Ulta 2007 Annual Report Download - page 7

FISCAL YEAR ENDED 1
( In thousands, except per share and
per square foot data)
January 31,
2004
January 29,
2005
January 28,
2006
February 3,
2007
February 2,
2008
Net sales $ 423,863 $ 491,152 $ 579,075 $ 755,113 $ 912,141
Operating income 10,896 18,496 29,424 40,088 46,721
Net income 5,084 9,460 15,969 22,543 25,335
Diluted income per comon share (2.36)(0.70)0.33 0.45 0.48
Comparable store sales increase 6.2%8.0%8.3%14.5%6.4%
Number of stores end of year 126 142 167 196 249
Total square footage end of year 1,285,857 1,464,330 1,726,563 2,023,305 2,589,244
Capital expenditures $ 30,354 $ 34,807 $ 41,607 $ 62,331 $ 101,866
Depreciation and amortization 15,411 18,304 22,285 29,736 39,503
Total debt242,906 47,008 50,173 55,529 74,770
Total stockholders' equity 92,778 105,308 123,015 148,760 211,503
Debt to equity ratio 46%45%41%37%35%
1
Fiscal 2006 was a 53-week operating year and the 53rd week represented approximately $16.4 million in net sales.
2
Total debt includes approximately $4.8 million related to the Series III preferred stock, which is presented
between the liabilities section and the equity section of our consolidated balance sheet for all years prior to
February 2, 2008.
this is a beautiful business
She gets up every morning, washes her hair, puts on
makeup and goes out to meet the day. She could be any-
where in age from late teens to early fifties, and she’s
busy – juggling family, maybe school or a career, and an
unforgiving schedule. If she could find one place to meet
all of her beauty needs, that was close to home, easy
and fun to shop, and a place she never felt pressured,
well, that would be her beauty destination from now on.