of the year in partnership with HSBC: Antoine Dupont (France) © AAPWith his career in provincial politics now definitively over, incoming RM of Corman Park reeve Joe Hargrave says he is eager to utilize his experience and provincial connections to serve the municipality. “I’m looking forward to getting down to the job and working with the new council for the betterment of Corman Park,” said Hargrave. “This is a great RM. It’s a great, diverse community.” Back in May, Hargrave announced he would not be seeking re-election as the MLA for Prince Albert-Carlton, a role in which he had served for roughly eight years. Upon his election, he was quickly named to the Executive Council of Saskatchewan as the Minister of Crown Corporations, though he also oversaw SGI, the Saskatchewan Transportation Company and served as the Minister of Highways. In interviews with other media, Hargrave indicated his age and a desire to spend more time with family as his reasons for not seeking re-election. So why, then, put his name forward as reeve of Corman Park? Hargrave said he believes firmly that in order to make a difference, one has to be involved, and the position of reeve is one where “I think I can bring my experience to help.” He said he was also approached by a number of people about stepping into the role, including Saskatoon mayor Charlie Clark. While the Oct. 28 election did bring a lot of changes to the Legislature, such as reducing the Saskatchewan Party’s majority to 34 seats, Hargrave said he always got along with both sides of the aisle, noting that NDP leader Carla Beck had been his critic for most of his time as Minister. “She and I worked collaboratively on a number of things,” he said. While his connections don’t necessarily translate into favours, Hargrave said it helps to know all the players and how to converse with them. “I know who you are, and it’s just a little easier to have a conversation with the right person,” he said. Hargrave was acclaimed as reeve, which he admitted came as a bit of a surprise. However, after speaking to some of the people he believed were going to run, they stated his experience would be the most beneficial to the RM. When asked about the challenges facing Corman Park, Hargrave said it mostly relates to growth and how best to manage it. “We’ve just got to make sure it’s all done properly. And that’s sort of my goal: to make sure that council works as one for the benefit of the whole RM, not just each individual division.” Hargrave acknowledged he has already been approached by a number of individuals and groups with issues they would like to see addressed, but as he’s tried to point out, he isn’t actually the reeve until he’s sworn in. As such, until he’s actually had a chance to sit down and review some of the information that he wouldn’t be privy to as a member of the public, “I can’t have many answers to a lot of those questions that the people were asking,” he said. “I’m still new. I’m figuring things out.”
Stephenson puts up 21 as CSU Bakersfield knocks off Northeastern 68-60Emboldened by the view from the top of the NFC North, the Detroit Lions are out to eliminate nightmare holiday gatherings when the Chicago Bears come to town Thursday for a lunchtime division duel. The Lions (10-1) are streaking one direction, the Bears (4-7) the other in the first matchup of the season between teams on opposite ends of the division. Riding a nine-game winning streak, their longest since a 10-game streak during their first season in Detroit in 1934, the Lions are burdened by losses in their traditional Thanksgiving Day game the past seven seasons. Three of the defeats are courtesy of Chicago. The Bears and Lions get together for the 20th time on Thanksgiving -- the Bears have 11 wins -- this week in the first of two meetings between the teams in a 25-day span. Detroit goes to Soldier Field on Dec. 22. "I think there's two things," Campbell said of the Thanksgiving losing streak. "Number one -- Get a W. And it's a division win that's why this huge. Number two is because the players are going to get a