Ulta Beauty Draft
pptx
keyboard_arrow_up
School
University of Maryland Global Campus (UMGC) *
*We aren’t endorsed by this school
Course
364
Subject
Accounting
Date
Apr 3, 2024
Type
pptx
Pages
12
Uploaded by JusticeMule3397
Ulta Beauty
NASDAQ: ULTA
Emily Aguirre
ACCT 220 6980
Table of Contents
U
Introduction
Income Statement
Balance Sheet
Additional Financial Information
Summary
Conclusion
Presentation title
2
Introduction
Ulta Beauty is the largest beauty retailer in the United States. They sell a wide variety of products including cosmetics, fragrance, skin care, and hair care products. They currently operate 1,355 stores across all 50 states. They also offer an online store as well as a mobile application. In 2021, Ulta teamed up with Target to bring scaled down versions of their store into more than 100 Target stores. Presentation title
3
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Introduction
•
Founded in 1990
•
Headquartered in Bolingbrook, Illinois
•
External Auditor: Ernst & Young LLP
•
Dave Kimball- CEO
•
Scott Settersten- CFO
•
Kecia Steelman- COO
Presentation title
4
Introduction
•
Ulta Beauty's fiscal year is the 52 or 53 weeks ending on the Saturday closest to January 31st. •
For the most recent 10-K report the fiscal year ended on January 28th, 2023.
•
Inventory cost is determined using the moving average cost method
•
Depreciation is calculated using the straight-line method
Presentation title
5
Highlights from Income Statement
January 28, 2023
January 29, 2022
January 30, 2021
Net Sales
$10.2B
$8.6B
$6.1B
Gross Profit
$4B
$3.4B
$1.9B
Operating Income
$1.6B
$1.3B
$236M
Net Income
$1.2B
$985M
$175M
Presentation title
6
•
For fiscal year ended January 28, 2023, Ulta saw increases in all income areas. •
Gross profit was up 1% from the previous year
•
Net sales was up 18%
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Ulta Beauty’s Financial Results in 2022
Retrieved from Ulta Beauty (2023) Ulta Beauty’s Financial Results in FY 2022
7
Highlights from Balance Sheet
January 28, 2023
January 29, 2022
Total Assets
$5.3B
$4.7B
Total Liabilities
$3.4B
$3.2B
Total Stockholders
’ Equity
$1.9B
$1.5B
Total Liabilities and Stockholders
’ Equity
$5.3B
$4.7B
Presentation title
8
•
Total asset amount increased, mostly in cash and merchandise inventories
•
Total liabilities increased slightly, mostly due to accrued liabilities and deferred revenues.
•
Stockholders’ equity also increased
Additional Financial Information
•
In 2023 Ulta's Accounts Receivable decreased to $199,422 down from $233,682 in 2022. •
Receivables primarily include amounts due from vendors for allowances, amounts due from third-party gift card providers, royalties and other credit card amounts, and amounts related to the employee retention credit (ERC). •
Accounts payable decreased significantly from $66M in 2022 to $8M in 2023
•
The allowance for doubtful accounts increased minimally in 2023 (1,076) compared to (1,005) in 2022.
•
The 2023 net value of equipment and property increased by $95M. •
Depreciation for 2023 increased by $135,371M
Presentation title
9
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Despite all of the economic pressures, concerns, anxiety in the world around us, the importance that beauty plays in our guests’ lives is stronger than ever.
“
Dave Kimbell, CEO
”
Summary Ulta Beauty saw a record year for net sales and income. With an 18.3% increase in sales and 26.3% increase in income, it is clear Ulta is doing something right. Their success can be attributed to their continued innovation as they continue finding new ways to draw in and retain customers. Presentation title
11
Thank you
References
Jansen, C. (2024, January 17). Ulta topped $10B in sales last year. How the beauty retailer stays relevant
. Retail Dive. https://www.retaildive.com/news/how-ulta-beauty-
stays-relevant-retail/704547/
Ulta Beauty. (2023). Investor Relations
. Ulta Beauty, Inc. https://www.ulta.com/investor
Ulta Beauty. (2024). Leadership Team
. Ulta Beauty, Inc. https://www.ulta.com/investor/company-
information/leadership-team
Ulta Beauty, Inc. (2022). FORM 10-K
