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Ulta Beauty Sees FY20 EPS $12.55-$12.75 vs $11.99 Est.

Outlook For fiscal 2020, the Company plans to: open approximately 75 net new stores, execute approximately 15 remodel or relocation projects, and complete approximately 42 store refreshes; increase total sales by

Benzinga · 03/12/2020 20:04

Outlook

For fiscal 2020, the Company plans to:

  • open approximately 75 net new stores, execute approximately 15 remodel or relocation projects, and complete approximately 42 store refreshes;
  • increase total sales by approximately 7.0% to 8.0%;
  • achieve comparable sales growth of approximately 3.0% to 4.0%;
  • deleverage operating income margin rate in the range of 70 to 80 basis points;
  • deliver diluted earnings per share in the range of $12.55 to $12.75, including the impact of approximately $1.3 billion in share repurchases and assuming an effective tax rate of between 24% and 24.5%;
  • incur capital expenditures between $280 million and $300 million;
  • incur depreciation and amortization expense between $310 million and $320 million; and
  • incur net interest expense of approximately $9.0 million.

The Company’s guidance does not include assumptions for any impact related to Coronavirus.