couple of days off. So, they have family, friends in, it'd be nice to feel good about it when you're with everybody because it's just not real fun. It's not real fun to be around." Detroit (10-1) owns the best record in the NFC but the Lions aren't even assured of a division title. Minnesota sits one game behind them and Green Bay is two games back. The Bears (4-7) sit in last place and would likely need to run the table to have any chance of making the playoffs. The Lions have been dominant in all phases and haven't allowed a touchdown in the past 10 consecutive quarters. Detroit's offense ranks first in points per game (32.7) and second in total yardage (394.3) The Lions defense has not given up a touchdown in the last 10 quarters. Rookie placekicker Jake Bates has made all 16 of his field goal attempts, including four from 50-plus yards over the past three games. Chicago shows up in a foul mood. The Bears are saddled with a five-game losing streak and Chicago's defense has been destroyed for nearly 2,000 total yards in the last four games. The Bears failed to reach the 20-point mark four times in five outings since they last won a game. In their latest defeat, rookie quarterback Caleb Williams and the offense perked up but they lost to Minnesota in overtime, 30-27. "We have to play complementary football for us to be able to win these games," coach Matt Eberflus said. "The games we have won, we have done that. The games we have been close we've missed the mark a little bit. Over the course of the year, it's been one side or the other, this side or that side. In this league you have to be good on all sides to win. That's what we are searching for." Williams threw for 340 yards and two touchdowns without an interception. The wide receiver trio of DJ Moore, Keenan Allen and Romeo Odunze combined for 21 receptions and two touchdowns while tight end Cole Kmet caught seven passes. "What I've been impressed with is just how he has grown," Campbell said. "He has grown every game but these last two I really feel like he's taken off and what they're doing with him has been really good for him and he just looks very composed. He doesn't get frazzled, plays pretty fast, and he's an accurate passer, big arm, and he's got some guys that can get open for him." Detroit's banged-up secondary could be susceptible against the Bears' veteran receivers in their bid to pull off an upset on Thursday. The Lions put two defensive backs on injured reserve in the past week and top cornerback Carlton Davis isn't expected to play due to knee and thumb injuries. Detroit offensive tackle Taylor Decker (knee) and top returner Kalif Raymond (foot) are also expected to miss the game, though Campbell expressed optimism that running back David Montgomery (shoulder), formerly of the Bears, would play. Bears safety Elijah Hicks was listed as a DNP for Tuesday's walkthrough. --Field Level MediaBOLINGBROOK, Ill.--(BUSINESS WIRE)--Dec 5, 2024-- Ulta Beauty, Inc. (NASDAQ: ULTA) today announced financial results for the thirteen-week period (“third quarter”) and thirty-nine-week period (“first nine months”) ended November 2, 2024 compared to the same periods ended October 28, 2023. 13 Weeks Ended 39 Weeks Ended November 2, October 28, November 2, October 28, (Dollars in millions, except per share data) 2024 2023 2024 2023 Net sales $ 2,530.1 $ 2,488.9 $ 7,808.0 $ 7,653.0 Comparable sales (1) 0.6% 4.5% 0.3% 7.3% Gross profit (as a percentage of net sales) 39.7% 39.9% 39.1% 39.7% Selling, general and administrative expenses $ 682.3 $ 661.4 $ 1,993.0 $ 1,874.2 Operating income (as a percentage of net sales) 12.6% 13.1% 13.4% 15.2% Diluted earnings per share $ 5.14 $ 5.07 $ 16.93 $ 17.99 New store openings, net 26 12 52 19 (1) Comparable sales are calculated based on the comparable 13 and 39 calendar weeks in the current and prior year. “The Ulta Beauty team delivered better-than-expected sales and profitability reflecting improved sales trends and strong financial discipline. I am proud of the progress we’ve made and encouraged by early signs that our efforts to