ULTA - Ulta Beauty Inc. (ULTA) The 44th Annual William Blair Growth Stock Conference (Transcript)
2024-06-04 14:15:27 ET
Ulta Beauty, Inc. (ULTA)
The 44th Annual William Blair Growth Stock Conference Call
June 04, 2024, 09:40 AM ET
Company Participants
David Kimbell - Chief Executive Officer
Paula Oyibo - Chief Financial Officer
Conference Call Participants
Dylan Carden - William Blair
Presentation
Dylan Carden
Thank you, everyone, for being here. My name is Dylan Carden. I'm the specialty retail analyst here at William Blair. We're pleased today to have David Kimbell, CEO; and Paula Oyibo, CFO of Ulta Beauty. So, thank you.
Question-and-Answer Session
Q - Dylan Carden
And we're just going to kind of kick it off here and we spoke to this. But I guess there's -- there are a lot of headwinds in your business that you've called out. You've got the sort of just the general beauty cyclicality, you've got a fuzzy macro outlook, you've got competition, and you've got your own success over the last two years, right? You kind of had outsized growth relative to your model. So, a lot of people are focused on the competitive aspect of it, but can you kind of bucket and even just sort of rank kind of those pressures on your business as you see them today?
David Kimbell
Yeah. Well, first of all, thanks for having us. Thanks for your interest in Ulta Beauty, and thanks for holding this in our hometown of Chicago. We were started here 34 years ago. So, it's nice to be here in our home city....
Ulta Beauty, Inc. (ULTA) The 44th Annual William Blair Growth Stock Conference (Transcript)