Coca-Cola’s AI holiday ad sparks controversy for not being the ‘real thing’(Photo by Kampus Production via Pexels) By Stephen Beech Employees are suffering "techno-strain" as a result of digital systems making it difficult to switch off from work, warns a new study. Staff are experiencing mental and physical issues due to being "hyperconnected" through digital technology, according to the findings. Researchers from the University of Nottingham’s Schools of Psychology and Medicine conducted detailed interviews with employees from a variety of professions. They found that the cognitive and affective effort associated with constant connectivity and high work pace driven by the digital workplace is detrimental to employee well-being. The study is the final part of a research project exploring the "dark side effects" of digital working which include stress, overload, anxiety and fear of missing out. The results, published in the journal Frontiers in Organisational Psychology , highlight an "overarching" theme of "digital workplace technology intensity" as a result of digital workplace job demands. The research team says their findings indicate a "sense of burden" associated with working digitally which surfaced for most participants in perceptions of overload and feelings of being "overwhelmed" by the proliferation of messages, apps and meetings in the digital workplace. They say "fear of missing out" - or FOMO- on important information and contact with colleagues also contributed to stress and strain for digital workers, as did hassles encountered when using digital technologies. (Photo by Tara Winstead via Pexels) Study leader Elizabeth Marsh said: “Digital workplaces benefit both organizations and employees, for example by enabling collaborative and flexible work. "However, what we have found in our research is that there is a potential dark side to digital working, where employees can feel fatigue and strain due to being overburdened by the demands and intensity of the digital work environment. "A sense of pressure to be constantly connected and keeping up with messages can make it hard to psychologically detach from work." Fourteen employees were interviewed in detail and asked about their perceptions and experiences of digital workplace job demands and impacts to their health. Comments from interviewees included: “[It’s] just more difficult to leave it behind when it's all online and you can kind of jump on and do work at any time of the day or night.” Another participant said: “You kind of feel like you have to be there all the time. You have to be a little green light,” while another commented: “It's that pressure to respond [...] I've received an e-mail, I've gotta do this quickly because if not, someone might think “What is she doing from home?” In their analysis, the researchers explored potential underlying psychological, technological and organizational factors that may influence ways in which employees experience digital workplace job demands. The findings showed that participants' dark side experiences were particularly shaped by a pervasive and constant state of connectivity in the digital workplace, termed "hyperconnectivity." Those experiences contributed to a sense of pressure to be available and the erosion of work-life boundaries, according to the research team. (Photo by Thirdman via Pexels) They said the evidence also indicates that "hyperconnectivity" has become the norm among workers post-pandemic. PhD student Marsh said: “The findings underline the need for both researchers and professionals to identify, understand and mitigate the digital workplace job demands to protect the well-being of digital workers.” The research also makes practical suggestions for employers including helping workers improve their digital skills and empowering them to manage boundaries in the digital workplace. The team says their findings could also be used by IT departments to consider how to improve the usability and accessibility of the digital workplace, as well as reining in the proliferation of applications. Dr. Alexa Spence, Professor of Psychology, said: “This research extends the Job Demands-Resources literature by clarifying digital workplace job demands including hyperconnectivity and overload." She added: "It also contributes a novel construct of digital workplace technology intensity which adds new insight on the causes of technostress in the digital workplace. "In doing so, it highlights the potential health impacts, both mental and physical, of digital work.”Expedite construction of OPD Block at Super Speciality Hospital’
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NoneThe Department Business and Economic Affairs will use a new, $1.9 million travel and tourism grant under the expiring American Rescue Plan Act (ARPA) to take advantage of an expanded airlift of flights going to and from new markets to the the state’s two main airports. Without debate, the Executive Council agreed earlier this week agreed to earmark these tourism dollars to GYK Antler LLC of Manchester, the marketing firm that already had a $16 million contract to handle on a variety of marketing efforts for DBA. “The additional funding will be important in supporting the expanded airlift into New Hampshire, through Manchester-Boston Regional Airport and Pease International Airport,” said DBA Commissioner Taylor Caswell. “This year alone, there has been an addition of three major airlines — JetBlue. Breeze, and Sun Country — and the twelve new routes, including destinations such