reinforce our market position and drive improved performance are gaining traction. As we look to the remainder of fiscal 2024, we are focused on executing with excellence across our key initiatives to deliver in a dynamic environment,” said Dave Kimbell, chief executive officer. “We remain confident that our model and strategies will drive long-term profitable growth and share leadership by enhancing our position as the destination for beauty enthusiasts for a lifetime.” Third Quarter of Fiscal 2024 Compared to Third Quarter of Fiscal 2023 Net sales increased 1.7% to $2.53 billion compared to $2.49 billion, primarily due to new store contribution, partially offset by a decline in other revenue. Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 0.6% compared to an increase of 4.5%, driven by a 0.5% increase in transactions and a 0.1% increase in average ticket. Gross profit was $1.0 billion compared to $992.1 million. As a percentage of net sales, gross profit decreased to 39.7% compared to 39.9%, primarily due to deleverage of store and supply chain fixed costs and lower other revenue, partially offset by favorable channel mix and lower inventory shrink. Selling, general and administrative (SG&A) expenses were $682.3 million compared to $661.4 million. As a percentage of net sales, SG&A expenses increased to 27.0% compared to 26.6%, primarily due to deleverage of store payroll and benefits, and corporate overhead, primarily due to strategic investments, partially offset by lower incentive compensation. Operating income was $318.5 million, or 12.6% of net sales, compared to $327.2 million, or 13.1% of net sales. The tax rate was 24.4% compared to 24.3%. Net income was $242.2 million compared to $249.5 million. Diluted earnings per share was $5.14 compared to $5.07. First Nine Months of Fiscal 2024 Compared to First Nine Months of Fiscal 2023 Net sales increased 2.0% to $7.8 billion compared to $7.7 billion, primarily due to new store contribution and growth in other revenue. Comparable sales increased 0.3% compared to an increase of 7.3%, driven by a 0.3% increase in average ticket. Gross profit was $3.1 billion compared to $3.0 billion. As a percentage of net sales, gross profit decreased to 39.1% compared to 39.7%, primarily due to lower merchandise margin, partially offset by deleverage of store fixed costs. SG&A expenses were $2.0 billion compared to $1.9 billion. As a percentage of net sales, SG&A expenses increased to 25.5% compared to 24.5%, primarily due to deleverage of corporate overhead due to strategic investments and deleverage of store payroll and benefits and store expenses, partially offset by lower incentive compensation. Operating income was $1.0 billion, or 13.4% of net sales, compared to $1.2 billion, or 15.2% of net sales. The tax rate was 23.9% compared to 23.7%. Net income was $807.8 million compared to $896.6 million. Diluted earnings per share was $16.93, including a $0.10 benefit due to income tax accounting for stock-based compensation, compared to $17.99, including a $0.14 benefit due to income tax accounting for stock-based compensation. Balance Sheet Cash and cash equivalents at the end of the third quarter of fiscal 2024 totaled $177.8 million. Merchandise inventories, net at the end of the third quarter of fiscal 2024 increased 1.9% to $2.4 billion compared to $2.3 billion at the end of the third quarter of fiscal 2023. The increase was primarily due to the addition of 63 net new stores since October 28, 2023. Short-term debt at the end of the third quarter of fiscal 2024 was $199.7 million compared to $195.4 million at the end of the third quarter of fiscal 2023, as the Company drew on its revolving credit facility to support ongoing capital allocation priorities, including share repurchases and capital expenditures, and merchandise inventory growth. Share Repurchase Program During the third quarter of fiscal 2024, the Company repurchased 731,458 shares of its common stock at a cost of $267.0 million. During the first nine months of fiscal 2024, the Company repurchased 1.9 million shares