Ulta Beauty Inc at Oppenheimer Consumer Growth and E-Commerce Conference (Virtual) Transcript

Jun 13, 2023 / 03:15PM GMT
Rupesh Dhinoj Parikh - Oppenheimer & Co. Inc., Research Division - MD & Senior Analyst

Good morning, everyone. Thank you for attending Oppenheimer's 23rd Annual Consumer Conference. My name is Rupesh Parikh. I'm the Senior Food, Grocery and Consumer Products Analyst here at Oppenheimer.

I'm very excited to introduce our next presenting company, Ulta Beauty. We're excited to have joining us today Kecia Steelman COO; and Scott Settersten, CFO.

Even with the recent pullback in Ulta shares, the management team has delivered significant shareholder value over the years. This is in large part due to the company's efforts in developing a powerful omnichannel model and continue to step up brand assortments and the in-store experience.

Since our fireside chat with Scott in the middle of 2015 for the first time, Ulta share is up more than 170%, meaningfully outpacing gains of around 100% in S&P 500 and just 20% in the XRT ETF.

So the format of the session will be a fireside chat going through a number of questions I prepared. And if time allows, we will take

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