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Check out same-game parlay recommendations as the Jacksonville Jaguars (2-10) will attempt to break a five-game losing streak when they visit the Tennessee Titans (3-9) on Sunday, December 8, 2024 at Nissan Stadium. BetMGM is one of the most trusted Sportsbooks in the nation. Start with as little as $1 and place your bets today . Parlay payout based on standard calculation and is not associated with any sportsbook offers. Visit BetMGM for odds and payout information. Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER .Chad Chronister, Donald Trump’s pick to run the DEA, withdraws name from considerationDocusign Announces Third Quarter Fiscal 2025 Financial Results
Travis Hunter and Ashton Jeanty give this year’s Heisman Trophy ceremony a different vibe
TRAVEL New York can be a magical place for museumgoers. It also can be overwhelming and overcrowded at times, especially at the biggest, most famous museums. Luckily, the city has scores of great museums to choose from: Everything from small and quirky, to elegant gems housed in historic mansions, to preserved Lower East Side tenement apartments and hands-on experiences that might surprise even longtime New Yorkers. "Going to the Museum of Modern Art or the Metropolitan Museum of Art or the American Museum of Natural History is fantastic. But they can be like a big super-sized coff ee drink, while we're more like a cup of espresso," says Alex Kalman, director of two of the city's tiniest museums, Mmuseumm1 and Mmuseumm2. One is built into an old elevator shaft in a downtown alleyway. At other small museums you'll find a cozy, Viennese-style coffee shop; kosher Jewish comfort food; and edgy gift shops. You could view the chair that George Washington sat in before giving his inaugural address to Congress. Or you might make seltzer or solve math puzzles. Here's some of what's happening at NYC's "other" museums: Neue Galerie 1048 5th Ave. This museum, housed in a 1914 Gilded Age mansion that was once home to society doyenne Mrs. Cornelius Vanderbilt III, focuses on art and design from Austria and Germany. Its Cafe Sabarsky is a destination of its own, with 1912 upholstery, period decor, and a grand piano in the corner used for cabaret, chamber and classical music performances. On view now is "Egon Schiele: Living Landscapes" and "Austrian Masterworks from the Neue Galerie." The Museum at FIT 227 W 27th St. Tucked inside the Fashion Institute of Technology, behind the big sculpture in front, is the city's only museum solely devoted to fashion. And it's free. Opening in February is "Fashioning Wonder: A Cabinet of Curiosities," exploring connections between cabinets of curiosities and fashion. The Jewish Museum 1109 5th Ave. at 92nd St. On view now are "Illit Azouley: Mere Things," the first solo exhibit in a U.S. museum dedicated to the Berlin-based artist, and "Engaging with History: Works from the Collection." Other displays include the "Tel Dan Stele," a 9th century BCE stone monument fragment containing the earliest mention of the royal House of David outside of the Bible. The gift shop features an impressive array of specialty gifts, including works by artist Oded Halahmy. There's a cafe with updated takes on traditional bagels, blintzes, herring and house-cured salmon. Cooper Hewitt, Smithsonian Design Museum 2 East 91st St. One of the city's two Smithsonian museums, the Cooper Hewitt focuses on innovative design. Its gift shop rivals MoMA's, and there's a private garden and small restaurant. The museum is housed in the former home of industrial magnate Andrew Carnegie.Completed in 1902, the mansion was the first in the U.S. to have a structural steel frame, and one of the first in the city to have a passenger elevator and central heating. It is now LEED-certified and features other cutting-edge technologies. A major exhibit on now, "Making Home: Smithsonian Design Triennial," explores design's role in shaping concepts of home, physically and emotionally. It sprawls over the entire mansion and will be on view through Aug. 10. National Museum of the American Indian 1 Bowling Green The other Smithsonian in town, it's at the lower end of Manhattan inside the Alexander Hamilton U.S. Customs House, now a city landmark. Admission is free, and current exhibitions include "Jeffrey Veregge: Of Gods and Heroes," "Native New York" and "Infinity of Nations." The gift shop features authentic Native American art, crafts, apparel and jewelry from a wide representation of groups, in addition to books by and about Native Americans. Tenement Museum 103 Orchard St. With something for all ages, the Tenement Museum is housed in two preserved tenement buildings, one from 1863 and the other from 1888. Each apartment is a kind of time capsule, telling the story of a different immigrant or migrant family who lived there. The museum also offers walking tours of the neighborhood. "What is most unique about the Tenement Museum is that it shines the spotlight on 'ordinary people' — working-class families who never imagined they'd one day be the subject of a museum," says Tenement Museum President Annie Polland. The New York Historical 170 Central Park West A great way to learn more about the city's history, including the fact that Washington was inaugurated here. A permanent gallery on the fourth floor features a detailed recreation of the White House Oval Office in Washington, D.C., where presidents have worked since 1909. The Meet the Presidents Gallery traces, through artwork and objects, the evolution of the presidency and executive branch. Also on view is the chair from Washington's inauguration at Federal Hall, on Wall Street, the only presidential inauguration held in New York City. Other current exhibits include "Pets and the City," "Fred W. McDarrah: Pride and Protest." There's a permanent "Gallery of Tiffany Lamps." MoMath (National Museum of Mathematics) 225 Fifth Ave. A hands-on museum with all kinds of math-oriented puzzles and thought-inspiring curiosities, like a tricycle with square wheels that rides smoothly on a zigzagged surface. In an exhibit called "Human Tree," visitors can make successively smaller images of themselves that combine to make a "fractal tree" that sways in response to their movements. Brooklyn Seltzer Museum 474 Hemlock St, Brooklyn An interactive museum and factory tour run in partnership with the city's oldest seltzer works, a family business now in its fourth generation. The museum, inside Brooklyn Seltzer Boys' active factory, is "dedicated to preserving and promoting the effervescent history of seltzer water," and celebrates "the manufacturing of seltzer, the science of seltzer, and seltzer as a cultural force in New York City and the world beyond." Not to mention, guests can spritz each other with seltzer. Get local news delivered to your inbox!