of its common stock at a cost of $764.5 million. As of November 2, 2024, $2.9 billion remained available under the $3.0 billion share repurchase program announced in October 2024. Store Update During the third quarter of fiscal 2024, the Company opened 28 new stores, remodeled 27 stores, and closed two stores. During the first nine months of fiscal 2024, the Company opened 57 new stores, relocated two stores, remodeled 36 stores, and closed five stores. At the end of the third quarter of fiscal 2024, the Company operated 1,437 stores totaling 15.0 million square feet. Fiscal 2024 Outlook For fiscal 2024, the Company plans to: Prior FY24 Outlook Updated FY24 Outlook Net sales $11.0 billion to $11.2 billion $11.1 billion to $11.2 billion Comparable sales (2%) to 0% (1%) to 0% New stores, net 60-65 no change Remodel and relocation projects 40-45 no change Operating margin 12.7% to 13.0% 12.9% to 13.1% Diluted earnings per share $22.60 to $23.50 $23.20 to $23.75 Share repurchases approximately $1 billion no change Interest income approximately $13 million $13 million to $14 million Effective tax rate approximately 24% no change Capital expenditures $400 million to $450 million $400 million to $425 million Depreciation and amortization expense $265 million to $270 million no change Conference Call Information A conference call to discuss third quarter of fiscal 2024 results is scheduled for today, December 5, 2024 at 4:30 p.m. ET / 3:30 p.m. CT. Investors and analysts who are interested in participating in the call are invited to dial (877) 704-4453. Participants may also listen to a real-time audio webcast of the conference call by visiting the Investor Relations section of the Company’s website located at https://www.ulta.com/investor . A replay will be made available online approximately two hours following the live call for a period of 30 days. About Ulta Beauty At Ulta Beauty (NASDAQ: ULTA), the possibilities are beautiful. Ulta Beauty is the largest specialty 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 1,437 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 . 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: macroeconomic conditions, including inflation, elevated interest rates and recessionary concerns, as well as continuing labor cost pressures, and transportation and shipping cost pressures, have had, and may continue to have, a negative impact on our business, financial condition, profitability, and cash flows (including future uncertain impacts); changes in the overall level of consumer spending and volatility in the economy, including as a result of macroeconomic conditions and geopolitical events; our ability to sustain our growth plans and successfully implement our long-range strategic and financial plan; the ability to execute our operational excellence priorities, including continuous improvement, Project SOAR (the replacement of our enterprise resource planning platform), and supply chain optimization; our ability to gauge beauty trends and react to changing consumer preferences in a timely manner; the possibility that we may be unable to compete effectively in our highly competitive markets; the possibility of significant interruptions in the operations of our distribution centers, fast fulfillment centers, and market fulfillment centers; the possibility that cybersecurity or information security breaches and other disruptions could compromise our information or result in the unauthorized disclosure of confidential information; the possibility of material disruptions to our information systems, including our Ulta.com website and mobile applications; the failure to maintain satisfactory compliance with applicable privacy and data protection laws and regulations; changes in the good relationships we have with our brand partners, our ability to continue to obtain sufficient merchandise from our brand partners, and/or our ability to continue to offer permanent or temporary exclusive products of our brand partners; our ability to effectively manage our inventory and protect against inventory