as Orlando, Fort Myers, Sarasota, Fort Lauderdale, Minneapolis-St. Paul, Charlotte, Charleston, and Greenville-Spartanburg.” The money will be used to create a “strategic marketing plan” to raise awareness about New Hampshire in all these newly served markets, Caswell said “Market research shows that nearly 30% of travelers from these regions take up to four trips per year, with half of them spending over $7,000 per trip. While advertising costs in these markets are high, a targeted and cost-efficient multimedia approach will be used to build brand awareness and encourage travel to New Hampshire.” The aim is for GYK to help ensure a “consistent and cohesive brand,” Caswell added. Repetition is the key to success in this endeavor, he explained. “Studies Indicate that people need to see a message an average of 15 times before they take action, making consistent, sustained exposure critical to the success of the campaign,” Caswell said. “With this in mind, the funding will be carefully allocated to build long-term awareness of New Hampshire's attractions and drive sustained interest in the state.” The multimedia campaign will be followed up by continued promotion as part of BEA’s ongoing budget, he added. “This strategic approach will ensure that New Hampshire not only capitalizes on the immediate benefits of these new airline routes but also establishes a strong presence In these key travel markets for years to come,” he added. The company’s existing marketing work is split up into tourism, employment, workforce opportunity and specialty crop branding. In a related action, the council approved $38,375 to the Department of Agriculture, Markets and Food (DAMF) to study ways to create more of a brand identity for New Hampshire grown crops. “GYK will gather existing data and research on the local business and brand to develop the foundation for the brand identity including name, logo, concept and standards,” Caswell said. “At the completion of the contract, the DAMF will have a brand logo in multiple formats and a brand standards document for use by the State, farmers and producers, and other local partners exclusively for the promotion of NH specialty crops.” Agriculture Assistant Commissioner Joshua Marshall signed onto this request along with a separate item the council approved that creates a memorandum of understanding for this three-month crop branding analysis. klandrigan@unionleader.comClassic Rock's Ultimate Playlist of 2024Asia markets to open mixed following losses on Wall Street: Japan trade data in focus
Prolapse nightmare left Olympian fearing the life she had known was overFORT MYERS, Fla. (AP) — Dallion Johnson scored 25 points and made seven 3-pointers to help FGCU defeat CSU Bakersfield 74-54 on Friday. Johnson went 9 of 14 from the field for the Eagles (1-4). Zavian McLean scored 12 points, going 4 of 9 from the floor, including 1 for 5 from 3-point range, and 3 for 4 from the line. Jevin Muniz went 3 of 10 from the field (2 for 5 from 3-point range) to finish with 10 points, while adding eight rebounds. Marvin McGhee led the Roadrunners (3-2) in scoring, finishing with 15 points. Fidelis Okereke added 10 points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .KINSHASA, Democratic Republic of Congo Apple “could not have been unaware” that its supply chain was contaminated with “blood minerals,” a lawyer representing the Democratic Republic of Congo said Tuesday. The trial in the capital Kinshasa marks the first in a series of legal actions against major corporations. Robert Amsterdam of Amsterdam & Partners said Apple was chosen as a target due to its immense economic influence and its public messaging on environmental commitments, particularly claims of contributing to the preservation of the planet. “Apple is one of the most symbolic targets because of its ubiquitous messaging about ‘doing good for the planet’,” he said. The minerals in question – tin, tantalum, tungsten, and gold – are critical components in manufacturing electronic devices, including smartphones, tablets, and computers. These resources are primarily extracted from the Kivu region in eastern Congo, where armed groups, including the Rwandan-backed M23, maintain control over mining operations. According to UN expert reports, M23 generates approximately $300,000 in monthly revenue through illegal taxes imposed on local mining activities. The case raises serious questions about the reliability of mineral traceability systems, such as the International Tin Supply Chain Initiative program. The initiative lost its validation from the Responsible Minerals Initiative nearly two years ago, yet some companies continue to cite it as proof of compliance despite its reported shortcomings. Apple, responding to the allegations, acknowledged that like other technology firms, it indirectly sources minerals from Congo and neighboring Rwanda through a complex network of intermediaries, including trading posts, refineries, and smelters. These intermediaries are expected to adhere to traceability standards set by the Organization for Economic Cooperation and Development (OECD). Congolese authorities have filed lawsuits against Apple subsidiaries in France and Belgium, accusing the company of complicity in war crimes, money laundering, and consumer deception. The legal action highlights efforts to expose the role of multinational corporations in exploiting minerals from conflict zones. The conflict in eastern Congo is rooted in decades of instability, armed group activity, and competition over valuable resources. The region, rich in tin, tantalum, tungsten, and gold – often referred to as “conflict minerals” – has been a center of violence and illegal mining. Armed groups such as the M23 exploit these resources to fund operations, imposing illegal taxes and controlling mines. International corporations’ involvement in the region has come under growing scrutiny, as these minerals enter global supply chains, indirectly fueling the ongoing conflict. While traceability systems aim to ensure ethical sourcing, they have demonstrated significant weaknesses. Congo’s lawsuit against Apple underscores mounting efforts to hold multinational corporations accountable for their direct or indirect role in perpetuating cycles of conflict and exploitation.Legislators should bury trivia, reform regents