( ) and ( ) are two hot watchlist stocks in a bull market that's shown flashes of similarities to the dot-com era run-up in the late 1990s. But Leos Mikulka, a trader whose portfolio surged more than 900% in the first 11 months of 2024, says not every stock will win all the time. Market rotation is showing a different picture week by week. Speculative growth stocks dominated in November, but so far in December the money is notably shifting toward megacap tech stocks. "My wish is that we get some new fancy abbreviation, like Mag7 or FANG," Mikulka, a leading participant in the 2024 U.S. Investing Championship, told Investor's Business Daily's "Investing with IBD" podcast. "Maybe we get some new leaders coming up, and next year we'll be talking about a new group that nobody's heard of." In his hunt for the next crop of leading stocks, Mikula is focusing on two technology themes: quantum computing and generative AI. Audio Version Of Podcast Quantum Computing's Future Promise Quantum computing could usher in a new group of top growth stocks, Mikulka says. He points to IonQ, a company focused on developing quantum computing. IonQ stock has been on a tear over the last few months, with a gain of more than 140% in November alone. While it sounds like easy money on the surface, Mikulka says it could be difficult for traders to stay onboard the highflying stock for its entire uptrend. He points to IonQ's volatility as it recently undercut its short-term moving averages in a three-day drop of 21% earlier this week. On Dec. 11, Google parent ( ) announced . "I'd be carefully watching, going through a new year," he said. "I don't think there will be any actionable pivot anytime soon, but fundamentally I'm a big believer in quantum computing." GE Vernova Stock Gets AI Boost The shift to artificial intelligence is leading to a rise in AI-adjacent plays, like companies that are seen as suppliers of power generation for AI data centers. Take GE Vernova. "Traditionally it's coming from wind turbines and all this wind energy, but part of the subsidiary is nuclear," said Mikulka. He says GE Vernova stock is recently attracting attention for its nuclear power units, as well as being a key player in energy as generative artificial intelligence grows. "You need to get the power from somewhere," he said. GE Vernova is one of three spinoffs from the former conglomerate General Electric. Since its market debut this spring, GE Vernova stock is up nearly 153% year to date. The stock is ranked No. 1 in the Energy-Alternative group of stocks, according to IBD Research. GE Vernova has an IBD Composite Rating of 87. Mikulka is looking for a potential new setup in GE Vernova stock, which is consolidating below recent highs around 357. "It still needs now some sideways action, but I think it has ... very good potential to continue."
BEIRUT (AP) — Syrian insurgents swept into the central city of Hama on Thursday and government forces withdrew, dealing another major blow to Syrian President Bashar Assad days after insurgents captured much of Aleppo, the country’s largest city. The stunning weeklong offensive appeared likely to continue, with insurgents setting their sights on Homs, the country’s third-largest city. Homs, which is about 25 miles south of Hama, is the gate to the capital, Damascus, Assad’s seat of power and the coastal region that is a base of support for him. The offensive is being led by the jihadi group HTS and an umbrella group of Turkish-backed Syrian militias called the Syrian National Army. Their sudden capture of Aleppo, an ancient business hub in the north, was a stunning prize for Assad’s opponents and reignited the Syrian civil war that had been largely a stalemate for the past few years. Hama is one of the few cities that has remained mostly under government control in the conflict, which broke out in March 2011 following a popular uprising. By sunset, dozens of jubilant fighters were seen shooting in the air in celebration in live footage from Hama’s Assi Square. The square was the scene of massive anti-government protests in the early days of the uprising in 2011, before security forces stormed it and got the city under control. The Syrian army on Thursday said it redeployed from Hama and took positions outside the city to protect civilians. Abu Mohammed al-Golani, the de facto leader of the Syrian insurgency, announced in a video message that fighters had reached Hama in a “conquering that is not vengeful, but one of mercy and compassion.” Al-Golani is the leader of the most powerful insurgent group in Syria, Hayat Tahrir al-Sham, which previously served as al-Qaida’s branch in Syria and is considered a terrorist group by the United Nations as well as countries including the U.S. The group that was known as the Nusra Front in the early years of Syria’s conflict changed its name and said in recent years that it cut ties with al-Qaida. Al-Golani publicly toured Aleppo on Wednesday and spoke about Hama on Thursday from an undisclosed location in what appeared to be a video filmed with a mobile phone. “This is a massive win for the rebels and a strategic blow for the (Syrian) regime,” Dareen Khalifa, a senior adviser with the International Crisis Group and an expert on Syrian groups. She said the question is whether the opposition will be able to reach Homs and take over the area, which she said would be a game-changer. “I think then we are going to have to pause and consider whether or not this regime can actually survive this war,” she added. Turkish President Recep Tayyip Erdogan, whose country supports the opposition fighters, reiterated during a telephone call with the U.N. Secretary General Antonio Guterres that the Syrian government should urgently engage with its people “for a comprehensive political solution.” Guterres said in a statement later that after 14 years of war in Syria, “it is high time” for all parties to engage seriously in talks to resolve the conflict in line with Security Council Resolution 2254.” That resolution, which was adopted unanimously in December 2015, endorsed a road map to peace in Syria. The measure called for a Syrian-led political process, starting with the establishment of a transitional governing body, followed by the drafting of a new constitution and ending with U.N.