We're on a quest to bring the fun side of beauty to all—constantly delighting our guests with All Things Beauty, All in One Place™ while offering rewarding careers for our passionate,
Our Vision: To be the most-loved beauty destination of our guests and the most-admired retailer by our Ulta Beauty associates, communities, partners and investors.
Our Mission: Every day we use the power of beauty to bring to life the possibilities that lie within each of us – inspiring every guest and enabling each associate to build a fulfilling career.
Chief Executive Officer
So, a little bit about us. Ulta Beauty, Inc. (NASDAQ: ULTA) is the largest beauty retailer in the U.S. and the premier beauty destination for cosmetics, fragrance, skin care products, hair care products and salon services.
Since opening our first store in 1990, Ulta Beauty has grown to become the top national retailer providing All Things Beauty. All in One Place.™
We offer more than 20,000 products from approximately 500 well-established and emerging beauty brands across all categories and price points, including our private label Ulta Beauty Collection.
We offer a full-service salon in every store featuring hair, skin, brow and makeup services.
Ulta Beauty is recognized for its commitment to personalized service, fun and inviting stores, and our industry-leading Ultamate Rewards loyalty program.
Pretty possibilities. Ulta Beauty is committed to offering our guests unrivaled ways to be beautiful in an environment that provides the thrill of exploration and the delight of discovery.
Look, shop, play—reward yourself! With our free Ultamate Rewards loyalty program, guests sign up and earn points for every dollar spent on products, beauty services and at ulta.com—then put those points toward future in-store or online purchases. They also get exclusive offers, discounts and even a free birthday gift. It's our way of showing how beauty loves them back.
We like it here. Ulta Beauty is devoted to creating career opportunities that foster peak performance, reflect the diversity of the community, support work/life balance and empower associates to “wow” our guests.
DC Admin Coordinator
Salon Market Trainer
We've significantly invested in our associates over the last several years, adopting new benefits and policies that give our associates greater flexibility and security and a better work-life balance:
Ulta Beauty is also committed to conducting business with integrity, which is why inspiring trust is extremely important. It helps us maintain the respect of our guests, associates, and business and community partners and preserves Ulta Beauty’s winning culture of which we are all so proud.
We give our all. We proudly support our local communities by creating new jobs across the country and investing in areas of interest to women such as breast cancer research, education and job training.
Ulta Beauty is among the top three corporate partners of the Breast Cancer Research Foundation (BCRF), a nonprofit organization committed to achieving prevention and a cure for breast cancer.
Since 2009, our signature fundraising events, which raise money from guests, associates and partners, has generated a total contribution of $22 million, used to fund 72 breast cancer research projects.
Myra Biblowit, BCRF President & CEO
The Ulta Beauty Charitable Foundation (UBCF) is committed to enhancing the education and well-being of women and their families throughout our communities. In addition to giving time, our associates are generous with their own money. Associates have the option to enroll in a payroll deduction program to further support the impact they and UBCF can have on our communities. In 2017, we launched an Associate Relief Program to provide financial grants to associates facing hardship.
In 2017, Ulta Beauty established a national partnership with Dress for Success, an international, not-for-profit organization that empowers women to achieve economic independence by providing a network of support, professional attire and the development tools to help women thrive in work and in life. The partnership includes financial support and Ulta Beauty Collection product to help women look and feel their best.
We support the continuum of services program at 18 local affiliates to give more than 20,000 women the tools they need to build long-term careers. Associates show support for women and families by volunteering to sort and merchandise the Dress for Success suiting boutiques, collect clothing accessories and provide tips on applying professional makeup.
Ulta Beauty is proud to provide financial support, products and valuable time to support our existing partnerships with local nonprofit organizations, especially in relation to mentoring, early childhood and school readiness, and family and child care. We partner with DonorsChoose.org to provide resources to classrooms throughout the United States—each store engaging with their local communities to contribute to projects that make a difference to students and teachers alike. And Ulta Beauty leaders lend their time, expertise and passion by serving as board members for nonprofits organizations.