One of the clichés often trotted out about television shows is that the characters “start to feel like family”. After all, as we grow up, become more atomised, spread out across the world, it’s easy to find yourself spending more time with the cast of your favourite TV show than with your own kith and kin. But while it’s a trite observation, it’s also quite true of the BBC’s Outnumbered , which puts middle-class British family life under a microscope, revealing its facts and follies for all to see. As it makes its long-awaited return this Christmas, Sue and Pete Brockman (Claire Skinner and Hugh Dennis) have some news. Some big, scary – whisper it – cancer news. But they aren’t going to let that derail their Christmas plans, as the three Brockman children – Jake (Tyger Drew-Honey), Ben (Daniel Roche), and Karen (Ramona Marquez) – descend upon the family home for the festive period. Oh, and then there’s Jane (Hattie Morahan), the local irritant the Brockmans can never shrug off, who becomes an extended interloper for the holidays. “This place is so much smaller than the last place,” says Sue, as the brood arrives at the new digs, “and they’re so much bigger.” And so they are: eight years have passed since the last Outnumbered special , and the kids are now in their mid-twenties. Adulthood brings new challenges. “Are you going to stop paying for our mobile phones?” the children ask, in unison, when their parents tell them that they have an announcement to make. But there is something bigger at stake here: Pete, the world-weary Brockman clan patriarch, has prostate cancer. It’s a revelation that breaks the children out of their own crises: Jake has relationship issues, Ben is about to backpack across the Andes, and Karen has left another job after falling out with her colleagues. But does the dynamic with your children ever really change? However old they get, aren’t they always children to their parents? Outnumbered has always been typified by a quiet sense of farce. Dennis, a master of dry British comedy, is a straight man whose visible self-repression always builds towards a frenzied release (here, he ends up, as the kids would say, yeeting the neighbour’s Christmas parcels over the fence). Skinner, meanwhile, is a ball of anxious energy, desperate for this fudged Christmas gathering to be a success. But while Dennis and Skinner are pros, the actors playing their children – who have been part of the cast since they were 11, 7 and 5, respectively – have lost something of the natural comedic instinct they displayed as kids. The rambunctious chaos of the Brockman household has given way to a gentleness that could be mistaken for blandness. Of course, a Christmas special ought to be mellow. Outnumbered has always been a show for the whole family. Parents will sigh along with that feeling that their children will never get out from under their feet; kids will chime with that creeping recognition that their parents are mere mortals. “We’ll know they’re OK when they start taking the piss,” Pete reckons, after delivering his cancer bombshell. It is a show to be watched as a family, in a turkey fugue, before, or between, arguments about politics or football or who was the least-favoured child growing up. An Outnumbered Christmas special is like a very simple two-act play. The cast assembles and a dramatic revelation is made. Curtain, go get a £5 tub of ice cream. Then, in the second act, everyone speeds towards a sense of acceptance with this new reality, demonstrating that blood is thicker than eggnog (figuratively, it’s actually not), and we’re all bound to our families by more than mere proximity. It’s a simple proposition, and a harmless one, and ought to provide 45 minutes of square-eyed communion over the fractious yuletide period. ‘Outnumbered’ Christmas Special 2024 is available on BBC iPlayer now
AES Announces 2% Increase in Quarterly DividendS. Korean President gets a reprieve for now as ruling party seeks to block impeachmentBOLINGBROOK, 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/en