-supervised elections. The Britain-based Syrian Observatory for Human Rights — an opposition war monitor — said after fierce battles inside Hama, opposition gunmen now control the police headquarters in the city as well as the sprawling air base and the central prison from where hundreds of detainees were set free.
BOLINGBROOK, Ill.--(BUSINESS WIRE)--Dec 5, 2024-- Ulta Beauty, Inc. (NASDAQ: ULTA) today announced financial results for the thirteen-week period (“third quarter”) and thirty-nine-week period (“first nine months”) ended November 2, 2024 compared to the same periods ended October 28, 2023. 13 Weeks Ended 39 Weeks Ended November 2, October 28, November 2, October 28, (Dollars in millions, except per share data) 2024 2023 2024 2023 Net sales $ 2,530.1 $ 2,488.9 $ 7,808.0 $ 7,653.0 Comparable sales (1) 0.6% 4.5% 0.3% 7.3% Gross profit (as a percentage of net sales) 39.7% 39.9% 39.1% 39.7% Selling, general and administrative expenses $ 682.3 $ 661.4 $ 1,993.0 $ 1,874.2 Operating income (as a percentage of net sales) 12.6% 13.1% 13.4% 15.2% Diluted earnings per share $ 5.14 $ 5.07 $ 16.93 $ 17.99 New store openings, net 26 12 52 19 (1) Comparable sales are calculated based on the comparable 13 and 39 calendar weeks in the current and prior year. “The Ulta Beauty team delivered better-than-expected sales and profitability reflecting improved sales trends and strong financial discipline. I am proud of the progress we’ve made and encouraged by early signs that our efforts to reinforce our market position and drive improved performance are gaining traction. As we look to the remainder of fiscal 2024, we are focused on executing with excellence across our key initiatives to deliver in a dynamic environment,” said Dave Kimbell, chief executive officer. “We remain confident that our model and strategies will drive long-term profitable growth and share leadership by enhancing our position as the destination for beauty enthusiasts for a lifetime.” Third Quarter of Fiscal 2024 Compared to Third Quarter of Fiscal 2023 Net sales increased 1.7% to $2.53 billion compared to $2.49 billion, primarily due to new store contribution, partially offset by a decline in other revenue. Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 0.6% compared to an increase of 4.5%, driven by a 0.5% increase in transactions and a 0.1% increase in average ticket. Gross profit was $1.0 billion compared to $992.1 million. As a percentage of net sales, gross profit decreased to 39.7% compared to 39.9%, primarily due to deleverage of store and supply chain fixed costs and lower other revenue, partially offset by favorable channel mix and lower inventory shrink. Selling, general and administrative (SG&A) expenses were $682.3 million compared to $661.4 million. As a percentage of net sales, SG&A expenses increased to 27.0% compared to 26.6%, primarily due to deleverage of store payroll and benefits, and corporate overhead, primarily due to strategic investments, partially offset by lower incentive compensation. Operating income was $318.5 million, or 12.6% of net sales, compared to $327.2 million, or 13.1% of net sales. The tax rate was 24.4% compared to 24.3%. Net income was $242.2 million compared to $249.5 million. Diluted earnings per share was $5.14 compared to $5.07. First Nine Months of Fiscal 2024 Compared to First Nine Months of Fiscal 2023 Net sales increased 2.0% to $7.8 billion compared to $7.7 billion, primarily due to new store contribution and growth in other revenue. Comparable sales increased 0.3% compared to an increase of 7.3%, driven by a 0.3% increase in average ticket. Gross profit was $3.1 billion compared to $3.0 billion. As a percentage of net sales, gross profit decreased to 39.1% compared to 39.7%, primarily due to lower merchandise margin, partially offset by deleverage of store fixed costs. SG&A expenses were $2.0 billion compared to $1.9 billion. As a percentage of net sales, SG&A expenses increased to 25.5% compared to 24.5%, primarily due to deleverage of corporate overhead due to strategic investments and deleverage of store payroll and benefits and store expenses, partially offset by lower incentive compensation. Operating income was $1.0 billion, or 13.4% of net sales, compared to $1.2 billion, or 15.2% of net sales. The tax rate was 23.9% compared to 23.7%. Net income was $807.8 million compared to $896.6 million. Diluted earnings per share was $16.93, including a $0.10 benefit due to income tax accounting for stock-based compensation, compared to $17.99, including a $0.14 benefit due to income tax accounting for stock-based compensation. Balance Sheet Cash and cash equivalents at the end of the third quarter of fiscal 2024 totaled $177.8 million. Merchandise inventories, net at the end of the third quarter of fiscal 2024 increased 1.9% to $2.4 billion compared to $2.3 billion at the end of the third quarter of fiscal 2023. The increase was primarily due to the addition of 63 net new stores since October 28, 2023. Short-term debt at the end of the third quarter of fiscal 2024 was $199.7 million compared to $195.4 million at the end of the third quarter of fiscal 2023, as the Company drew on its revolving credit facility to support ongoing capital allocation priorities, including share repurchases and capital expenditures, and merchandise inventory growth. Share