shrink; changes in the wholesale cost of our products and/or interruptions at our brand partners’ or third-party vendors’ operations; epidemics, pandemics or natural disasters, which could negatively impact sales; the possibility that new store openings and existing locations may be impacted by developer or co-tenant issues; our ability to attract and retain key executive personnel; the impact of climate change on our business operations and/or supply chain; our ability to successfully execute our common stock repurchase program or implement future common stock repurchase programs; a decline in operating results which could lead to asset impairment and store closure charges; 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 February 3, 2024, 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. Exhibit 1 Ulta Beauty, Inc. Consolidated Statements of Income (In thousands, except per share data) 13 Weeks Ended November 2, October 28, 2024 2023 (Unaudited) (Unaudited) Net sales $ 2,530,100 100.0 % $ 2,488,933 100.0 % Cost of sales 1,524,456 60.3 % 1,496,866 60.1 % Gross profit 1,005,644 39.7 % 992,067 39.9 % Selling, general and administrative expenses 682,259 27.0 % 661,380 26.6 % Pre-opening expenses 4,883 0.2 % 3,460 0.1 % Operating income 318,502 12.6 % 327,227 13.1 % Interest income, net (1,674 ) (0.1 %) (2,497 ) (0.1 %) Income before income taxes 320,176 12.7 % 329,724 13.2 % Income tax expense 77,997 3.1 % 80,241 3.2 % Net income $ 242,179 9.6 % $ 249,483 10.0 % Net income per common share: Basic $ 5.16 $ 5.09 Diluted $ 5.14 $ 5.07 Weighted average common shares outstanding: Basic 46,928 49,007 Diluted 47,092 49,226 Exhibit 2 Ulta Beauty, Inc. Consolidated Statements of Income (In thousands, except per share data) 39 Weeks Ended November 2, October 28, 2024 2023 (Unaudited) (Unaudited) Net sales $ 7,808,035 100.0 % $ 7,653,005 100.0 % Cost of sales 4,754,434 60.9 % 4,612,469 60.3 % Gross profit 3,053,601 39.1 % 3,040,536 39.7 % Selling, general and administrative expenses 1,992,993 25.5 % 1,874,201 24.5 % Pre-opening expenses 11,957 0.2 % 5,396 0.1 % Operating income 1,048,651 13.4 % 1,160,939 15.2 % Interest income, net (13,100 ) (0.2 %) (14,294 ) (0.2 %) Income before income taxes 1,061,751 13.6 % 1,175,233 15.4 % Income tax expense 253,903 3.3 % 278,597 3.6 % Net income $ 807,848 10.3 % $ 896,636 11.7 % Net income per common share: Basic $ 17.00 $ 18.08 Diluted $ 16.93 $ 17.99 Weighted average common shares outstanding: Basic 47,519 49,592 Diluted 47,710 49,846 Exhibit 3 Ulta Beauty, Inc. Condensed Consolidated Balance Sheets (In thousands) November 2, February 3, October 28, 2024 2024 2023 (Unaudited) (Unaudited) Assets Current assets: Cash and cash equivalents $ 177,782 $ 766,594 $ 121,811 Receivables, net 213,621 207,939 202,868 Merchandise inventories, net 2,365,186 1,742,136 2,321,306 Prepaid expenses and other current assets 135,514 115,598 117,282 Prepaid income taxes 62,759 4,251 28,773 Total current assets 2,954,862 2,836,518 2,792,040 Property and equipment, net 1,264,419 1,182,335 1,117,874 Operating lease assets 1,619,055 1,574,530 1,578,316 Goodwill 10,870 10,870 10,870 Other intangible assets, net 281 510 591 Deferred compensation plan assets 48,872 43,516 38,371 Other long-term assets 60,127 58,732 56,946 Total assets $ 5,958,486 $ 5,707,011 $ 5,595,008 Liabilities and stockholders’ equity Current liabilities: Accounts payable $ 593,219 $ 544,001 $ 597,373 Accrued liabilities 333,463 382,468 405,443 Deferred revenue 405,040 436,591 350,937 Current operating lease liabilities 284,985 283,821 287,786 Accrued income taxes — 11,310 — Short-term debt 199,700 — 195,400 Total current liabilities 1,816,407 1,658,191 1,836,939 Non-current operating lease liabilities 1,656,317 1,627,271 1,616,747 Deferred income taxes 91,729 85,921 56,874 Other long-term liabilities 65,024 56,300 55,906 Total liabilities 3,629,477 3,427,683 3,566,466 Commitments and contingencies Total stockholders’ equity 2,329,009 2,279,328 2,028,542 Total liabilities and stockholders’ equity $ 5,958,486 $ 5,707,011 $ 5,595,008 Exhibit 4 