William Blair Growth Stock Conference June 12, 2013 Scott Settersten, Chief Financial Officer

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "William Blair Growth Stock Conference June 12, 2013 Scott Settersten, Chief Financial Officer"

Transcription

1 William Blair Growth Stock Conference June 12, 2013 Scott Settersten, Chief Financial Officer Presentation Name, Month XX, 2012

2 Safe Harbor Statement This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, or the Exchange Act (as amended), and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which reflect our current views with respect to, among other things, future events and financial performance. You can identify these forward-looking statements by the use of forward-looking words such as outlook, believes, expects, plans, estimates, or other comparable words. Any forward-looking statements contained in this presentation are based upon our historical performance and on current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by us or any other person that the future plans, estimates or expectations contemplated by us will be achieved. Such forward-looking statements are subject to various risks and uncertainties, which include, without limitation: the impact of weakness in the economy; changes in the overall level of consumer spending; changes in the wholesale cost of our products; the possibility that we may be unable to compete effectively in our highly competitive markets; the possibility that our continued opening of new stores could strain our resources and have a material adverse effect on our business and financial performance; the possibility that new store openings and existing locations may be impacted by developer or co-tenant issues; the possibility that the capacity of our distribution and order fulfillment infrastructure may not be adequate to support our recent growth and expected future growth plans; the possibility of material disruptions to our information systems; weather conditions that could negatively impact sales; our ability to attract and retain key executive personnel; our ability to successfully execute and implement our common stock repurchase program; and other risk factors detailed in our public filings with the SEC. You are urged to carefully review the disclosures we make concerning the risks, uncertainties and assumptions that may affect our business and operating results, including, but not limited to, the risks, uncertainties and assumptions set forth in our most recent Annual Report on Form 10-K under the captions Risk Factors, Business, Legal Proceedings and Management s Discussion and Analysis of Financial Condition and Results of Operations and any of those made in our other reports filed with the SEC. Please consider our forward-looking statements in light of those risks, uncertainties and assumptions as you evaluate this presentation. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Also, forward-looking statements represent our management s beliefs and assumptions only as of the date of the relevant document. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. We undertake no obligation to update any forward-looking statements after the date of this presentation, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws and regulations. 1

3 Why Invest in ULTA? Fast growth retailer with 48% penetration into 1,200 U.S. store plan Differentiated retail concept taking share in a fragmented market Attractive beauty industry and favorable demographic shifts Strong pipeline of newness in merchandising across categories Well-defined growth strategies Long-term financial model targeting 25% - 30% annual net income growth and mid-teen operating margin Strong operating cash flow enabling self-funded growth and free cash flow generation Tenured, experienced team in place to deliver strategies 2

4 Who We Are Only national beauty retailer of prestige, mass and salon products and services under one roof 576 convenient locations in 46 states as of Q ~10,000 sq. ft. stores carry 20,000 SKUs, 500 brands Rapidly growing e-commerce business Compelling loyalty program with ~11 million active members 3

5 One-Stop Shopping for Beauty in Convenient Locations One-Stop Shopping for Beauty Compelling Value Proposition Mass Salon Prestige Loyalty Program Exclusive Product Promotions / Events Convenient Off-Mall Locations Full-Service Salons 4

6 An Inviting Specialty Store Experience Exciting Modern Store Design Friendly, Well-Trained, Non-Commissioned Beauty Advisors Experiential Boutiques & Testers Licensed Stylists & Estheticians 5

7 Track Record of Sales and Earnings Growth 550 Number of Stores at Year End CAGR +15% Sales and Comp Store Sales Growth $2,220 $1,776 $1,455 $1,085 $1, CAGR +20% Comps 0.2% 1.4% 11.0% 10.9% 8.8% $172 Net Income $25 $39 $71 $120 CAGR +62% Growth (0.3%) 55.8% 80.5% 69.3% 43.5% Note: $ in millions. 6

8 Significant Market Share Opportunity ULTA has ~2% share of the >$100 Billion U.S. Market $41 Billion Salon Services Market Hair Care Services, Skin Care Services, and Nail Salons 41% Hair Care 10% Skin Care 10% Cosmetics 10% $59 Billion Beauty Products Market Fragrance 6% Other* 23% Source: 2012 data from April 2012 Euromonitor and September 2011 IBIS World reports * Other includes: bath and shower, deodorants, depilatories, men s grooming, oral care, and sun care products. 7

9 ULTA Beauty Customer Profile Broad-based: format appeals to women of all ages, from teenagers to mature women Suburban: 75% of Ulta Beauty stores in trade areas with <150K households Affluent: average household income > $70K Fashion and style conscious Appreciates convenience of one-stop shopping Values newness Prefers welcoming, friendly environment to high pressure, commissioned sales environment Embraces technology: researches products and tips online, engages social communities 8

10 5-Point Multi-Year Growth Strategy Accelerate Pace of New Store Expansion 1,200 Store Plan in the U.S. Continue to Expand Offering with New Products, Services and Brands Enhance Successful Loyalty Program Broaden Marketing Reach Increase Focus on Digital Strategy Long-Term Targets: 15% - 20% Annual Square Footage Growth 4% - 6% Annual Comparable Store Sales Growth* *Includes e-commerce sales 9

11 Growth Plan Targets 1,200 U.S. Stores 576 stores in 46 states 48% penetrated into plan Rapid new store growth Expanded square footage by 16% in 2011 Added 101 net stores in 2012, for 23% square footage growth Opening 125 Stores in 2013 for 22% square footage growth ~75% in existing centers ~33% in new markets Note: Store data as of May 4,

12 Proven Ability to Add New Brands new brands added since 2009, including 20 in Strong pipeline of new brands continues in

13 Expanding Service Offering in Salon Rolled out OPI gel nail service in 2012 Microdermabrasion rolled out to all stores in Q Hair extension service offered chain-wide as of May

14 Prestige Brand Boutiques Enhance Shopping Experience Most stores offer 4 6 prestige brand boutiques Clinique boutiques in 51 stores as of Q1 with additional expansion in 2013 Lancôme boutiques in 80 stores, adding 25 in the fall of 2013 Bare Minerals Benefit Clinique Dermalogica Lancôme Philosophy 13