Repurchase Program During the third quarter of fiscal 2024, the Company repurchased 731,458 shares of its common stock at a cost of $267.0 million. During the first nine months of fiscal 2024, the Company repurchased 1.9 million shares of its common stock at a cost of $764.5 million. As of November 2, 2024, $2.9 billion remained available under the $3.0 billion share repurchase program announced in October 2024. Store Update During the third quarter of fiscal 2024, the Company opened 28 new stores, remodeled 27 stores, and closed two stores. During the first nine months of fiscal 2024, the Company opened 57 new stores, relocated two stores, remodeled 36 stores, and closed five stores. At the end of the third quarter of fiscal 2024, the Company operated 1,437 stores totaling 15.0 million square feet. Fiscal 2024 Outlook For fiscal 2024, the Company plans to: Prior FY24 Outlook Updated FY24 Outlook Net sales $11.0 billion to $11.2 billion $11.1 billion to $11.2 billion Comparable sales (2%) to 0% (1%) to 0% New stores, net 60-65 no change Remodel and relocation projects 40-45 no change Operating margin 12.7% to 13.0% 12.9% to 13.1% Diluted earnings per share $22.60 to $23.50 $23.20 to $23.75 Share repurchases approximately $1 billion no change Interest income approximately $13 million $13 million to $14 million Effective tax rate approximately 24% no change Capital expenditures $400 million to $450 million $400 million to $425 million Depreciation and amortization expense $265 million to $270 million no change Conference Call Information A conference call to discuss third quarter of fiscal 2024 results is scheduled for today, December 5, 2024 at 4:30 p.m. ET / 3:30 p.m. CT. Investors and analysts who are interested in participating in the call are invited to dial (877) 704-4453. Participants may also listen to a real-time audio webcast of the conference call by visiting the Investor Relations section of the Company’s website located at https://www.ulta.com/investor . A replay will be made available online approximately two hours following the live call for a period of 30 days. About Ulta Beauty At Ulta Beauty (NASDAQ: ULTA), the possibilities are beautiful. Ulta Beauty is the largest specialty U.S. beauty retailer and the premier beauty destination for cosmetics, fragrance, skin care products, hair care products and salon services. In 1990, the Company reinvented the beauty retail experience by offering a new way to shop for beauty – bringing together All Things Beauty. All in One Place ®. Today, Ulta Beauty operates 1,437 retail stores across 50 states and also distributes its products through its website, which includes a collection of tips, tutorials, and social content. For more information, visit www.ulta.com . Forward‐Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which reflect the Company’s current views with respect to, among other things, future events and financial performance. These statements can be identified by the use of forward-looking words such as “outlook,” “believes,” “expects,” “plans,” “estimates,” “targets,” “strategies” or other comparable words. Any forward-looking statements contained in this press release are based upon the Company’s historical performance and on current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by the Company or any other person that the future plans, estimates, targets, strategies or expectations contemplated by the Company will be achieved. Such forward-looking statements are subject to various risks and uncertainties, which include, without limitation: macroeconomic conditions, including inflation, elevated interest rates and recessionary concerns, as well as continuing labor cost pressures, and transportation and shipping cost pressures, have had, and may continue to have, a negative impact on our business, financial condition, profitability, and cash flows (including future uncertain impacts); changes in the overall level of consumer spending and volatility in the economy, including as a result of macroeconomic conditions and geopolitical events; our ability to sustain our growth plans and successfully implement our long-range strategic and financial plan; the ability to execute our operational excellence priorities, including continuous improvement, Project SOAR (the replacement of our enterprise resource planning platform), and supply chain optimization; our ability to gauge beauty trends and react to changing consumer preferences in a timely manner; the possibility that we may be unable to compete effectively in our highly competitive markets; the possibility of significant interruptions in the operations of our distribution centers, fast fulfillment centers, and market fulfillment centers; the possibility that cybersecurity or information security breaches and other disruptions could compromise our information or result in the unauthorized disclosure of confidential information; the possibility of material disruptions to our information systems, including our Ulta.com website and mobile applications; the failure to maintain satisfactory compliance with applicable privacy and data protection laws and regulations; changes in the good relationships we have with our brand partners, our ability to continue to obtain sufficient merchandise from our brand partners, and/or our ability to continue to offer permanent or temporary exclusive products of our brand partners; our ability to effectively manage our inventory and protect against inventory shrink; changes in the wholesale cost of our products and/or interruptions at our brand partners’ or third-party vendors’ operations; epidemics, pandemics or natural disasters, which could negatively impact sales; the possibility that new store openings and existing locations may be impacted by developer or co-tenant issues; our ability to attract and retain key executive personnel; the impact of climate change on our business operations and/or supply chain; our ability to successfully execute our common stock repurchase program or implement future common stock repurchase programs; a decline in operating results which could lead to asset impairment and store closure charges; and