HarperCollins Publishers announced a global commitment to becoming carbon neutral for its direct operational emissions in 2022. In order to meet this goal, HarperCollins has appointed award-winning sustainability strategy consultancy Brite Green to develop and implement effective sustainability strategies and targets. HarperCollins will initially focus on Scope 1 and 2 emissions, targeting on-site electricity and fuel energy usage. As part of the News Corp Global Environmental Initiative, HarperCollins is also working toward a goal of achieving net zero carbon emissions across its operational and supply chain by 2050 or earlier, in line with the Paris Agreement. “As a leading global publishing company, we have a responsibility to mitigate the impact of our business on the environment and to identify ways to improve the sustainability of our industry,” said Brian Murray, President and CEO, HarperCollins Publishers. “We have been successfully reducing our emissions and becoming carbon neutral in Scopes 1 and 2 is the next step in the process. We will continue to work toward our long-term targets and seek to reduce carbon emissions and their associated costs from our business overall.”
“The year is off to a positive start as the Ulta Beauty team delivered revenue, operating margin, and diluted EPS consistent with our internal expectations. Store traffic remained healthy, member growth showed continued strength, we delivered growth across key categories, and we strengthened engagement with the Ulta Beauty brand,” said Dave Kimbell, chief executive officer. “While we expect the operating environment to continue evolving, we remain confident in the resilience of the beauty category and in our ability to drive share and profitable growth with our proven business model, a diverse, best-in-class assortment, an industry-leading loyalty program, and our world-class team.”
For the First Quarter of Fiscal 2023
*Net sales increased 12.3% to $2.6 billion compared to $2.3 billion in the first quarter of fiscal 2022 due to increased comparable sales, strong new store performance, and growth in other revenue compared to the first quarter of fiscal 2022.
*Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 9.3% compared to an increase of 18.0% in the first quarter of fiscal 2022, driven by an 11.0% increase in transactions and a 1.5% decrease in average ticket.
*Gross profit increased 12.1% to $1.1 billion compared to $941.0 million in the first quarter of fiscal 2022. As a percentage of net sales, gross profit decreased to 40.0% compared to 40.1% in the first quarter of fiscal 2022, primarily due to higher inventory shrink, lower merchandise margins, higher supply chain costs, and deleverage of salon expenses, partially offset by strong growth in other revenue and leverage of store fixed costs.
*Operating income increased 1.0% to $442.1 million, or 16.8% of net sales, compared to $437.7 million, or 18.7% of net sales, in the first quarter of fiscal 2022.
*Net income increased 4.7% to $347.1 million compared to $331.4 million in the first quarter of fiscal 2022.
details at: https://www.ulta.com/investor/news-events/press-releases/detail/168/ulta-beauty-announces-first-quarter-fiscal-2023-results