. Sec.gov. https://www.sec.gov/Archives/edgar/data/1403568
/000155837023004581/ulta-
20230128x10k.htm#Consol_Balance_Sheets
Zumbach, L. (2021, July 21). Ulta to open shops in seven Chicago-area Target stores in August
. Chicago Tribune. https://www.chicagotribune.com/2021/07/21/ulta-
to-open-shops-in-seven-chicago-area-target-
stores-in-august/
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
prepare an income statement for delray manufacturing (a manufacturer)assume that its cost of goods manufactured is $1,247,000
arrow_forward
Inferring Transactions from Financial Statements
The GAP is a global clothing retailer for men, women, children, and babies. The following information is taken from The Gap's fiscal 2015 annual report.
Selected Balance Sheet Data ($ millions) 2015 2014
Inventories
$1,845 $1,917
Accounts Payable
1,084 1,201
a. The Gap purchased inventories totaling $9,938 million during fiscal 2015. Use the financial statement effects template to record cost of goods sold for The Gap's fiscal year ended 2015. (Assume accounts payable is used
only for recording purchases of inventories and all inventories are purchased on credit.)
b. What amount did the company pay to suppliers during the year? Record this with the financial statement effects template.
Use negative signs with answers, if appropriate.
Transaction
a. Recognize cost of goods sold.
b. Cash paid to suppliers.
Cash Asset +
Noncash
Assets
Balance Sheet
Liabilities
Contrib.
Capital
Earned
Capital
Revenues
-
Income Statement
Expenses
= Net income
arrow_forward
K
Find online the annual 10-K report for Costco Wholesale Corporation (COST) as of August 30, 2020.
a. Compute Costco's net profit margin, total asset turnover, and equity multiplier.
b. Verify the DuPont Identity for Costco's ROE.
c. Repeat the analysis from parts (a) and (b) using Walmart Stores (WMT) instead. Specifically, use Walmart's data as of January 31, 2020. Based on the DuPont Identity, what explains the difference between the two firms' ROE?
a. Compute Costco's net profit margin, total asset turnover, and equity multiplier.
The net profit margin is%. (Round to two decimal places.)
(Round to two decimal places.)
The total asset turnover is
The total asset turnover is
The equity multiplier is
b. Verify the DuPont Identity for Costco's ROE.
The ROE is%. (Round to two decimal places.)
c. Repeat the analysis from parts (a) and (b) using Walmart Stores (WMT) instead. Specifically, use Walmart's data as of January 31, 2020.
The net profit margin is%. (Round to two decimal places.)…
arrow_forward
Before you begin this assignment, it will be helpful if you review Macy's, Inc. 2015 annual report
(https://www.sec.gov/Archives/edgar/data/794367/000079436716000221/m-0130201610k.htm)
Macy's, Inc. is a premier retailer in the United States, operating nearly 900 stores in 45 states. Macy's, Bloomingdale's, and Bloomingdale's Outlet are all brands that operate under Macy's, Inc. The company sells a wide range of merchandise including apparel and accessories, cosmetics, home furnishings, and other goods. Macy's, Inc. purchases its merchandise from many suppliers and also develops its own private label brands.
Read the requirements:
1. Under the new revenue recognition rules, how will Macy's record and recognize sales revenue? Which financial statement is sales revenue reported on?
2. Macy's, Inc. reported cost of sales of $16,496 million for the year ending January 30, 2016. Which financial statement is cost of sales (also known as cost of goods sold)…
arrow_forward
Kindly help me with this question general Accounting
arrow_forward
Problem 1: Below is the financial information for Justin Bieber's Merchandising
company for the year 2020:
Cash and Cash Equivalents
Accounts Receivable
Merchandise Inventory
Machinery and Equipment
Furnitures and Fixtures
Total Assets
513,374
312,745
112,038
1,039,782
59,744
2,037,683
Suppose that the total current assets of the company for the year 2019 is P1,317,873
and the total fixed asset for the same year is P687,369 plus there is a prepaid expenses for
2020 of P35,000 for insurance. Compute for the financial leverage ratio assuming that the