other risk factors detailed in the Company’s public filings with the Securities and Exchange Commission (the SEC), including risk factors contained in its Annual Report on Form 10‐K for the fiscal year ended February 3, 2024, as such may be amended or supplemented in its subsequently filed Quarterly Reports on Form 10-Q. The Company’s filings with the SEC are available at www.sec.gov . Except to the extent required by the federal securities laws, the Company does not undertake to publicly update or revise its forward-looking statements, whether as a result of new information, future events or otherwise. Exhibit 1 Ulta Beauty, Inc. Consolidated Statements of Income (In thousands, except per share data) 13 Weeks Ended November 2, October 28, 2024 2023 (Unaudited) (Unaudited) Net sales $ 2,530,100 100.0 % $ 2,488,933 100.0 % Cost of sales 1,524,456 60.3 % 1,496,866 60.1 % Gross profit 1,005,644 39.7 % 992,067 39.9 % Selling, general and administrative expenses 682,259 27.0 % 661,380 26.6 % Pre-opening expenses 4,883 0.2 % 3,460 0.1 % Operating income 318,502 12.6 % 327,227 13.1 % Interest income, net (1,674 ) (0.1 %) (2,497 ) (0.1 %) Income before income taxes 320,176 12.7 % 329,724 13.2 % Income tax expense 77,997 3.1 % 80,241 3.2 % Net income $ 242,179 9.6 % $ 249,483 10.0 % Net income per common share: Basic $ 5.16 $ 5.09 Diluted $ 5.14 $ 5.07 Weighted average common shares outstanding: Basic 46,928 49,007 Diluted 47,092 49,226 Exhibit 2 Ulta Beauty, Inc. Consolidated Statements of Income (In thousands, except per share data) 39 Weeks Ended November 2, October 28, 2024 2023 (Unaudited) (Unaudited) Net sales $ 7,808,035 100.0 % $ 7,653,005 100.0 % Cost of sales 4,754,434 60.9 % 4,612,469 60.3 % Gross profit 3,053,601 39.1 % 3,040,536 39.7 % Selling, general and administrative expenses 1,992,993 25.5 % 1,874,201 24.5 % Pre-opening expenses 11,957 0.2 % 5,396 0.1 % Operating income 1,048,651 13.4 % 1,160,939 15.2 % Interest income, net (13,100 ) (0.2 %) (14,294 ) (0.2 %) Income before income taxes 1,061,751 13.6 % 1,175,233 15.4 % Income tax expense 253,903 3.3 % 278,597 3.6 % Net income $ 807,848 10.3 % $ 896,636 11.7 % Net income per common share: Basic $ 17.00 $ 18.08 Diluted $ 16.93 $ 17.99 Weighted average common shares outstanding: Basic 47,519 49,592 Diluted 47,710 49,846 Exhibit 3 Ulta Beauty, Inc. Condensed Consolidated Balance Sheets (In thousands) November 2, February 3, October 28, 2024 2024 2023 (Unaudited) (Unaudited) Assets Current assets: Cash and cash equivalents $ 177,782 $ 766,594 $ 121,811 Receivables, net 213,621 207,939 202,868 Merchandise inventories, net 2,365,186 1,742,136 2,321,306 Prepaid expenses and other current assets 135,514 115,598 117,282 Prepaid income taxes 62,759 4,251 28,773 Total current assets 2,954,862 2,836,518 2,792,040 Property and equipment, net 1,264,419 1,182,335 1,117,874 Operating lease assets 1,619,055 1,574,530 1,578,316 Goodwill 10,870 10,870 10,870 Other intangible assets, net 281 510 591 Deferred compensation plan assets 48,872 43,516 38,371 Other long-term assets 60,127 58,732 56,946 Total assets $ 5,958,486 $ 5,707,011 $ 5,595,008 Liabilities and stockholders’ equity Current liabilities: Accounts payable $ 593,219 $ 544,001 $ 597,373 Accrued liabilities 333,463 382,468 405,443 Deferred revenue 405,040 436,591 350,937 Current operating lease liabilities 284,985 283,821 287,786 Accrued income taxes — 11,310 — Short-term debt 199,700 — 195,400 Total current liabilities 1,816,407 1,658,191 1,836,939 Non-current operating lease liabilities 1,656,317 1,627,271 1,616,747 Deferred income taxes 91,729 85,921 56,874 Other long-term liabilities 65,024 56,300 55,906 Total liabilities 3,629,477 3,427,683 3,566,466 Commitments and contingencies Total stockholders’ equity 2,329,009 2,279,328 2,028,542 Total liabilities and stockholders’ equity $ 5,958,486 $ 5,707,011 $ 5,595,008 Exhibit 4 Ulta Beauty, Inc. Condensed Consolidated Statements of Cash Flows (In thousands) 39 Weeks Ended November 2, October 28, 2024 2023 (Unaudited) (Unaudited) Operating activities Net income $ 807,848 $ 896,636 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 197,075 181,273 Non-cash lease expense 235,950 232,772 Deferred income taxes 5,808 1,528 Stock-based compensation expense 27,691 33,477 Loss on disposal of property and equipment 7,280 6,310 Change in operating assets and liabilities: Receivables (5,682 ) (3,446 ) Merchandise inventories (623,050 ) (717,855 ) Prepaid expenses and other current assets (19,916 ) 12,964 Income taxes (69,818 ) 9,535 Accounts payable 54,210 41,817 Accrued liabilities (45,777 ) (34,955 ) Deferred revenue (31,551 ) (43,740 ) Operating lease liabilities (250,267 ) (248,469 ) Other assets and liabilities 12,240 (9,836 ) Net cash provided by operating activities 302,041 358,011 Investing activities Capital expenditures (300,536 ) (311,030 ) Other investments (6,108 ) (4,870 ) Net cash used in investing activities (306,644 ) (315,900 ) Financing activities Borrowings from credit facility 199,700 195,400 Repurchase of common shares (765,384 ) (840,551 ) Stock options exercised 9,200 9,302 Purchase of treasury shares (23,566 ) (22,328 ) Debt issuance costs (4,159 ) — Net cash used in financing activities (584,209 ) (658,177 ) Net decrease in cash and cash equivalents (588,812 ) (616,066 ) Cash and cash equivalents at beginning of period 766,594 737,877 Cash and cash equivalents at end of period $ 177,782 $ 121,811 Exhibit 5 Ulta Beauty, Inc. Store Update Total stores open Number of stores Number of stores Total stores at beginning of the opened during the closed during the open at Fiscal 2024 quarter quarter quarter end of the quarter 1 st Quarter 1,385 12 2 1,395 2 nd Quarter 1,395 17 1 1,411 3 rd Quarter 1,411 28 2 1,437 Gross square feet for Total gross square stores opened or Gross square feet for Total gross square feet at beginning of expanded during the stores closed feet at end of the Fiscal 2024 the quarter quarter during the quarter quarter 1 st Quarter 14,515,593 114,786 15,615 14,614,764 2 nd Quarter 14,614,764 178,624 10,800 14,782,588 3 rd Quarter 14,782,588 258,320 20,083 15,020,825 Exhibit 6 Ulta Beauty, Inc. Sales