5 unchanged sentences
As of March 21, 2022, we had 31 holders of record of our common stock.
−Removed: Because many shares of common stock are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by these record holders.
+Added: Because many shares of
+Added: common stock are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by these record holders.
Purchases of equity securities by the issuer and affiliated purchasers
−Removed: The following table sets forth repurchases of our common stock during the fourth quarter of fiscal 2020:
+Added: The following table sets forth repurchases of our common stock during the fourth quarter of 2021:
purchased (1)
4 unchanged sentences
(in thousands) (2)
−Removed: November 1, 2020 to November 28, 2020
+Added: October 31, 2021 to November 27, 2021
November 28, 2021 to December 25, 2021
3 unchanged sentences
(2) On March 12, 2020, we announced our 2020 share repurchase program pursuant to which the Company may repurchase up to $1.6 billion of the Company’s common stock.
−Removed: As of January 30, 2021 , $1.5 billion remained available under the $1.6 billion 2020 share repurchase program, which does not have an expiration date but which may be suspended or discontinued at any time.
+Added: As of January 29, 2022, the amount remaining available under the $1.6 billion 2020 share repurchase program was nominal.
+Added: On March 7, 2022, the Board of Directors authorized the 2022 share repurchase program.
+Added: For additional information on the 2022 share repurchase program see Note 19 to our consolidated financial statements, “Subsequent event.”
Recent sales of unregistered securities
23 unchanged sentences
The following performance graph and related information shall not be deemed “soliciting material” or to be “filed” with the SEC, nor shall such information be incorporated by reference into any future filing under the Securities Act of 1933 or Securities Exchange Act of 1934, each as amended, except to the extent that we specifically incorporate it by reference into such filing.
−Removed: Set forth below is a graph comparing the cumulative total stockholder return on Ulta Beauty’s common stock with the NASDAQ Global Select Market Composite Index (NQGS), the S&P 500, and the S&P 500 Retailing/RLX (Industry Group, SP500-2550) for the period covering January 30, 2016 through the end of Ulta Beauty’s fiscal year ended January 30, 2021.
−Removed: The graph assumes an investment of $100 made at the closing of trading on January 30, 2016 in (i) Ulta Beauty’s common stock, (ii) the stocks comprising the NQGS, (iii) the stocks comprising the S&P 500 and (iv) the stocks comprising the S&P 500 Retailing/RLX (Industry Group, SP500-2550).
−Removed: As Ulta Beauty is a part of the S&P 500, pursuant to the rules of the SEC, the S&P 500 is included in the graph below.
+Added: Set forth below is a graph comparing the cumulative total stockholder return on Ulta Beauty’s common stock with the S&P 500 and the S&P 500 Retailing (Industry Group, SP500-2550) for the period covering January 28, 2017 through the end of Ulta Beauty’s fiscal year ended January 29, 2022.
+Added: The graph assumes an investment of $100 made at the closing of trading on January 28, 2017 in (i) Ulta Beauty’s common stock, (ii) the stocks comprising the S&P 500 and (iii) the stocks comprising the S&P 500 Retailing (Industry Group, SP500-2550).
All values assume reinvestment of the full amount of all dividends, if any, into additional shares of the same class of equity securities at the frequency with which dividends are paid on such securities during the applicable time period.
1 unchanged sentence
Company / Index
−Removed: S&P 500 Retailing (RLX)
−Removed: Selected Financial Data
−Removed: The following table presents our selected consolidated financial data.
−Removed: The table should be read in conjunction with Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and Item 8, “Financial Statements and Supplementary Data,” of this Annual Report on Form 10-K.
−Removed: Fiscal year ended (1)
−Removed: (In thousands, except per share and per square foot data and number of stores)
−Removed: Statement of operations:
−Removed: Cost of sales
−Removed: Selling, general and administrative expenses
−Removed: Impairment, restructuring and other costs
−Removed: Pre-opening expenses
−Removed: Operating income
−Removed: Interest expense (income), net
−Removed: Income before income taxes
−Removed: Income tax expense (4)
−Removed: Net income per common share:
−Removed: Weighted average common shares outstanding:
−Removed: Other operating data:
−Removed: Comparable sales (5)
−Removed: Number of stores end of year
−Removed: Total square footage end of year
−Removed: Total square footage per store (6)
−Removed: Average total square footage (7)
−Removed: Capital expenditures
−Removed: Depreciation and amortization
−Removed: Repurchase of common shares
−Removed: Balance sheet data (at period end):
−Removed: Cash and cash equivalents
−Removed: Short-term investments
−Removed: Working capital
−Removed: Property and equipment, net
−Removed: Total assets (8)
−Removed: Operating lease liabilities (8)
−Removed: Total stockholders' equity
−Removed: (1) Our fiscal year-end is the Saturday closest to January 31 based on a 52/53-week year.
−Removed: Each fiscal year consists of four 13-week quarters, with an extra week added onto the fourth quarter every five or six years.
−Removed: (2) The Company adopted Accounting Standards Codification (ASC) Topic 606, Revenue from Contracts with Customers (ASC 606) using the modified retrospective transition method in fiscal 2018.
−Removed: Results from fiscal years prior to fiscal 2018 have not been recast for the adoption of ASC 606.
−Removed: (3) Fiscal 2017 includes 53 weeks;
−Removed: all other fiscal years reported include 52 weeks.
−Removed: Net sales for the 53 rd week of fiscal 2017 were approximately $108.8 million.
−Removed: (4) On December 22, 2017, the Tax Cuts and Jobs Act was enacted into law.
−Removed: This new legislation reduced the federal corporate tax rate to 21.0% effective January 1, 2018.
−Removed: In accordance with Section 15 of the Internal Revenue Code, the Company utilized a blended rate of 33.7% for the fiscal 2017 tax year, by applying a prorated percentage of the number of days prior to and subsequent to the January 1, 2018 effective date.
−Removed: Income tax expense in fiscal 2018 reflects the lower federal tax rate for the entire fiscal year.
−Removed: (5) Comparable sales reflects sales for stores beginning on the first day of the 14 th month of operation.
−Removed: Remodeled stores are included in comparable sales unless the store was closed for a portion of the current or comparable prior year.
−Removed: (6) Total square footage per store is calculated by dividing total square footage at end of year by number of stores at end of year.
−Removed: (7) Average total square footage represents a weighted average, which reflects the effect of opening stores in different months throughout the year.
−Removed: (8) The Company adopted Accounting Standards Update No.
−Removed: 2016-02, Leases (Topic 842), on February 3, 2019 using the modified retrospective approach by recognizing and measuring leases without revising comparative period information or disclosures.
+Added: S&P 500 Retailing
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.