value of the total liabilities for the company is P856,971.
arrow_forward
Computing NOPAT, NOPM and RNOA
LVMH Moët Hennessy Louis Vuitton SE (LVMH) is a French multinational luxury goods conglomerate headquartered in Paris. The following information is selected from their 2020 annual report.
(€ millions)
2020 2019
Revenue
Operating income
Net financial income/(expense)
Net income
Operating assets
44,651 53,670
7,972 11,273
(608) (559)
4,702 7,171
107,932 95,592
Operating liabilities
45,139 45,431
LVMH has an income tax rate of approximately 30%
a. Compute LVMH's net operating profit after taxes (NOPAT) for 2020 and 2019. Round answers to one decimal place.
2019 €
2020 €
0
0
b. Compute LVMH's net operating profit margin (NOPM) for each year. Round answers to two decimal places (i.e. 0.25466 = 24.47%)
2019
2020
0%
0%
c. Compute LVMH's return on net operating assets (RNOA) for 2020. Round answer to two decimal places (i.e. 0.25466 = 24.47%)
2020
Check
0%
arrow_forward
1. Analyze each company's CCCs and components for the past three years.
2. Compare the two companies' CCCs and components.
arrow_forward
Inferring Transactions from Financial StatementsCostco Wholesale Corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 721locations across the U.S. as well as in Canada, the United Kingdom, Japan, Australia, South Korea, Taiwan, Mexico and Puerto Rico. As of its fiscal year-end 2016, Costco had approximately 86.7 million members. Selected fiscal-year information from the company's balance sheets follows.
Selected Balance Sheet Data ($ millions)
2016
2015
Merchandise inventories
$8,969
$8,908
Deferred membership income (liability)
1,362
1,269
(a) During fiscal 2016, Costco collected $2,739 million cash for membership fees. Use the financial statement effects template to record the cash collected for membership fees.(b) Costco recorded merchandise costs (that is, cost of goods sold) of $102,901 million in 2016. Record this transaction in the financial statement effects template.(c) Determine the…
arrow_forward
TASK SIX
Merchandising. Pharma help, Inc., a distributor of special pharmaceutical products, operates at capacity and has three main market segments: a. General supermarket chains b. Drugstore chains c. Mom-and-pop single-store pharmacies Rick Flair, the new controller of Pharma help, reported the following data for 2020
General Supermarket Chains
Drug store
Chains
Mom and Pop Single Stores
Total Phrmahelp
Revenues
$3,708,000
3,150,000
1,980,000
8,838,000
Cost of Goods Sold
3,600,000
3,000,000
1,800,000
8,400,000
Gross Margin
108,000
150,000
180,000
438,000
Other Operating exp
(301,080)
Operating Income
136,920
For many years, Pharmahelp has used gross margin percentage [(Revenue - Cost of goods sold)/ Revenue] to evaluate the relative profitability of its market segments. But Flair recently attended a seminar on activity-based costing and is considering using it at Pharmahelp to analyze and…
arrow_forward
8
arrow_forward
8
Alimentation Couche-Tard Inc. is a leading convenience store operator in Canada, with Couche-Tard stores in Quebec and Mac's
stores in central and western Canada. It also operates Circle K shops in the United States and Ingo automated fuel sites in Sweden
and Denmark.
Revenues
Cost of sales
Gross profit
CONSOLIDATED STATEMENTS OF EARNINGS
For the years ended April 24, 2022, April 25, 2021, and April 28, 2020
(in millions of U.S. dollars)
Operating, selling, administrative, and general expenses
(Gain) loss on disposal of property and equipment and other
assets
Depreciation, amortization, and impairment
Total operating expenses
Operating income
Share of earnings of joint ventures and associated companies
Net financial expenses
Earnings before income taxes
Income taxes
Net earnings
Revenues
Cost of sales
Gross profit
$
$
2022
28,000
23,699.2
4,300.8
3,304.0
(3.2)
2021
$ 27,590.0
23,619.8
3,970.2
3,145.3
(19.5)
284.2
3,410.0
560.2
63.4
111.8
2020
$ 24,310.0
20,298.9
4,011.1
3,060.6
299.6…
arrow_forward
aTTACHED IN SCREENSHOT
THANKS
NKONPP
P
P4N4PN4PT4
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you