by Category The following tables set forth the approximate percentage of net sales by primary category: 13 Weeks Ended November 2, October 28, 2024 2023 Cosmetics 41 % 42 % Skincare 23 % 22 % Haircare 20 % 21 % Fragrance 10 % 9 % Services 4 % 4 % Other 2 % 2 % 100 % 100 % 39 Weeks Ended November 2, October 28, 2024 2023 Cosmetics 41 % 42 % Skincare 24 % 22 % Haircare 19 % 21 % Fragrance 10 % 9 % Services 4 % 4 % Other 2 % 2 % 100 % 100 % Certain sales departments were reclassified between categories in the prior year to conform to current year presentation, including moving the bath category from Fragrance to Skincare. View source version on businesswire.com : https://www.businesswire.com/news/home/20241205470535/en/ CONTACT: Investor Contact: Kiley Rawlins, CFA Vice President, Investor Relations krawlins@ulta.comMedia Contact: Crystal Carroll Senior Director, Public Relations ccarroll@ulta.com KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS INDUSTRY KEYWORD: COSMETICS RETAIL SPECIALTY SOURCE: Ulta Beauty, Inc. Copyright Business Wire 2024. PUB: 12/05/2024 04:05 PM/DISC: 12/05/2024 04:06 PM http://www.businesswire.com/news/home/20241205470535/enCollege Football Fans Have Mixed Feelings Amid Lee Corso’s College GameDay FutureThe Miami Heat are moving on from a seasoned frontcourt pro — albeit one who has already fallen out of the team's rotation in the early part of the 2024-25 regular season. According to Shams Charania of ESPN, the Heat are shipping reserve center Thomas Bryant to the center-deprived Indiana Pacers. Indiana is swapping second-round picks with Miami for the privilege of adding the veteran floor spacer. The Pacers scoured the trade market for a backup center after losing big men Isaiah Jackson and James Wiseman to torn Achilles tendons. Bryant is in his eighth NBA season, averaging 4.1 points and 3.2 rebounds in 11 minutes a game this season. https://t.co/xxlWGC4QJx Bryant will help shore up a frontcourt that has already lost two veteran backup centers for the year behind 3-and-D starter Myles Turner. Promising young Pacers center Isaiah Jackson and former No. 2 overall lottery pick James Wiseman each separately tore their Achilles tendons early on this year. Wiseman appeared in just one game for the club, scoring six points on 50 percent shooting from the floor and grabbing one rebound. Wiseman is on a partially minimum guaranteed deal with Indiana and seems likely to not see the second portion of that agreement picked up to maximize the 10-15 Pacers' roster-building flexibility. Jackson, a 6-foot-10 big man out of Kentucky, made it through just five bouts for Indiana, averaging 7.0 points on 60.9 percent field goal shooting and 50.0 percent foul line shooting, 5.6 rebounds, and 1.0 assists. Because he was re-signed by the Heat as a free agent this offseason, the 6-foot-10 big man will become eligible for a trade on December 15, when most players inked to new deals over the summer can first be moved. The journeyman big was initially selected with the No. 42 overall pick in the second round of the 2017 NBA Draft. Prior to his Heat tenure (which began in 2023-24), he had suited up for the Los Angeles Lakers (in two separate stints), Washington Wizards, and Denver Nuggets. As a deep-bench backup behind three-time MVP Nuggets center Nikola Jokic, Bryant appeared sparingly with Denver en route to its first-ever championship, in 2023. The Nuggets beat Bryant's prior team in 2022-23, the Lakers, during the Western Conference Finals. And they defeated his next squad, the Heat, in a five-game Finals demolition. Bryant has played only sparing minutes for the Heat during his season-and-change with the squad. In 48 contests for the Heat (four starts) of a possible 105, Bryant has averaged 5.4 points on .554/.256/.897 shooting splits, 3.6 rebounds, 0.6 assists, and 0.5 blocks per 11.6 minutes a night. That 25.6 percent 3-point conversion rate is underwhelming, but for his career, he's actually a 35.5 percent sniper from beyond the arc, on 1.3 triple tries a night. This year, he's connecting on 35.3 percent of his 1.7 3-point heaves per game. For more on the Miami Heat, Indiana Pacers, and NBA , stay glued to Newsweek Sports .
Bad actors are seeking cryptocurrency in almost every scheme tracked by the FBI. From fraudulent investments to tech support and romance scams, and most recently, a surge in employment scams. And as Bitcoin reaches record highs, Special Agent David Paniwozik with FBI Baltimore sees more people wanting to capitalize on cryptocurrency. “The fear of missing out. So, they want to get involved, try to make money, and it seems like a quick, easy way to do it,” said SA Paniwozik. But a major problem is this technology is still unfamiliar to investors, making them more susceptible to scams. “There is no cap on whether you want to move $1 to hundreds of millions or billions of dollars. You can just seamlessly move that from a wallet controlled in the United States to a wallet controlled overseas, in, you know, a matter of seconds,” SA Paniwozik warned. Scammers set up their own cryptocurrency exchanges, making you believe your investment has grown exponentially, or they say you must make cryptocurrency payments to “unlock work” that offers high payouts. The FBI Internet Crime Complaint issued an alert in June about this work-from-home scam. “It's this confusing compensation structure that the scammers try to tell them, and it looks like, hey, if I pay $10 to rate this product, I'll get $15 in return, so then once they do that round, the scammer says, okay, well, you need to deposit more money to get to the next round of work,” said SA Paniwozik. And when victims go to cash out, they’re told they can’t. SA Paniwozik has seen a huge spike in reports of employment scams involving cryptocurrency. Reported losses in Maryland went from $32,033 in 2023 to $3.8 million between January and October of this year. “So you're looking at about $15,000 to $20,000 per person on average that has fallen victim in Maryland alone to these scams,” said SA Paniwozik. Cryptocurrency is desired by scammers because transactions are instant and irrevocable, but that