15 Enhance Successful Loyalty Program Over 11 million active loyalty program members Represents over 50% of sales Higher shopping frequency and spending vs. non-members Converted 50% of stores to improved loyalty program, ULTAmate Rewards, expect to convert remaining 50% of stores in early 2014 Implemented new CRM platform in Q Enables more sophisticated segmentation based on customer behaviors Facilitates tailored, one-on-one marketing initiatives to customers 14

16 Broaden Marketing Reach Building on our strong foundation of print advertising Partnering with national media to highlight our position as a beauty and trend authority Expanding into new marketing media to build brand, reach new and existing guests Increasing focus on social media Print / Special Events National Media Digital Marketing Social Media 15

17 Building E-Commerce Capabilities Significant growth opportunity from a base of low single digit penetration Including e-commerce in comp sales, beginning in % growth in Q1 2013, contributing 140 basis points to the comp Launched mobile apps in 2012 Expanding on-line assortment Increasing digital marketing presence Investing substantial resources in web site redesign, fulfillment capability, and people in

18 Strong Performance in %* FY 12 Net Sales Growth Improved Operating Margin $759 $280 $474 $482 $506 $196 Q1 '12 Q2 '12 Q3 '12 Q4 '12 FY 12 FY '11 FY '12 1-Yr Comp 10.1% 9.3% 8.4% 8.0% 8.8% 2-Yr Comp 21.2% 20.6% 18.0% 19.5% 19.7% Operating Income Margin 11.0% 12.6% 41% Earnings Per Share Growth 23% Square Footage Growth $1.90 $ FY '11 FY '12* FY '11 FY '12 Note: $ in millions, except per share data. Square footage in millions. * FY 12 includes 53 rd week. 17

19 Q Financial Performance Total Sales Growth of 22.9% Comparable Store Sales Increase of 6.7% Two-Year Comparable Store Sales Increase of 16.8% Earnings Per Share Growth of 20.4% Opened 28 New Stores 18

20 2013 Guidance as of June 11, 2013 Guidance for Q Guidance for FY %-6% comp store sales growth* Total revenue growth of ~22% Diluted EPS of $ $ new stores 4%-6% comp store sales growth* Diluted EPS growth at the low end of the long-range plan (25%-30%) Capital expenditures of $225 million 22% square footage growth 125 new stores 7 remodels Generate free cash flow * Comp store sales includes e-commerce. 19

21 2013 Incremental Investments of $0.13 EPS Supporting Long-Term Sustainable Growth New Store Program (2013 impact: $0.05 EPS) 125 store openings planned for 2013, vs. 101 in 2012 Pre-opening expense impact: $ $0.03 EPS Larger proportion of immature stores deleverages fixed costs: $ $0.03 EPS Supply Chain (2013 impact: $0.03 EPS) Planning to add an additional DC in 2014 Upgrading Warehouse Management and Control Systems Expanding e-commerce order fulfillment capabilities Digital Strategy (2013 impact: $0.03 EPS) Ulta.com site redesign People Marketing Guest Experience (2013 impact: $0.02 EPS) Investing in store labor to optimize guest experience Supporting growth of prestige brands with more highly skilled and trained labor 20

22 Long-Term Financial Targets Annual Square Footage Growth: 15% - 20% Annual Comparable Store Sales Growth*: 4% - 6% Operating Margins: Mid Teens Annual Net Income Growth: 25% - 30% Return on Equity: 26% - 27% * Comp store sales includes e-commerce. 21

23 Compelling New Store Economics Store Size 10,000 Square Feet Current Model Leasehold and Fixtures, Net $0.4 New Store Investment Inventory, Net of Payables 0.5 Pre-Opening Expenses 0.1 Total Initial Investment $1.0 Year One Year Three Year Five (Maturity) Sales $2.8 $3.5 $4.0 Sales Growth (1) 11% 6% Unit Economics Sales as % of Year 5 Sales 70% 87% 100% Store-Level Cash Flow $0.4 $0.9 $1.0 Sales Per Square Foot $280 $350 $400 Cumulative Cash-on-Cash Return 40% 168% 340% Payback Period 2.0 Years Note: $ millions except for sales per square foot data. (1) Sales growth from preceding year. 22

24 Drivers of Sustainable Margin Expansion Benefits from increasing scale, especially as portfolio of stores matures Corporate overhead Merchandise planning and allocation E-commerce profit leverage 8.2% Operating Margin 11.0% 12.6% Mid-Teens Supply chain efficiencies 5.6% More efficient marketing channels Digital marketing, CRM Product mix trending towards prestige products Medium-Term Goal More sophisticated store labor planning tools Increased emphasis on corporate procurement function 23

25 Debt-Free Balance Sheet & Strong Cash Flow Generation Annual Capital Expenditure Free Cash Flow* $189 $105 $92 $129 $79 $111 $68 $97 $ Strong Financial Position Growth in capital expenditures primarily driven by acceleration in new store growth Net cash position of $320 million as of fiscal 2012 year-end, no debt Strong liquidity supported by undrawn revolving credit facility of $200 million Paid $1 per share special dividend to shareholders of record in May, 2012 Authorized $150 million share repurchase program in March, 2013 Expect to continue to organically fund growth needs and generate free cash flow Note: $ in millions. * Cash provided by operating activities less purchases of property and equipment. Free cash flow is a non-gaap measure and is not intended to supersede or replace the Company s GAAP results. For GAAP reconciliation to free cash flow, refer to statement of cash flow included in financial statements included on Form 10K. 24

26 Q&A 25

17 th Annual ICR XChange Conference January 12, 2015

17 th Annual ICR XChange Conference January 12, 2015 17 th Annual ICR XChange Conference January 12, 2015 safe harbor This presentation contains forward-looking statements. Such statements are intended to qualify for the protection of the safe harbor provided

