Your Beauty Destination
2010 ANNUAL REPORT Your Beauty Destination AnnualReport_final_2.indd 1 4/21/11 12:16 PM Financial Highlights De In ve NETNET SALES SALES (IN (IN MILLIONS) MILLIONS) NETNET INCOME INCOME (IN (IN MILLIONS) MILLIONS) STORE COUNT to $1,454.8 $1,454.8 de $1,222.8$1,222.8 ca $1,084.6$1,084.6 $71.0$71.0 389 $912.1$912.1 389 346346 Fis $755.1 311 $755.1 311 $39.4$39.4 sto 249249 196196 $25.3$25.3 $25.3$25.3 In $22.5$22.5 of 30% 21% 19% 13% 19% 30% 21% 19% 13% 19% 41%41% 12%12% 0%0% 56%56% 80%80% 17%17% 27%27% 25%25% 11%11% 12%12% re 20062006 20072007 20082008 20092009 20102010 20062006 20072007 20082008 20092009 20102010 20062006 20072007 2008 2009 20102010 pr 26 5 YEAR5 YEAR CAGR CAGR - 20%* - 20%* 5 5YEAR YEAR CAGR CAGR - -35%* 35%* 55 YEARYEAR CAGR - 18%* Ou FISCAL YEAR ENDED (1) mi (IN THOUSANDS, EXCEPT PER SHARE AND PER SQUARE FOOT DATA) ou January 29, 2011 January 30, 2010 January 31, 2009 February 2, 2008 February 3, 2007 INCOME STATEMENT: to Net sales(2) $ 1,454,838 $ 1,222,771 $$ 1,084,646 $ 912,141 $ 755,113 St Cost of sales(3) 970,753 846,202 752,939 628,495 519,929 Gross profit 484,085 376,569 331,707 283,646 235,184 Ult Selling, general & administrative expenses(3) 358,106 302,413 271,095 225,167 188,000 Pre-opening expenses 7,095 6,003 14,311 11,758 7,096 an Operating income 118,884 68,153 46,301 46,721 40,088 ta Interest expense 755 2,202 3,943 4,542 3,314 co Income before income taxes 118,129 65,951 42,358 42,179 36,774 ing Income tax expense 47,099 26,595 17,090 16,844 14,231 pin Net income $ 71,030 $ 39,356 $ $ 25,268 $ 25,335
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