doesn’t mean they’re untraceable. “On the blockchain, we can look up those addresses, and then if we wanted to reverse trace it, we could find, let's say it's a certain exchange that paid into this wallet, we can then serve legal processes to say, hey, can you give us a list of all user accounts that paid into this address and possibly contact those victims live and say, hey, you're currently being the victim of one of these scams,” SA Paniwozik detailed. It’s a new proactive approach by the FBI as these scams become more prevalent and costly. According to the FBI’s 2023 Cryptocurrency Fraud Report , cryptocurrency-related complaints only made up around 10 percent of total financial fraud complaints, however, the stolen value accounted for almost 50 percent of total losses. Click here to see the other 12 Scams of Christmas. This story was originally published by Mallory Sofastaii at Scripps News Baltimore .Gisèle Benoit still gets goosebumps when she remembers the first time she saw a family of eastern wolves emerge from the forests of the Mauricie National Park, under the backdrop of a rising moon. It was 1984 and Benoit, then in her early 20s, had been using a horn to try to call a bull moose when she instead heard a long howl, followed by an adult wolf stepping out to a rocky shore accompanied by a half-grown youth and four pups. “I will never forget that,” she said of the magical moment. “It’s anchored in my heart forever.” It was only later that Benoit, an artist and documentary filmmaker, learned that the wolves she saw weren’t grey wolves but rather rare eastern wolves. The species, whose population is estimated at fewer than 1,000 mature adults, could soon be further protected by new measures that are raising hopes among conservationists that attitudes toward a once-feared and maligned animal are shifting. In July, the federal government upgraded the eastern wolf’s threat level from “status of special concern” to “threatened,” based on a 2015 report by the Committee on the Status of Endangered Wildlife in Canada. That report found the population count may be as low as 236 mature individuals in its central Ontario and southern Quebec habitat. The eastern wolf is described as medium-sized canid with reddish-tawny fur that lives in family groups of a breeding pair and their offspring. Also known as the Algonquin wolf, it is largely restricted to existing protected areas, including Algonquin Park in Ontario. The federal Environment Department said in an email that development of a recovery strategy is underway, adding it would be “written in collaboration with provincial governments, federal departments responsible for the federal lands where the eastern wolf is found as well as First Nations groups and Indigenous organizations.” The order triggers protection for the species on federal lands and forces Ottawa to prepare a recovery plan. However, the fight for protection could be an uphill battle in Quebec, which does not even recognize the eastern wolf as a distinct species. A spokesperson for Quebec’s Environment Department said Quebec considers the eastern wolf a “genetic group” rather than its own species. “Recent study shows that the eastern wolf is a distinct entity, even if it comes from several crosses between the grey wolf and the coyote,” Daniel Labonté wrote in an email. “However, scientific knowledge does not demonstrate that this genetic grouping constitutes a species in its own right.” Labonté added that this lack of recognition was not a barrier to protecting the animal, since the law also allows for protection of subspecies or wildlife populations. In October, Quebec launched a program to collect samples to improve knowledge on the distribution of large canines, including the eastern wolf. The government said it is currently “impossible to assert that there is an established population” in Quebec due to low numbers — amounting to three per cent of analyzed samples — and the “strong hybridization that exists among large canids.” Véronique Armstrong, co-founder of a Quebec wildlife protection association, says she’s feeling positive about both the Canadian and Quebec governments’ attitudes. While wolves were once “stigmatized, even persecuted,” she said, “we seem to be heading in the direction of more protection.” Her group, the Association québécoise pour la protection et l’observation de la faune, has submitted a proposal for a conservation area to protect southern Quebec wolves that has already received signs of support from three of the regional municipalities that would be covered, she said. While it’s far from settled, she’s hopeful that the battle to protect wolves might be easier than for some other species, such as caribou, because the wolves are adaptable and can tolerate some human activity, including forestry. John Theberge, a retired professor of ecology and conservation biology from the University of Waterloo and a wolf researcher, spent several years along with his wife studying and radio-collaring eastern wolves around Algonquin Park. Back in the 1990s and 2000s, they faced a “huge political battle” to try to expand wolf protection outside park boundaries after realizing that the far-ranging animals were being hunted and trapped in large numbers once they left the protected lands. Conservationists, he said, faced resistance from powerful hunter and trapper lobbies opposed to protecting the animals but in the end succeeded in permanently closing the zones outside the park to hunting and trapping in 2004. Theberge says people who want to save wolves today still face some of that same opposition — especially when governments including Quebec, Alberta and British Columbia kill wolves to protect endangered caribou. But he believes the public support for protecting wolves has increased from when his career began in the 1960s, when they were treated with fear and suspicion. “Nobody wore T-shirts with wolves on them back then,” he said. Over the years, there have been questions about whether the eastern wolf may be a grey wolf subspecies or a coyote-wolf hybrid. But in the order protecting the wolves, the federal government says genetic analyses have resolved that debate, showing that it is a “distinct species.” Benoit, Theberge and Armstrong all believe that while it’s important to protect the eastern wolf from a genetic diversity perspective, there is value in protecting all wolves, regardless of their DNA. Wolves, they say, are an umbrella species, meaning that protecting them helps protect a variety of other species. They kill off weak and sick animals, ensuring strong populations. They’re also “highly developed, sentient social species, with a division of labour, and strong family alliances,” Theberge said. Benoit agrees. After years spent watching wolves, she has developed great respect for how they live in close-knit families, with older offspring helping raise new pups. “It’s extraordinary to see how their way of life is a little like humans’,” she said.