Globally minded: As a company, Ulta Beauty works to operate in an environmentally responsible manner and has been implementing sustainability initiatives in our stores, distribution centers and corporate offices. We have a dedicated Corporate Energy Team that focuses on managing our energy use wisely and conserving resources.
Through our energy management program, Ulta Beauty has reduced our comparable store electric consumption in 2017 by over 4 million kWh, which is equivalent to reducing more than 3,000 metric tons of GHG emissions. And in 2017, Ulta Beauty stores and distribution centers recycled a total of more than 12,000 tons of cardboard and plastic shrink wrap.
We have energy management systems (EMS) in most of our stores. The EMS conserves energy while saving annual operating costs by accomplishing the following:
• Controlling lighting schedules more precisely and ensuring minimal lighting is in use outside of store open hours
• Operating HVAC units according to a corporate setpoint that reduces energy usage while maintaining a comfortable store environment for our guests
• Detecting malfunctioning equipment before it impacts the store environment and wastes energy
We have been utilizing LED lighting in new store construction since 2015, resulting in stores with reduced energy consumption.
We specify that all new stores have high-efficiency HVAC units that exceed industry standards, and we proactively replace older, inefficient HVAC systems.
Our efforts are noticed in the industry. We have been recognized by The Department of Energy (DOE) for energy efficiency leadership in replacing and upgrading rooftop units (RTUs) in commercial buildings. We utilize the EPA’s ENERGY STAR Portfolio Manager for benchmarking our stores. We also earned the Tenant – Silver recognition by the Institute for Market Transformation and the DOE’s Better Buildings Alliance as a Green Lease Leader, marking us as the first small box retail tenant to earn this designation.
A group of our corporate associates volunteer to serve as members of the Ulta Beauty Green Group to ensure that our corporate office is doing all that it can to be environmentally responsible. In 2017, the Ulta Beauty Green Group successfully completed a campaign to replace the disposable coffee cups with reusable coffee mugs and hosted electronics recycling drives at the corporate office. The group has dramatically improved office recycling and plans to continue their efforts going forward.
Our programs are always evolving and we continue to research additional ways Ulta Beauty can be a sustainable retailer.
All in this together. Ulta Beauty offers our partners opportunities to significantly grow brands and services. We strive always to deliver on our promises and operate ethically with them.
Our business is supported by a network of third parties, including suppliers, vendors and other business partners. We select our partners carefully and only conduct business with organizations that are committed to conducting business ethically.
We carefully select partners that manufacture the Ulta Beauty Collection. All Ulta Beauty Collection products are California Prop 65 compliant and in addition to the stricter rigor of Prop 65, the Ulta Beauty Collection has compiled a “Do Not Use” list included with all new product briefs which goes beyond current regulatory standards. Are you a brand interested in having your products sold at Ulta Beauty? Please visit Merchandising Submissions to learn more.
Strong financial performance. Ulta Beauty is committed to consistently delivering attractive shareholder returns.
The Ulta Beauty team delivered outstanding results in 2017, driving record sales and profits while making significant progress against our strategic imperatives and investing to drive market share gains and create sustainable long term shareholder value.
In 2017, sales increased 21.2% to $5.9 billion. Total company comparable sales rose 11.0%, driven by healthy increases in both traffic and average ticket. GAAP earnings per diluted share grew 37.4% to $8.96 per diluted share, including a benefit of $0.80 related to a lower tax rate due to the Tax Cuts and Jobs Act and the new accounting standard for share-based payments, offset by one-time bonuses for our hourly associates.
Our Board of Directors oversees an enterprise-wide approach to risk management, designed to support the achievement of organizational objectives, including strategic objectives, to improve long-term organizational performance and enhance stockholder value.
Our Board of Directors consists of twelve directors, 50% of whom are female. Board member independence is an essential element of Ulta Beauty corporate governance. The Board of Directors has determined that each of the current non-employee directors is free of any relationship that would interfere with his or her individual exercise of independent judgement with regard to Ulta Beauty. We currently separate the roles of Chief Executive Officer and Chairperson of the Board. Our Board is led by an independent, non-executive Chairperson.