Ulta Beauty, Inc. (ULTA) Q1 2024 Earnings Call Transcript

Date:


Ulta Beauty, Inc. (NASDAQ:ULTA) Q1 2024 Earnings Conference Call May 30, 2024 4:30 PM ET

Company Participants

Kiley Rawlins – CFA, Vice President, Investor Relations
Dave Kimbell – Chief Executive Officer
Paula Oyibo – Chief Financial Officer
Kecia Steelman – President and Chief Operating Officer

Conference Call Participants

Simeon Siegel – BMO Capital Markets
Simeon Gutman – Morgan Stanley
Kate McShane – Goldman Sachs
Chris Horvers – JPMorgan
Mark Altschwager – Baird
Oliver Chen – TD Cowen
Michael Binetti – Evercore ISI
Krisztina Katai – Deutsche Bank

Operator

Good afternoon and welcome to Ulta Beauty’s Conference Call to discuss Results for the Ulta Beauty’s First Quarter 2024 Earnings Results. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce Ms. Kiley Rawlins, Vice President of Investor Relations. Ms. Rawlins, please proceed.

Kiley Rawlins

Thank you, Sherry. Good afternoon, everyone, and thank you for joining us for a discussion of Ulta Beauty’s results for the first quarter of fiscal 2024. Hosting our call today are Dave Kimbell, Chief Executive Officer and Paula Oyibo, Chief Financial Officer. Kecia Steelman, President and Chief Operating Officer will join us for the Q&A session.

Before we begin, I’d like to remind you of the Company’s Safe Harbor language. The statements contained in this conference call, which are not historical facts, may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual future results may differ materially from those projected in such statements due to a number of risks and uncertainties, all of which are described in the Company’s filings with the SEC. We caution you not to place undue reliance on these forward-looking statements, which speak only as



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