SYRACUSE, N.Y. (AP) — Eddie Lampkin Jr. and Donnie Freeman each posted a double-double and Jaquan Carlos finished an assist shy of joining them as Syracuse closed out its nonconference schedule with a 75-63 win over Bucknell on Saturday. The Orange evened their record at 6-6 with their sixth win in seven home games, taking a 12-point lead at intermission and maintaining it through the second half, handing the Bison (4-9) their seventh straight loss. Syracuse, which lost its Atlantic Coast Conference opener to Notre Dame, finished nonconference play 6-5. Lampkin and Freeman combined to score 24 first-half points and helped the Orange dominate the boards in the first half, 18-11. Pip Ajayi dunked near the 14-minute mark to get Bucknell within five, 48-43, but Elvin Edmonds IV missed a 3-point attempt to make it a one-possession game a minute later and Lampkin scored to push the lead to seven. Kyle Cuffe Jr. scored back-to-back baskets and Carlos added a layup to push the Syracuse lead back to a dozen points, 56-44. Lampkin finished with 18 points and 11 rebounds scored 15 points, grabbed 11 boards and dished three assists with a steal. Carlos posted 11 points with nine assists and three steals. Syracuse outrebounded Bucknell 43-27. John Bascoe hit 6 of 11 from behind the arc and led the Bison with 22 points. Noah Williamson finished with 12 points and eight rebounds. Syracuse opens the heart of its ACC schedule when it plays host to Wake Forest on New Year's Eve. Bucknell opens Patriot League play January 2 at Lehigh. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketballDALLAS, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, today announced the commencement of an underwritten public offering of 5,043,480 shares of its common stock to be offered by selling stockholders of the Company (collectively, the “Offering”). The selling stockholders also expect to grant the underwriters a 30-day option to purchase up to an additional 756,520 shares of common stock. The Company is not selling any shares of common stock in the proposed Offering. The proposed Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. B. Riley Securities is acting as sole bookrunning manager for the proposed Offering. Wedbush Securities and Zions Capital Markets are acting as co-managers for the proposed Offering. A shelf registration statement on Form S-3 relating to the securities being sold in the proposed Offering has been filed with and declared effective by the U.S. Securities and Exchange Commission (the “SEC”), and is available on the SEC’s website located at www.sec.gov. The proposed Offering will be made only by means of a prospectus supplement and accompanying prospectus that forms part of the registration statement, copies of which may be obtained, when available, by request from: B. Riley Securities, Inc. at 1300 17th Street North, Suite 1300, Arlington, VA 22209, by telephone at 1-703-312-9580 or by e-mail at prospectuses@brileyfin.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Landsea Homes Corporation Landsea Homes Corporation (Nasdaq: LSEA) is a publicly traded residential homebuilder based in Dallas, Texas that designs and builds best-in-class homes and sustainable master-planned communities in some of the nation's most desirable markets. The company has developed homes and communities in New York, Boston, New Jersey, Arizona, Colorado, Florida, Texas and throughout California in Silicon Valley, Los Angeles, and Orange County. Landsea Homes was honored as the Green Home Builder 2023 Builder of the Year, after being named the 2022 winner of the prestigious Builder of the Year award, presented by BUILDER magazine, in recognition of a historical year of transformation. Forward-Looking Statements This press release contains forward-looking statements. All statements other than statements of historical facts contained herein, including without limitation, statements regarding the expected completion, timing and size of the proposed Offering and the option granted to the underwriters by the selling stockholders to purchase additional shares, are forward-looking statements reflecting the current beliefs and expectations of Landsea Homes’ management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. No assurance can be given that the proposed Offering discussed above will be completed on the terms described, or at all. Forward-looking statements represent Landsea Homes’ current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially and adversely from those expressed or implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the trading price and volatility of Landsea Homes’ common stock, and risks relating to Landsea Homes’ business, including those risks and uncertainties described in periodic reports that Landsea Homes files from time to time with the SEC, as well as the preliminary prospectus supplement relating to the proposed Offering filed with the SEC. The forward-looking statements included in this press release speak only as of the date of this press release, and Landsea Homes does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law. Contact Information: Investor Relations: Drew Mackintosh, CFA Mackintosh Investor Relations, LLC drew@mackintoshir.com (310) 924-9036 Media: Annie Noebel Cornerstone Communications anoebel@cornerstonecomms.com (949) 449-2527
