2020-12-03 17:45:18 ULTA Ulta Beauty
12/03/20 12/0317:45 12/03/2017:45 | Ulta Beauty sees Q4 SSS down 12%-14%Says previously guided for Q4 SSS down in the mid-teens. Says "encouraged" by November sales results. Says doesn't know when company will return to double digit margins. Sees Q4 SG&A similar to last year's levels. Says company is a double digit margin business. Says updated plan for 2020 is to invest $150M-$160M in capital expenditures, including roughly $65M for new stores, remodels, and merchandise fixtures, $65M for supply chain and IT, and about $25M for store maintance and other expenses. Comments taken from Q3 earnings conference call. |
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