JERUSALEM — A new round of Israeli airstrikes in Yemen on Thursday targeted the Houthi rebel-held capital and multiple ports, while the World Health Organization’s director-general said the bombardment occurred nearby as he prepared to board a flight in Sanaa, with a crew member injured. “The air traffic control tower, the departure lounge — just a few meters from where we were — and the runway were damaged,” Tedros Adhanom Ghebreyesus said on the social media platform X. He added that he and U.N. colleagues were safe. “We will need to wait for the damage to the airport to be repaired before we can leave,” he said, without mentioning the source of the bombardment. U.N. spokesperson Stephanie Tremblay later said the injured person was with the U.N. Humanitarian Air Service. Israel’s army later told The Associated Press it wasn’t aware that the WHO chief or delegation was at the location in Yemen. The Israeli strikes followed several days of Houthi launches setting off sirens in Israel. The Israeli military in a statement said it attacked infrastructure used by the Iran-backed Houthis at the international airport in Sanaa and ports in Hodeida, Al-Salif and Ras Qantib, along with power stations, asserting they were used to smuggle in Iranian weapons and for the entry of senior Iranian officials. Israel’s military added it had “capabilities to strike very far from Israel’s territory — precisely, powerfully, and repetitively.” The strikes, carried out over 1,000 miles from Jerusalem, came a day after Israeli Prime Minister Benjamin Netanyahu said “the Houthis, too, will learn what Hamas and Hezbollah and Assad’s regime and others learned” as his military has battled those more powerful proxies of Iran. The Houthi-controlled satellite channel al-Masirah reported multiple deaths and showed broken windows, collapsed ceilings and a bloodstained floor and vehicle. Iran’s foreign ministry condemned the strikes. The U.S. military also has targeted the Houthis in recent days. The U.N. has said the targeted ports are important entryways for humanitarian aid for Yemen, the poorest Arab nation that plunged into a civil war in 2014 . Over the weekend, 16 people were wounded when a Houthi missile hit a playground in the Israeli city of Tel Aviv , while other missiles and drones have been shot down. Last week, Israeli jets struck Sanaa and Hodeida, killing nine people, calling it a response to previous Houthi attacks. The Houthis also have been targeting shipping on the Red Sea corridor, calling it solidarity with Palestinians in Gaza. The U.N. Security Council has an emergency meeting Monday in response to an Israeli request that it condemn the Houthi attacks and Iran for supplying them weapons. {h2}5 journalists killed in Gaza{/h2} Meanwhile, an Israeli strike killed five Palestinian journalists outside a hospital in Gaza overnight , the territory’s Health Ministry said. The Israeli military said all were militants posing as reporters. The strike hit a car outside Al-Awda Hospital in the built-up Nuseirat refugee camp in central Gaza. The journalists were working for local news outlet Al-Quds Today, a television channel affiliated with the Islamic Jihad militant group. Islamic Jihad is a smaller and more extreme ally of Hamas and took part in the Oct. 7, 2023 attack in southern Israel that ignited the war. Israel’s military identified four of the men as combat propagandists and said that intelligence, including a list of Islamic Jihad operatives found by soldiers in Gaza, had confirmed that all five were affiliated with the group. Hamas, Islamic Jihad and other Palestinian militant groups operate political, media and charitable operations in addition to their armed wings. Associated Press footage showed the incinerated shell of a van, with press markings visible on the back doors. Sobbing young men attended the funeral. The bodies were wrapped in shrouds, with blue press vests draped over them. The Committee to Protect Journalists says more than 130 Palestinian reporters have been killed since the start of the war. Israel hasn’t allowed foreign reporters to enter Gaza except on military embeds. Israel has banned the pan-Arab Al Jazeera network and accused six of its Gaza reporters of being militants . The Qatar-based broadcaster denies the allegations and accuses Israel of trying to silence its war coverage, which has focused heavily on civilian casualties from Israeli military operations. {h2}Another Israeli soldier killed{/h2} Separately, Israel’s military said a 35-year-old reserve soldier was killed during fighting in central Gaza. A total of 389 soldiers have been killed in Gaza since the start of the ground operation. The war began when Hamas-led militants stormed across the border, killing around 1,200 people, mostly civilians, and abducting around 250. About 100 hostages are still inside Gaza, at least a third believed to be dead. Israel’s air and ground offensive has killed more than 45,000 Palestinians, according to the Health Ministry. It says more than half the fatalities have been women and children, but doesn’t say how many of the dead were fighters. Israel says it has killed more than 17,000 militants, without providing evidence. The offensive has caused widespread destruction and hunger and driven around 90% of the population of 2.3 million from their homes. Hundreds of thousands are packed into squalid camps along the coast, with little protection from the cold, wet winter. Also Thursday, people mourned eight Palestinians killed by Israeli military operations in and around Tulkarem in the occupied West Bank on Tuesday, according to the Palestinian Health Ministry. The Israeli military said it opened fire after militants attacked soldiers, and it was aware of uninvolved civilians who were harmed in the raid. Shurafa reported from Deir al-Balah, Gaza Strip. Associated Press writers Edith M. Lederer at the United Nations and Nasser Karimi in Tehran, Iran, contributed to this report. A previous version of this story was corrected to show that the name of the local news outlet is Al-Quds Today, not the Quds News Network. Follow AP’s war coverage at https://apnews.com/hub/israel-hamas-war
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