Ulta Beauty, Inc. Condensed Consolidated Statements of Cash Flows (In thousands) 39 Weeks Ended November 2, October 28, 2024 2023 (Unaudited) (Unaudited) Operating activities Net income $ 807,848 $ 896,636 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 197,075 181,273 Non-cash lease expense 235,950 232,772 Deferred income taxes 5,808 1,528 Stock-based compensation expense 27,691 33,477 Loss on disposal of property and equipment 7,280 6,310 Change in operating assets and liabilities: Receivables (5,682 ) (3,446 ) Merchandise inventories (623,050 ) (717,855 ) Prepaid expenses and other current assets (19,916 ) 12,964 Income taxes (69,818 ) 9,535 Accounts payable 54,210 41,817 Accrued liabilities (45,777 ) (34,955 ) Deferred revenue (31,551 ) (43,740 ) Operating lease liabilities (250,267 ) (248,469 ) Other assets and liabilities 12,240 (9,836 ) Net cash provided by operating activities 302,041 358,011 Investing activities Capital expenditures (300,536 ) (311,030 ) Other investments (6,108 ) (4,870 ) Net cash used in investing activities (306,644 ) (315,900 ) Financing activities Borrowings from credit facility 199,700 195,400 Repurchase of common shares (765,384 ) (840,551 ) Stock options exercised 9,200 9,302 Purchase of treasury shares (23,566 ) (22,328 ) Debt issuance costs (4,159 ) — Net cash used in financing activities (584,209 ) (658,177 ) Net decrease in cash and cash equivalents (588,812 ) (616,066 ) Cash and cash equivalents at beginning of period 766,594 737,877 Cash and cash equivalents at end of period $ 177,782 $ 121,811 Exhibit 5 Ulta Beauty, Inc. Store Update Total stores open Number of stores Number of stores Total stores at beginning of the opened during the closed during the open at Fiscal 2024 quarter quarter quarter end of the quarter 1 st Quarter 1,385 12 2 1,395 2 nd Quarter 1,395 17 1 1,411 3 rd Quarter 1,411 28 2 1,437 Gross square feet for Total gross square stores opened or Gross square feet for Total gross square feet at beginning of expanded during the stores closed feet at end of the Fiscal 2024 the quarter quarter during the quarter quarter 1 st Quarter 14,515,593 114,786 15,615 14,614,764 2 nd Quarter 14,614,764 178,624 10,800 14,782,588 3 rd Quarter 14,782,588 258,320 20,083 15,020,825 Exhibit 6 Ulta Beauty, Inc. Sales by Category The following tables set forth the approximate percentage of net sales by primary category: 13 Weeks Ended November 2, October 28, 2024 2023 Cosmetics 41 % 42 % Skincare 23 % 22 % Haircare 20 % 21 % Fragrance 10 % 9 % Services 4 % 4 % Other 2 % 2 % 100 % 100 % 39 Weeks Ended November 2, October 28, 2024 2023 Cosmetics 41 % 42 % Skincare 24 % 22 % Haircare 19 % 21 % Fragrance 10 % 9 % Services 4 % 4 % Other 2 % 2 % 100 % 100 % Certain sales departments were reclassified between categories in the prior year to conform to current year presentation, including moving the bath category from Fragrance to Skincare. View source version on businesswire.com : https://www.businesswire.com/news/home/20241205470535/en/ CONTACT: Investor Contact: Kiley Rawlins, CFA Vice President, Investor Relations krawlins@ulta.comMedia Contact: Crystal Carroll Senior Director, Public Relations ccarroll@ulta.com KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS INDUSTRY KEYWORD: COSMETICS RETAIL SPECIALTY SOURCE: Ulta Beauty, Inc. Copyright Business Wire 2024. PUB: 12/05/2024 04:05 PM/DISC: 12/05/2024 04:06 PM http://www.businesswire.com/news/home/20241205470535/en
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Canada Post strike update: Union 'frustrated' with proposals, but postal service says it has yet to see formal responseCONWAY, S.C. (AP) — Kobe Knox's 13 points helped South Florida defeat Portland 74-68 on Thursday. Knox also had six rebounds for the Bulls (3-2). Brandon Stroud added 11 points while shooting 4 for 12 (1 for 3 from 3-point range) and 2 of 4 from the free-throw line while he also had six rebounds. Jamille Reynolds shot 3 of 6 from the field and 4 of 5 from the free-throw line to finish with 10 points. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.