More information

Fourth Quarter & Fiscal 2013 Business Update. February 26, 2014

Fourth Quarter & Fiscal 2013 Business Update. February 26, 2014 Fourth Quarter & Fiscal 2013 Business Update February 26, 2014 Fourth Quarter 2013 Highlights $ in millions, except EPS +12% Adjusted Operating Income* (Adjusted Operating Margin) Adjusted EPS* +10% $689.3

More information

GAP INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS

GAP INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS GAP INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS Fourth Quarter 2014 Earnings Per Share Grew 10 Percent; Up 20 Percent Excluding Foreign Exchange Impact Fiscal Year 2014 Earnings Per Share

More information

Earnings Webcast & Conference Call

Earnings Webcast & Conference Call November 5, 2015 Earnings Webcast & Conference Call First Quarter FY 2016 2014 1 Forward-Looking Statements This presentation and other written or oral statements made from time to time by representatives

More information

McKesson Corporation J.P. Morgan Healthcare Conference

McKesson Corporation J.P. Morgan Healthcare Conference McKesson Corporation J.P. Morgan Healthcare Conference John Hammergren Chairman and Chief Executive Officer January 13, 2015 Forward-Looking Statements Some of the information in this presentation is not

More information

beautiful

beautiful beautiful beautiful beautiful beautiful beautiful this is a beautiful business ULTA SAlon, cosmetics & fragrance, INC. 2007 ANNUAL REPORT this is a beautiful business Fiscal year ended 1 ( In thousands,

More information

GAP INC. LEADERSHIP TEAM DETAILS PRODUCT AND CUSTOMER EXPERIENCE STRATEGIES TO BUILD FOR THE FUTURE

GAP INC. LEADERSHIP TEAM DETAILS PRODUCT AND CUSTOMER EXPERIENCE STRATEGIES TO BUILD FOR THE FUTURE GAP INC. LEADERSHIP TEAM DETAILS PRODUCT AND CUSTOMER EXPERIENCE STRATEGIES TO BUILD FOR THE FUTURE Actions to Drive Stronger Performance at Gap North America, Coupled with Continued Global Growth and

More information

Burlington Stores, Inc. Announces Operating Results for the Fourth Quarter and Fiscal Year Ended February 1, 2014

Burlington Stores, Inc. Announces Operating Results for the Fourth Quarter and Fiscal Year Ended February 1, 2014 FOR IMMEDIATE RELEASE Burlington Stores, Inc. Announces Operating Results for the Fourth Quarter and Fiscal Year Ended February 1, 2014 Comparable store sales increased 4.0% and 4.7%, for the fourth quarter

More information

FOSSIL GROUP, INC. REPORTS THIRD QUARTER 2014 RESULTS. Third Quarter Net Sales Increase 10% to $894 Million; Diluted EPS Increases 24% to $1.

FOSSIL GROUP, INC. REPORTS THIRD QUARTER 2014 RESULTS. Third Quarter Net Sales Increase 10% to $894 Million; Diluted EPS Increases 24% to $1. FOSSIL GROUP, INC. REPORTS THIRD QUARTER RESULTS Third Quarter Net Sales Increase 10% to $894 Million; Diluted EPS Increases 24% to $1.96 Updates Full Year Guidance and Provides Fourth Quarter Guidance

More information

On a comparable calendar basis, same-restaurant sales increased 2.6% for the quarter (13-weeks ended May 29, 2016 vs. 13-weeks ended May 31, 2015)

On a comparable calendar basis, same-restaurant sales increased 2.6% for the quarter (13-weeks ended May 29, 2016 vs. 13-weeks ended May 31, 2015) Contacts: (Analysts) Kevin Kalicak (407) 245-5870 (Media) Rich Jeffers (407) 245-4189 DARDEN RESTAURANTS REPORTS FISCAL 2016 FOURTH QUARTER AND FULL YEAR RESULTS; REPORTS POSITIVE SAME-RESTAURANT SALES

More information

Investor Presentation March 2016

Investor Presentation March 2016 Investor Presentation March 2016 0 Disclaimer This presentation contains certain forward-looking statements, which may be identified by the use of forward-looking terminology, including the terms may,

More information

ebay Inc. to Acquire GSI Commerce

ebay Inc. to Acquire GSI Commerce ebay Inc. to Acquire GSI Commerce Investor/Analyst Call March 28, 2011 Forward-looking statements This presentation contains non-gaap measures relating to the company's performance. You can find the reconciliation

More information

1 st QUARTER 2015 EARNINGS RESULTS Fran Shammo Chief Financial Officer

1 st QUARTER 2015 EARNINGS RESULTS Fran Shammo Chief Financial Officer VlpHU09DSUQyMDE1UTE= VlpHU09DSUQyMDE1UTE= 1 st QUARTER 2015 EARNINGS RESULTS Fran Shammo Chief Financial Officer April 21, 2015 Safe Harbor Statement NOTE: In this presentation we have made forward-looking

More information

Second Quarter 2015 Results July 21, 2015

Second Quarter 2015 Results July 21, 2015 Second Quarter 2015 Results Investor Presentation 2015 vs. 2014 P&L Summary Second Quarter Second Quarter 2015 Reported 2014 Reported Revenue $ 3,805.3 $ 3,870.9 EBITA (a) 565.7 574.2 Margin % 14.9% 14.8%

More information

FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3.

FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3. FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3.00 Fiscal Year 2014 Net Sales Increase 8% to $3.510 Billion;

More information

Morgan Stanley Financials Conference

Morgan Stanley Financials Conference Morgan Stanley Financials Conference June 11, 2014 George R. Aylward President and Chief Executive Officer Important Disclosures This presentation contains statements that are, or may be considered to

More information

Creating a Stronger, More Efficient Competitor Able to Meet Growing Challenges of a Rapidly Changing Industry. February 20, 2013

Creating a Stronger, More Efficient Competitor Able to Meet Growing Challenges of a Rapidly Changing Industry. February 20, 2013 Creating a Stronger, More Efficient Competitor Able to Meet Growing Challenges of a Rapidly Changing Industry February 20, 2013 Discussion of Forward-Looking Statements OFFICE DEPOT SAFE HARBOR STATEMENT

More information

1st Quarter 2016 Earnings Results

1st Quarter 2016 Earnings Results 1st Quarter 2016 Earnings Results May 4, 2016 Forward-Looking Statements Except for historical and factual information, the matters set forth in this presentation and other of our oral or written statements

More information

Walmart reports Q1 FY 16 EPS of $1.03

Walmart reports Q1 FY 16 EPS of $1.03 Walmart reports Q FY 6 EPS of.03 Q diluted EPS from continuing operations was.03, within guidance of 0.95 to.0. Currency negatively impacted EPS by approximately 0.03. Walmart U.S..% comp includes positive

More information

Q3 FY 2013 Earnings Conference Call. June 24, 2013

Q3 FY 2013 Earnings Conference Call. June 24, 2013 Q3 FY 2013 Earnings Conference Call June 24, 2013 1 Safe Harbor Announcement Certain information in this presentation may constitute forward-looking statements under the Private Securities Litigation Reform

More information

FOOT LOCKER, INC. REPORTS THIRD QUARTER RESULTS

FOOT LOCKER, INC. REPORTS THIRD QUARTER RESULTS N E W S R E L E A S E FOOT LOCKER, INC. REPORTS THIRD QUARTER RESULTS Contact: Peter D. Brown Senior Vice President, Chief Information Officer and Investor Relations Foot Locker, Inc. (22) 720-4254 Third

More information

Staples, Inc. Announces Second Quarter 2015 Performance

Staples, Inc. Announces Second Quarter 2015 Performance Media Contact: Kirk Saville 508-253-8530 Investor Contact: Chris Powers/Kevin Barry 508-253-4632/1487 Staples, Inc. Announces Second Quarter 2015 Performance FRAMINGHAM, Mass., August 19, 2015 Staples,

More information

Financial Outlook* Michael Bell Executive Vice President and Chief Financial Officer CIGNA Corporation

Financial Outlook* Michael Bell Executive Vice President and Chief Financial Officer CIGNA Corporation Financial Outlook* Michael Bell Executive Vice President and Chief Financial Officer CIGNA Corporation *Information presented as of November 21, 2008 Agenda 2008 & 2009 Financial Outlook Critical Success

More information

WILLIAMS-SONOMA, INC.

WILLIAMS-SONOMA, INC. WILLIAMS-SONOMA, INC. 3250 Van Ness Avenue San Francisco, CA 94109 CONT: Julie P. Whalen EVP, Chief Financial Officer (415) 616-8524 Gabrielle L. Rabinovitch Vice President, Investor Relations (415) 616-7727

More information

irobot First-Quarter 2015 Conference Call Script

irobot First-Quarter 2015 Conference Call Script irobot First-Quarter 2015 Conference Call Script Operator: Good day everyone and welcome to the irobot first-quarter 2015 financial results conference call. This call is being recorded. At this time for

More information

Walmart reports Q3 FY 16 EPS of $1.03, Walmart U.S. added $2.7 billion in sales, comp sales of 1.5%

Walmart reports Q3 FY 16 EPS of $1.03, Walmart U.S. added $2.7 billion in sales, comp sales of 1.5% Walmart reports Q3 FY 6 EPS of.03, Walmart U.S. added 2.7 billion in sales, comp sales of.5% Q3 diluted EPS from continuing operations was.03, benefited by approximately 0.04 from an adjustment for certain

More information

N E W S R E L E A S E

N E W S R E L E A S E N E W S R E L E A S E Foot Locker, Inc. 112 West 34 th Street, New York, NY 10120 Contact: John A. Maurer Vice President, Treasurer and Investor Relations Foot Locker, Inc. (212) 720-4092 FOOT LOCKER,

More information

Third Quarter 2015 Results October 20, 2015

Third Quarter 2015 Results October 20, 2015 Third Quarter 2015 Results Investor Presentation 2015 vs. 2014 P&L Summary Third Quarter Third Quarter 2015 2014 Revenue $ 3,706.6 $ 3,749.6 EBITA (a) 454.7 460.5 Margin % 12.3% 12.3% Amortization of Intangibles

More information

First Quarter 2015 Earnings Conference Call. May 12, 2015

First Quarter 2015 Earnings Conference Call. May 12, 2015 First Quarter 2015 Earnings Conference Call May 12, 2015 Forward Looking Statements Statements made in this presentation that relate to our future performance or future financial results or other future

More information

Domino s Pizza Investor Presentation. November 2009

Domino s Pizza Investor Presentation. November 2009 Domino s Pizza Investor Presentation November 2009 Forward-Looking Statements This presentation and our accompanying comments include forward-looking statements. These statements relate to future events

More information

Xerox to Acquire Affiliated Computer Services

Xerox to Acquire Affiliated Computer Services Xerox to Acquire Affiliated Computer Services Ursula Burns Chief Executive Officer, Xerox Larry Zimmerman Vice Chairman & CFO, Xerox Lynn Blodgett President and Chief Executive Officer, ACS September 28,

More information

Office Depot Announces First Quarter 2011 Results. April 26, :02 AM ET

Office Depot Announces First Quarter 2011 Results. April 26, :02 AM ET Office Depot Announces First Quarter 2011 Results April 26, 2011 7:02 AM ET BOCA RATON, Fla., Apr 26, 2011 (BUSINESS WIRE) -- Office Depot, Inc. (NYSE: ODP), celebrating 25 years as a leading global provider

More information

Hewlett-Packard Separation Will Create Two New Industry-Leading Public Companies

Hewlett-Packard Separation Will Create Two New Industry-Leading Public Companies Hewlett-Packard Separation Will Create Two New Industry-Leading Public Companies Investor Presentation October 6, 2014 Safe harbor This presentation contains forward-looking statements that involve risks,

More information

Staples, Inc. Announces First Quarter 2016 Performance

Staples, Inc. Announces First Quarter 2016 Performance Media Contact: Mark Cautela 508-253-3832 Investor Contact: Chris Powers/Scott Tilghman 508-253-4632/1487 Staples, Inc. Announces First Quarter 2016 Performance FRAMINGHAM, Mass., May 18, 2016 Staples,

More information

Fourth Quarter 2015 Earnings Release February 3, 2016

Fourth Quarter 2015 Earnings Release February 3, 2016 Fourth Quarter 2015 Earnings Release February 3, 2016 Alexander M. Cutler Forward-looking Statements and Non-GAAP Financial Information This presentation or the comments we make on our call today contain

More information

1Q12 2Q12* 3Q12* 4Q12 1Q13 2Q13** Sales growth 12.9% 13.6% 13.6% 14.1% 13.7% 12.5%

1Q12 2Q12* 3Q12* 4Q12 1Q13 2Q13** Sales growth 12.9% 13.6% 13.6% 14.1% 13.7% 12.5% For Immediate Release Contact: Cindy McCann VP of Investor Relations 512.542.0204 Whole Foods Market Reports First Quarter Results Comparable Store Sales Increase 7.2%; Company Produces 6.1% Operating

More information

Driving Shareholder Value

Driving Shareholder Value Driving Shareholder Value Business Model and Capital Allocation Strategy Wolfgang Nickl CFO, Western Digital September 13, 2012 SAFE HARBOR Forward-Looking Statements This presentation contains forward-looking

More information

FY15: A Very Good Year

FY15: A Very Good Year FY15: A Very Good Year Bullets Gifting Leader: Driving Growth 1 1 Multi-Brand, Omni-Channel, Customer Centric 2 FLWS: A Compelling Investment Opportunity Unique family of iconic gourmet and floral gift

More information

Office Depot Announces Third Quarter 2012 Results. November 6, :01 AM ET

Office Depot Announces Third Quarter 2012 Results. November 6, :01 AM ET Office Depot Announces Third Quarter 2012 Results November 6, 2012 7:01 AM ET BOCA RATON, Fla.--(BUSINESS WIRE)--Nov. 6, 2012-- Office Depot, Inc. (NYSE: ODP), a leading global provider of office supplies

More information

4 th Quarter 2011 Earnings Results

4 th Quarter 2011 Earnings Results 4 th Quarter 2011 Earnings Results Fran Shammo Chief Financial Officer January 24, 2012 Safe Harbor Statement NOTE: This presentation contains statements about expected future events and financial results

More information

First Quarter 2015 Financial Presentation Materials

First Quarter 2015 Financial Presentation Materials First Quarter 2015 Financial Presentation Materials Safe Harbor Certain statements in this document regarding anticipated financial, business, legal or other outcomes including business and market conditions,

More information

Ameriprise Financial, Inc.

Ameriprise Financial, Inc. Ameriprise Financial, Inc. Barclays Global Financial Services Conference Supplemental Handout September 8, 2014 Copyright 2014 Ameriprise Financial, Inc. All rights reserved. Forward-looking statements

More information

Bank of America Merrill Lynch

Bank of America Merrill Lynch Bank of America Merrill Lynch Media, Communications & Entertainment Conference Karen Puckett: EVP & Chief Operating Officer 09.15.2011 1 Forward-Looking Statements Certain non-historical statements made

More information

GAP INC. REPORTS FOURTH QUARTER EARNINGS PER SHARE INCREASE OF 66 PERCENT. Full Year Net Sales Grow by Over $1 Billion to $15.

GAP INC. REPORTS FOURTH QUARTER EARNINGS PER SHARE INCREASE OF 66 PERCENT. Full Year Net Sales Grow by Over $1 Billion to $15. GAP INC. REPORTS FOURTH QUARTER EARNINGS PER SHARE INCREASE OF 66 PERCENT Full Year Net Sales Grow by Over $1 Billion to $15.7 Billion SAN FRANCISCO February 28, 2013 Gap Inc. (NYSE:GPS) today reported

More information

GENESCO INC. CHIEF FINANCIAL OFFICER S COMMENTARY FISCAL YEAR 2013 FOURTH QUARTER ENDED FEBRUARY 2, 2013

GENESCO INC. CHIEF FINANCIAL OFFICER S COMMENTARY FISCAL YEAR 2013 FOURTH QUARTER ENDED FEBRUARY 2, 2013 GENESCO INC. CHIEF FINANCIAL OFFICER S COMMENTARY FISCAL YEAR 2013 FOURTH QUARTER ENDED FEBRUARY 2, 2013 Consolidated Results Fourth Quarter Sales Fiscal 2013 fourth quarter net sales increased 10% to

More information

Office Depot Announces First Quarter 2012 Results. May 1, :02 AM ET

Office Depot Announces First Quarter 2012 Results. May 1, :02 AM ET Office Depot Announces First Quarter 2012 Results May 1, 2012 7:02 AM ET BOCA RATON, Fla., May 01, 2012 (BUSINESS WIRE) --Office Depot, Inc. (NYSE: ODP), a leading global provider of office supplies and

More information

GAP INC. REPORTS THIRD QUARTER RESULTS

GAP INC. REPORTS THIRD QUARTER RESULTS GAP INC. REPORTS THIRD QUARTER RESULTS SAN FRANCISCO November 19, 2015 Gap Inc. (NYSE: GPS) today reported results for the third quarter of fiscal year 2015 and updated its full-year fiscal 2015 outlook.

More information

2015 Analyst and Investor STRATEGIC UPDATE. September 2, 2015

2015 Analyst and Investor STRATEGIC UPDATE. September 2, 2015 2015 Analyst and Investor STRATEGIC UPDATE September 2, 2015 Forward Looking Statement This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933,

More information

Fourth Quarter Earnings Conference Call

Fourth Quarter Earnings Conference Call Fourth Quarter Earnings Conference Call Larry Merlo President & Chief Executive Officer Dave Denton Executive Vice President & Chief Financial Officer February 10, 2015 Forward-looking Statements During

More information

Northrop Grumman Fourth Quarter 2014 Conference Call

Northrop Grumman Fourth Quarter 2014 Conference Call Northrop Grumman Fourth Quarter 2014 Conference Call January 29, 2015 Wes Bush Chairman, Chief Executive Officer and President Jim Palmer Corporate Vice President and Chief Financial Officer Forward-Looking

More information

Contacts: Investor Relations Evan Black & Kristina Carbonneau 800.493.8219 InvestorRelations@santanderconsumerusa.com

Contacts: Investor Relations Evan Black & Kristina Carbonneau 800.493.8219 InvestorRelations@santanderconsumerusa.com Contacts: Investor Relations Evan Black & Kristina Carbonneau 800.493.8219 InvestorRelations@santanderconsumerusa.com Media Relations Laurie Kight 214.801.6455 LKight@santanderconsumerusa.com Santander

More information

Ross Stores, Inc. Investor Overview May 2016

Ross Stores, Inc. Investor Overview May 2016 Ross Stores, Inc. Investor Overview Disclosure of Risk Factors Forward-Looking Statements: This presentation contains forward-looking statements regarding expected sales, earnings levels and other financial

More information

2015, PAYCHEX, Inc. All rights reserved. Third Quarter Highlights and Financial Results Fiscal 2016

2015, PAYCHEX, Inc. All rights reserved. Third Quarter Highlights and Financial Results Fiscal 2016 Third Quarter Highlights and Financial Results Fiscal 2016 Forward Looking Statements You should be aware that certain written and oral statements made by management may constitute forward-looking statements

More information

Performance Food Group Company Reports First-Quarter Fiscal 2016 Earnings

Performance Food Group Company Reports First-Quarter Fiscal 2016 Earnings NEWS RELEASE For Immediate Release November 4, 2015 Investors: Michael D. Neese VP, Investor Relations (804) 287-8126 michael.neese@pfgc.com Media: Joe Vagi Manager, Corporate Communications (804) 484-7737

More information

2015 20 th Anniversary of RCI s IPO Two decades of innovation in the adult club segment of the hospitality industry

2015 20 th Anniversary of RCI s IPO Two decades of innovation in the adult club segment of the hospitality industry 2015 20 th Anniversary of RCI s IPO Two decades of innovation in the adult club segment of the hospitality industry NASDAQ: RICK 4Q15 & FY15 Earnings Conference Call December 14, 2015 www.rcihospitality.com

More information

United Stationers Inc.

United Stationers Inc. United Stationers Inc. Earnings Presentation First Quarter 2014 April 23, 2014 1 Forward Looking Statements and Non-GAAP Measures This presentation contains forward-looking statements, including references

More information

Dollar Tree Acquisition of Family Dollar. July 28, 2014

Dollar Tree Acquisition of Family Dollar. July 28, 2014 Dollar Tree Acquisition of Family Dollar July 28, 2014 Safe Harbor We (Dollar Tree, Inc.) obtained or created the market and competitive position data used throughout this presentation from research, surveys

More information

OPPENHEIMER HOLDINGS INC. ANNUAL STOCKHOLDERS MEETING. New York, NY May 9, 2016

OPPENHEIMER HOLDINGS INC. ANNUAL STOCKHOLDERS MEETING. New York, NY May 9, 2016 OPPENHEIMER HOLDINGS INC. ANNUAL STOCKHOLDERS MEETING New York, NY May 9, 2016 WELCOME to Oppenheimer s 2016 Annual Stockholders Meeting May 9, 2016 2 SAFE HARBOR STATEMENT This presentation and other

More information

Creating a New Global Leader and Challenger in Beauty. Investor Presentation July 9, 2015

Creating a New Global Leader and Challenger in Beauty. Investor Presentation July 9, 2015 Creating a New Global Leader and Challenger in Beauty Investor Presentation July 9, 2015 DISCLAIMER Forward-Looking Statements Certain statements in this presentation are forward-looking statements. These

More information

Hart Stores Inc. Management s Discussion and Analysis

Hart Stores Inc. Management s Discussion and Analysis This ( MD&A ) update is current as of September 7, 2010. This report should be read in conjunction with Hart Stores Inc. ( the Company ) unaudited interim consolidated financial statements for the six

More information

HORIZON GLOBAL DELIVERS PROFIT IMPROVEMENT FOR THIRD CONSECUTIVE QUARTER

HORIZON GLOBAL DELIVERS PROFIT IMPROVEMENT FOR THIRD CONSECUTIVE QUARTER FOR IMMEDIATE RELEASE CONTACT: Maria C. Duey Vice President, Corporate Development & Investor Relations (248) 593-8810 mduey@horizonglobal.com HORIZON GLOBAL DELIVERS PROFIT IMPROVEMENT FOR THIRD CONSECUTIVE

More information

Discover Financial Services. Discover Overview. December 2006

Discover Financial Services. Discover Overview. December 2006 Discover Overview December 2006 Legal Notice The information herein contains forward-looking statements, including without limitation statements about the expected effects, timing and completion of the

More information

Management Presentation. First Quarter 2015 Results. April 27, 2015

Management Presentation. First Quarter 2015 Results. April 27, 2015 Management Presentation First Quarter 2015 Results April 27, 2015 FORWARD LOOKING STATEMENTS & OTHER INFORMATION This presentation, including our 2015 Financial Outlook, contains forward-looking statements.

More information

Lexmark / Bernstein Research Investor Video Conference

Lexmark / Bernstein Research Investor Video Conference Lexmark / Bernstein Research Investor Video Conference February 27, 2014 Transforming to a Higher Value Portfolio Safe Harbor Statement The contents of this presentation that are not statements of historical

More information

3rd Quarter Fiscal 2016 Results Conference Call May 25, 2016

3rd Quarter Fiscal 2016 Results Conference Call May 25, 2016 3rd Quarter Fiscal 2016 Results Conference Call May 25, 2016 Looking Statements and Non-GAAP Information This presentation contains forward-looking statements. Other than statements of historical facts,

More information

Office Depot Announces Second Quarter 2010 Results. July 27, :02 AM ET. BOCA RATON, Fla., Jul 27, 2010 (BUSINESS WIRE) --

Office Depot Announces Second Quarter 2010 Results. July 27, :02 AM ET. BOCA RATON, Fla., Jul 27, 2010 (BUSINESS WIRE) -- Office Depot Announces Second Quarter 2010 Results July 27, 2010 7:02 AM ET BOCA RATON, Fla., Jul 27, 2010 (BUSINESS WIRE) -- Office Depot, Inc. (NYSE: ODP), a leading global provider of office products

More information

Management Commentary. Second Quarter 2015 Results

Management Commentary. Second Quarter 2015 Results Management Commentary Second Quarter 2015 Results The RetailMeNot, Inc. ( RetailMeNot ) earnings call will begin on August 5, 2015 at 7:00am central time (8:00am eastern time) and will include prepared

More information

Earnings Conference Call

Earnings Conference Call Third dquate Quarter 2015 Earnings Conference Call Larry Merlo President & Chief Executive Officer Dave Denton Executive Vice President & Chief Financial Officer October 30, 2015 Forward-looking Statements

More information

OFFICE DEPOT ANNOUNCES SECOND QUARTER 2011 RESULTS

OFFICE DEPOT ANNOUNCES SECOND QUARTER 2011 RESULTS CONTACTS: Brian Turcotte Investor Relations 561-438-3657 brian.turcotte@officedepot.com Brian Levine Public Relations 561-438-2895 brian.levine@officedepot.com OFFICE DEPOT ANNOUNCES SECOND QUARTER 2011

More information

4 th Quarter 2010 Earnings Supplemental Information. March 31, 2010

4 th Quarter 2010 Earnings Supplemental Information. March 31, 2010 4 th Quarter 2010 Earnings Supplemental Information March 31, 2010 Safe Harbor Statement Investors are urged to review Rite Aid s SEC filings. Statements, estimates, targets, projections and other information

More information

DARDEN RESTAURANTS REPORTS FISCAL 2017 SECOND QUARTER RESULTS AND REAFFIRMS EARNINGS OUTLOOK FOR THE FULL FISCAL YEAR

DARDEN RESTAURANTS REPORTS FISCAL 2017 SECOND QUARTER RESULTS AND REAFFIRMS EARNINGS OUTLOOK FOR THE FULL FISCAL YEAR Contact: (Analysts) Kevin Kalicak (407) 245-5870 (Media) Rich Jeffers (407) 245-4189 DARDEN RESTAURANTS REPORTS FISCAL 2017 SECOND QUARTER RESULTS AND REAFFIRMS EARNINGS OUTLOOK FOR THE FULL FISCAL YEAR

More information

WCI Communities First Quarter Earnings Conference Call May 6, 2014

WCI Communities First Quarter Earnings Conference Call May 6, 2014 WCI Communities First Quarter 2014 - Earnings Conference Call May 6, 2014 Disclosure Statement This presentation contains forward-looking statements. All statements that are not statements of historical

More information

2014 Second Quarter Conference Call

2014 Second Quarter Conference Call 2014 Second Quarter Conference Call Speakers Scott Bonikowsky Senior Vice-President, Corporate Affairs & Investor Relations Marc Caira President & Chief Executive Officer Cynthia Devine Chief Financial

More information

J.P. MORGAN HIGH YIELD & LEVERAGED FINANCE CONFERENCE FEBRUARY 24, 2015

J.P. MORGAN HIGH YIELD & LEVERAGED FINANCE CONFERENCE FEBRUARY 24, 2015 J.P. MORGAN HIGH YIELD & LEVERAGED FINANCE CONFERENCE FEBRUARY 24, 2015 DISCLAIMER This presentation contains, in addition to historical information, certain forward-looking statements within the meaning

More information

ICR Investors Conference January 13, 2016

ICR Investors Conference January 13, 2016 ICR Investors Conference January 13, 2016 Forward Looking Statements Certain statements made in this presentation will be forwardlooking statements made pursuant to the safe-harbor provisions of the Private

More information

Broadridge Financial Solutions, Inc. Acquisition of DST s North American Customer Communications Business

Broadridge Financial Solutions, Inc. Acquisition of DST s North American Customer Communications Business June 14, 2016 Broadridge Financial Solutions, Inc. Acquisition of DST s North American Customer Communications Business Forward-Looking Statements This presentation and other written or oral statements

More information

Analyst Conference Call

Analyst Conference Call Acquisition iti of fastral Analyst Conference Call March 16, 2012 Safe harbour notice Certain statements made in this presentation including, but not limited to, statements relating to the proposed acquisition

More information

DOLLARAMA REPORTS STRONG SALES AND NET EARNINGS INCREASES TO CLOSE FISCAL YEAR 2011

DOLLARAMA REPORTS STRONG SALES AND NET EARNINGS INCREASES TO CLOSE FISCAL YEAR 2011 For immediate distribution DOLLARAMA REPORTS STRONG SALES AND NET EARNINGS INCREASES TO CLOSE FISCAL YEAR 2011 MONTREAL, Quebec, April 7, 2011 Dollarama Inc. (TSX: DOL) ( Dollarama or the Corporation )

More information

2012 Letter from Our Chief Executive Officer

2012 Letter from Our Chief Executive Officer 2012 Letter from Our Chief Executive Officer Our strong performance in fiscal 2012 demonstrates that our growth strategy enabled us to further differentiate Accenture in the marketplace and deliver significant

More information

Fiscal Q Supplemental Financial Information

Fiscal Q Supplemental Financial Information Supplemental Financial Information Fiscal Q4 2015 (quarter ended July 3, 2015) July 31, 2015 Fiscal Q1 2016 Supplemental Financial Information October 30, 2015 1 Safe Harbor Statement This document contains

More information

FORWARD-LOOKING STATEMENT

FORWARD-LOOKING STATEMENT 1 FORWARD-LOOKING STATEMENT This presentation contains forward-looking statements, which are subject to risks and uncertainties. Additional discussion of factors that could cause actual results to differ

More information

Year Ended December 31, 2011

Year Ended December 31, 2011 Cigna Reports Full Results Projects Strong Business Growth for 2012 BLOOMFIELD, Conn., February 02, 2012 - Cigna Corporation (NYSE: CI) today reported fourth quarter and full year results that included

More information

Financial Translation. Pierre Courduroux Senior Vice President and Chief Financial Officer

Financial Translation. Pierre Courduroux Senior Vice President and Chief Financial Officer Financial Translation Pierre Courduroux Senior Vice President and Chief Financial Officer Forward-Looking Statements Certain statements contained in this presentation are forward-looking statements, such

More information

THE WALT DISNEY COMPANY REPORTS RECORD QUARTERLY EARNINGS FOR THE FIRST QUARTER OF FISCAL 2016

THE WALT DISNEY COMPANY REPORTS RECORD QUARTERLY EARNINGS FOR THE FIRST QUARTER OF FISCAL 2016 FOR IMMEDIATE RELEASE February 9, THE WALT DISNEY COMPANY REPORTS RECORD QUARTERLY EARNINGS FOR THE FIRST QUARTER OF FISCAL Global success of Star Wars: The Force Awakens drove record quarterly operating

More information

Annual Meeting of Shareholders

Annual Meeting of Shareholders Annual Meeting of Shareholders William M. Brown Chairman, President & Chief Executive Officer 10/24/2014 1 Forward-looking statements Statements in this presentation that are not historical facts are forward-looking

More information

Office Depot Announces Fourth Quarter and Full Year 2009 Results. February 23, :07 AM ET

Office Depot Announces Fourth Quarter and Full Year 2009 Results. February 23, :07 AM ET Office Depot Announces Fourth Quarter and Full Year 2009 Results February 23, 2010 7:07 AM ET BOCA RATON, Fla., Feb 23, 2010 (BUSINESS WIRE) -- Office Depot, Inc. (NYSE:ODP), a leading global provider

More information

August 11, 2015. Q2 2015 Earnings Presentation

August 11, 2015. Q2 2015 Earnings Presentation August 11, 2015 fa Q2 2015 Earnings Presentation Disclaimer These slides contain (and the accompanying oral discussion will contain) forward looking statements. All statements other than statements of

More information

BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability

BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability NEWS RELEASE FOR IMMEDIATE RELEASE June 19, BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability Waterloo, ON BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global leader in mobile communications,

More information

Zynga Q1 14 Financial Results April 23, 2014

Zynga Q1 14 Financial Results April 23, 2014 Zynga Q1 14 Financial Results April 23, 2014 1 Table of Contents Discussion of Q1 14 Performance Q2 14 and FY2014 Financial Outlook GAAP to Non-GAAP Reconciliation 2 Management Team Don Mattrick Chief

More information

Third Quarter 2015 Financial Highlights:

Third Quarter 2015 Financial Highlights: DISCOVERY COMMUNICATIONS REPORTS THIRD QUARTER 2015 RESULTS, INCREASES BUYBACK AUTHORIZATION BY $2 BILLION AND ANNOUNCES RESUMPTION OF SHARE REPURCHASES BEGINNING IN FOURTH QUARTER 2015 Third Quarter 2015

More information

Veritiv Corporation 2Q14 Financial Results. August 13, 2014

Veritiv Corporation 2Q14 Financial Results. August 13, 2014 Veritiv Corporation 2Q14 Financial Results August 13, 2014 Safe Harbor Provision Certain statements contained in this presentation regarding Veritiv Corporation s (the Company ) future operating results,

More information

Deutsche Bank Global Consumer Conference. June 16, 2016

Deutsche Bank Global Consumer Conference. June 16, 2016 Deutsche Bank Global Consumer Conference June 16, 2016 Agenda Recent Results and Outlook P&G Transformation Productivity Portfolio Reaccelerating Top-line Growth Organization & Culture Q&A 2 Organic Sales

More information

AGILYSYS FISCAL 2016 SECOND QUARTER REVENUE INCREASES 13% TO $29.6 MILLION INCLUSIVE OF 35% YEAR OVER YEAR INCREASE IN SUBSCRIPTION REVENUE

AGILYSYS FISCAL 2016 SECOND QUARTER REVENUE INCREASES 13% TO $29.6 MILLION INCLUSIVE OF 35% YEAR OVER YEAR INCREASE IN SUBSCRIPTION REVENUE AGILYSYS FISCAL 2016 SECOND QUARTER REVENUE INCREASES 13% TO $29.6 MILLION INCLUSIVE OF 35% YEAR OVER YEAR INCREASE IN SUBSCRIPTION REVENUE Revenue in First Half of Fiscal 2016 Improves 14% to $57.1 Million,

More information

ULTA SALON, COSMETICS & FRAGRANCE, INC. (Exact name of Registrant as specified in its charter)

ULTA SALON, COSMETICS & FRAGRANCE, INC. (Exact name of Registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended

More information

Q1 Fiscal Year 2016 Earnings Conference Call

Q1 Fiscal Year 2016 Earnings Conference Call NASDAQ: CMCO Q1 Fiscal Year 2016 Earnings Conference Call July 31, 2015 Timothy T. Tevens President & Chief Executive Officer Gregory P. Rustowicz Vice President - Finance & Chief Financial Officer 2015

More information

IBM REPORTS 2016 FIRST-QUARTER EARNINGS Transformation Progress Continues with Strong Growth in Strategic Imperatives

IBM REPORTS 2016 FIRST-QUARTER EARNINGS Transformation Progress Continues with Strong Growth in Strategic Imperatives Highlights IBM REPORTS 2016 FIRST-QUARTER EARNINGS Transformation Progress Continues with Strong Growth in Strategic Imperatives Diluted EPS: Operating (non-gaap) of $2.35; GAAP of $2.09 Revenue from continuing

More information

Safe Harbor Provision

Safe Harbor Provision Q2 2015 Safe Harbor Provision In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, we provide the following cautionary remarks regarding important factors

More information

Scott Stephenson President and CEO Verisk Analytics

Scott Stephenson President and CEO Verisk Analytics Scott Stephenson President and CEO Verisk Analytics William Blair 34th Annual Growth Stock Conference June 12, 2014 Forward Looking Statements, Safe Harbor & Non-GAAP Financial Measures Forward-Looking

More information