Managerial Accounting
Accounting
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:South-Western College Pub

Financial And Managerial Accounting
Accounting
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:Cengage Learning,

College Accounting (Book Only): A Career Approach
Accounting
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cengage Learning

College Accounting (Book Only): A Career Approach
Accounting
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:South-Western College Pub

Cornerstones of Financial Accounting
Accounting
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Cengage Learning

Fundamentals Of Financial Management, Concise Edi...
Finance
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning
Related Questions
- prepare an income statement for delray manufacturing (a manufacturer)assume that its cost of goods manufactured is $1,247,000arrow_forwardInferring Transactions from Financial Statements The GAP is a global clothing retailer for men, women, children, and babies. The following information is taken from The Gap's fiscal 2015 annual report. Selected Balance Sheet Data ($ millions) 2015 2014 Inventories $1,845 $1,917 Accounts Payable 1,084 1,201 a. The Gap purchased inventories totaling $9,938 million during fiscal 2015. Use the financial statement effects template to record cost of goods sold for The Gap's fiscal year ended 2015. (Assume accounts payable is used only for recording purchases of inventories and all inventories are purchased on credit.) b. What amount did the company pay to suppliers during the year? Record this with the financial statement effects template. Use negative signs with answers, if appropriate. Transaction a. Recognize cost of goods sold. b. Cash paid to suppliers. Cash Asset + Noncash Assets Balance Sheet Liabilities Contrib. Capital Earned Capital Revenues - Income Statement Expenses = Net incomearrow_forwardK Find online the annual 10-K report for Costco Wholesale Corporation (COST) as of August 30, 2020. a. Compute Costco's net profit margin, total asset turnover, and equity multiplier. b. Verify the DuPont Identity for Costco's ROE. c. Repeat the analysis from parts (a) and (b) using Walmart Stores (WMT) instead. Specifically, use Walmart's data as of January 31, 2020. Based on the DuPont Identity, what explains the difference between the two firms' ROE? a. Compute Costco's net profit margin, total asset turnover, and equity multiplier. The net profit margin is%. (Round to two decimal places.) (Round to two decimal places.) The total asset turnover is The total asset turnover is The equity multiplier is b. Verify the DuPont Identity for Costco's ROE. The ROE is%. (Round to two decimal places.) c. Repeat the analysis from parts (a) and (b) using Walmart Stores (WMT) instead. Specifically, use Walmart's data as of January 31, 2020. The net profit margin is%. (Round to two decimal places.)…arrow_forward
- Before you begin this assignment, it will be helpful if you review Macy's, Inc. 2015 annual report (https://www.sec.gov/Archives/edgar/data/794367/000079436716000221/m-0130201610k.htm) Macy's, Inc. is a premier retailer in the United States, operating nearly 900 stores in 45 states. Macy's, Bloomingdale's, and Bloomingdale's Outlet are all brands that operate under Macy's, Inc. The company sells a wide range of merchandise including apparel and accessories, cosmetics, home furnishings, and other goods. Macy's, Inc. purchases its merchandise from many suppliers and also develops its own private label brands. Read the requirements: 1. Under the new revenue recognition rules, how will Macy's record and recognize sales revenue? Which financial statement is sales revenue reported on? 2. Macy's, Inc. reported cost of sales of $16,496 million for the year ending January 30, 2016. Which financial statement is cost of sales (also known as cost of goods sold)…arrow_forwardKindly help me with this question general Accountingarrow_forwardProblem 1: Below is the financial information for Justin Bieber's Merchandising company for the year 2020: Cash and Cash Equivalents Accounts Receivable Merchandise Inventory Machinery and Equipment Furnitures and Fixtures Total Assets 513,374 312,745 112,038 1,039,782 59,744 2,037,683 Suppose that the total current assets of the company for the year 2019 is P1,317,873 and the total fixed asset for the same year is P687,369 plus there is a prepaid expenses for 2020 of P35,000 for insurance. Compute for the financial leverage ratio assuming that the value of the total liabilities for the company is P856,971.arrow_forward
