Ulta Beauty sees double-digit gains in Q1
BOLINGBROOK, Ill. — Ulta Beauty posted strong double-digit gains in sales and net income during first quarter 2014.
“Ulta Beauty delivered strong sales and earnings growth in the first quarter,” said Mary Dillon, CEO. “The team’s accomplishments included improving retail transactions which turned positive, driving continued momentum in our online business, successfully rolling out new brands, completing a smooth conversion of our loyalty program members onto one platform and managing inventory very well.”
For the first quarter ended May 4, net sales increased 22.5% to $713.8 million from $582.7 million in the first quarter of fiscal 2013. Comparable-store sales (sales for stores open at least 14 month and e-commerce sales) increased 8.7%. E-commerce comparable-sales grew 72.3%. Net income increased 19.4% to $50.0 million compared with $41.8 million in the first quarter of fiscal 2013. Income per diluted share increased 18.5% to 77 cents compared with 65 cents in the first quarter of fiscal 2013.
For the second quarter, Ulta currently expects net sales in the range of $706 million to $717 million, compared with actual net sales of $601 million in the second quarter of fiscal 2013. Comparable-store sales for the second quarter of 2014 are expected to increase 5% to 7%. The company reported a same-store sales increase of 8.4% in the second quarter of 2013.
Income per diluted share for the second quarter of fiscal 2014 is estimated to be in the range of 78 cents to 83 cents. This compares with income per diluted share for the second quarter of fiscal 2013 of 70 cents.
The company also reiterated its previously announced fiscal 2014 guidance. The company plans to achieve comparable-store sales growth of approximately 4% to 6%, including the impact of the e-commerce business; expand square footage by 15% with the opening of 100 net new stores; increase total sales in the mid-teens percentage range; remodel 12 locations; deliver earnings per share growth in the mid-teens percentage range; incur capital expenditures of approximately $265 million in fiscal 2014, compared to $226 million in fiscal 2013; and generate free cash flow in excess of $100 million.
CRN opens registration to annual meeting
WASHINGTON – The Council for Responsible Nutrition on Tuesday opened registration for the association’s educational/networking events — The Workshop: CRN’s Day of Science and The Conference: CRN’s Annual Symposium for the Dietary Supplement Industry — taking place Nov. 5 to 8 at the Ritz-Carlton, Laguna Niguel in Dana Point, Calif.
Michelle Stout, regulatory policy director at Amway/Nutrilite, and a member of CRN’s board of directors, has been appointed as the 2014 Conference dhair, by CRN chairman John Blair of The Juice Plus+ Company.
The workshop on Nov. 5 is a full-day symposium bringing together scientific experts to focus on relevant dietary supplement/nutrition science, culminating in an evening networking reception that also serves as the opening event for the conference. With two full days (Thursday and Friday) of educational sessions and speakers, the conference will end on Saturday morning following a “Breakfast with …” speaker.
“The CRN events have developed a strong reputation for providing leaders in our industry with valuable updates, fresh perspectives and best practices across regulatory, legal, legislative, science and international disciplines,” Stout said. “This year at The Conference we will build on the success of last year’s event to provide an even broader look at critical industry and business issues, with hands-on, dynamic business and communications sessions. I am honored to serve as conference chair and look forward to welcoming participants to my home state of California.”
QS/1 partnering with VUCA Health to offer on-demand prescription-specific videos
SPARTANBURG, S.C. — QS/1, a complete healthcare automation solutions provider, on Tuesday announced it is partnering with VUCA Health to offer on-demand prescription-specific videos, as well as other services to engage patients and strengthen customer relationships.
QS/1 pharmacies will be able to print QR codes on prescription labels that link to thousands of videos in the MedsOnCue library. The videos help patients review how to take their medications safely with easy to understand information on potential side effects and how to limit any avoidable reactions.
“By partnering with VUCA Health to bring MedsOnCue to our customers, we are taking pharmacy-patient communications to the next level,” stated John Frady, QS/1’s market analyst for the pharmacy market. “MedsOnCue enables our pharmacies to positively impact health literacy and medication adherence by tapping into the power of on-demand video briefings that leverage the ubiquitous nature of mobile communications.”
“Leading-edge companies like QS/1 recognize that coupling digital content with mobile technology creates a powerful platform from which pharmacies can deliver meaningful patient education that overcomes the barriers to medication adherence,” added VUCA Health CEO David Medvedeff.
In addition to the library of videos in English and Spanish, the MedsOnCue solution also includes three customizable services designed to reinforce patient relationships and cultivate pharmacy loyalty: Connect Me, providing “click-to-call” access to client-designated pharmacies or call centers; Remind Me for streamlined registration with a medication alert and reminder program; and Inform Me, providing on-demand access to additional prescription information and health or wellness resources.