Ulta Beauty — Dec 5, 2024 release

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 cal