- Computing NOPAT, NOPM and RNOA LVMH Moët Hennessy Louis Vuitton SE (LVMH) is a French multinational luxury goods conglomerate headquartered in Paris. The following information is selected from their 2020 annual report. (€ millions) 2020 2019 Revenue Operating income Net financial income/(expense) Net income Operating assets 44,651 53,670 7,972 11,273 (608) (559) 4,702 7,171 107,932 95,592 Operating liabilities 45,139 45,431 LVMH has an income tax rate of approximately 30% a. Compute LVMH's net operating profit after taxes (NOPAT) for 2020 and 2019. Round answers to one decimal place. 2019 € 2020 € 0 0 b. Compute LVMH's net operating profit margin (NOPM) for each year. Round answers to two decimal places (i.e. 0.25466 = 24.47%) 2019 2020 0% 0% c. Compute LVMH's return on net operating assets (RNOA) for 2020. Round answer to two decimal places (i.e. 0.25466 = 24.47%) 2020 Check 0%arrow_forward1. Analyze each company's CCCs and components for the past three years. 2. Compare the two companies' CCCs and components.arrow_forwardInferring Transactions from Financial StatementsCostco Wholesale Corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 721locations across the U.S. as well as in Canada, the United Kingdom, Japan, Australia, South Korea, Taiwan, Mexico and Puerto Rico. As of its fiscal year-end 2016, Costco had approximately 86.7 million members. Selected fiscal-year information from the company's balance sheets follows. Selected Balance Sheet Data ($ millions) 2016 2015 Merchandise inventories $8,969 $8,908 Deferred membership income (liability) 1,362 1,269 (a) During fiscal 2016, Costco collected $2,739 million cash for membership fees. Use the financial statement effects template to record the cash collected for membership fees.(b) Costco recorded merchandise costs (that is, cost of goods sold) of $102,901 million in 2016. Record this transaction in the financial statement effects template.(c) Determine the…arrow_forward
- TASK SIX Merchandising. Pharma help, Inc., a distributor of special pharmaceutical products, operates at capacity and has three main market segments: a. General supermarket chains b. Drugstore chains c. Mom-and-pop single-store pharmacies Rick Flair, the new controller of Pharma help, reported the following data for 2020 General Supermarket Chains Drug store Chains Mom and Pop Single Stores Total Phrmahelp Revenues $3,708,000 3,150,000 1,980,000 8,838,000 Cost of Goods Sold 3,600,000 3,000,000 1,800,000 8,400,000 Gross Margin 108,000 150,000 180,000 438,000 Other Operating exp (301,080) Operating Income 136,920 For many years, Pharmahelp has used gross margin percentage [(Revenue - Cost of goods sold)/ Revenue] to evaluate the relative profitability of its market segments. But Flair recently attended a seminar on activity-based costing and is considering using it at Pharmahelp to analyze and…arrow_forward8arrow_forward8 Alimentation Couche-Tard Inc. is a leading convenience store operator in Canada, with Couche-Tard stores in Quebec and Mac's stores in central and western Canada. It also operates Circle K shops in the United States and Ingo automated fuel sites in Sweden and Denmark. Revenues Cost of sales Gross profit CONSOLIDATED STATEMENTS OF EARNINGS For the years ended April 24, 2022, April 25, 2021, and April 28, 2020 (in millions of U.S. dollars) Operating, selling, administrative, and general expenses (Gain) loss on disposal of property and equipment and other assets Depreciation, amortization, and impairment Total operating expenses Operating income Share of earnings of joint ventures and associated companies Net financial expenses Earnings before income taxes Income taxes Net earnings Revenues Cost of sales Gross profit $ $ 2022 28,000 23,699.2 4,300.8 3,304.0 (3.2) 2021 $ 27,590.0 23,619.8 3,970.2 3,145.3 (19.5) 284.2 3,410.0 560.2 63.4 111.8 2020 $ 24,310.0 20,298.9 4,011.1 3,060.6 299.6…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Managerial AccountingAccountingISBN:9781337912020Author:Carl Warren, Ph.d. Cma William B. TaylerPublisher:South-Western College PubFinancial And Managerial AccountingAccountingISBN:9781337902663Author:WARREN, Carl S.Publisher:Cengage Learning,College Accounting (Book Only): A Career ApproachAccountingISBN:9781305084087Author:Cathy J. ScottPublisher:Cengage Learning
- College Accounting (Book Only): A Career ApproachAccountingISBN:9781337280570Author:Scott, Cathy J.Publisher:South-Western College PubCornerstones of Financial AccountingAccountingISBN:9781337690881Author:Jay Rich, Jeff JonesPublisher:Cengage LearningFundamentals Of Financial Management, Concise Edi...FinanceISBN:9781337902571Author:Eugene F. Brigham, Joel F. HoustonPublisher:Cengage Learning

Managerial Accounting
Accounting
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:South-Western College Pub

Financial And Managerial Accounting
Accounting
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:Cengage Learning,

College Accounting (Book Only): A Career Approach
Accounting
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cengage Learning

College Accounting (Book Only): A Career Approach
Accounting
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:South-Western College Pub

Cornerstones of Financial Accounting
Accounting
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Cengage Learning

Fundamentals Of Financial Management, Concise Edi...
Finance
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning