Ulta Beauty, Inc.

- No mention of plans for new fundraising through debt or equity in the provided transcript. - The company ended 2025 with $494 million in cash and short-term investments and $62 million in short-term debt related to Space NK. - Capital deployment focuses on reinvestment via operations and stock repurchases (approximately $1 billion planned). - Capital expenditures for 2026 are planned between $400 million and $450 million for store expansion, digital, IT, and supply chain investments. - No indications of issuing new debt or equity; emphasis on disciplined cost management and cash flow generation to fund growth.

- Capital expenditures for 2026 are planned between $400 million and $450 million. - Investments focus on expanding and refreshing the store portfolio. - Significant investments in digital and information technology capabilities. - Supply chain optimization to enhance guest experience and operational productivity. - New distribution center (DC) in the Northwest, with construction costs included in the 2026 CapEx plan; operational in 2027. - Continued investments in AI and automation, such as AI-powered order management and conversational AI for guest services. - Strategic marketing investments, including expanded personalization efforts and a new marketing brand equity campaign. - Ongoing funding for growth initiatives like the Marketplace, wellness categories, and international expansion via partnerships (Grupo Axo, Alshaya, Space NK).

- **Net Sales Growth:** Expected increase of 6% to 7% in fiscal 2026, driven by comp sales growth of 2.5% to 3.5% and 50 to 60 net new company-operated stores. - **Comparable Sales:** Guided growth between 2.5% and 3.5%, slightly below long-term framework but aiming to gain market share. - **Operating Profit:** Anticipated growth between 6% and 9%, with operating margin flat to up 20 basis points. - **Earnings Per Share:** Projected diluted EPS growth between 9.4% and 11.4% for 2026. - **International Expansion:** Plans to continue opening stores through partnerships (Grupo Axo, Alshaya) using an asset-light approach. - **New Categories:** Investments in health & wellness, marketplace, and leveraging SKU rationalization for productivity. - **Digital Growth:** Enhanced personalization, AI integration, and expanded presence on platforms like TikTok Shop to drive sales. - **Market Conditions:** Assumes beauty category growth of 2% to 4%, with cautious approach due to evolving consumer environment.

- Ulta Beauty expects operating profit to increase between 6% and 9% in 2026, with operating margin flat to up 20 basis points. - Diluted EPS is projected to grow between 9.4% and 11.4%, reaching $28.05 to $28.55 per share, including share repurchases. - The plan aligns with long-term targets focusing on market share expansion, profitable growth, and strong cash generation. - Investments will be disciplined and prioritized to support sustainable growth while maintaining margin discipline. - SG&A growth is anticipated to be in line with or slightly below net sales growth, significantly lower than in 2025, enabled by productivity initiatives. - The business aims to be a compounder of double-digit earnings growth over the long term. - Earnings growth driven by sales growth, productivity initiatives, technological investments, and margin leverage.

The provided document does not contain specific information about the current or expected order book or pending orders for Ulta Beauty. The transcript focuses on financial performance, strategic initiatives, investments, marketing, expansion plans, and outlook for fiscal 2026, but it does not detail order backlog or pending order volumes.