RT MegaETH Only | ∑: (@Mega_Ecosystem)Yesterday, MegaETH hosted its 12th AMA.Over 200 people tuned in to hear @hotpot_dao and @0xBreadguy share the latest updates on MegaMafia 2.0, mainnet progress, Fluffle wave 2 and more.They also took the time to answer your questions.Here's everything you might have missed:1/ Updates on MegaMafia 2.0 :Last month, MegaMafia 2.0 held its first offsite in Copenhagen, marking the first time the MegaETH team spent extended time with the crew, bonding, working closely, and it ...

Financial Data and Key Metrics Changes - For the first quarter, net sales increased by 4.5% to $2.8 billion, with operating profit at 14.1% of sales and diluted earnings per share at $6.70 [8][25][29] - Comparable sales rose by 2.9%, driven by a 2.3% increase in average ticket and a 0.6% increase in transactions [25] - Gross margin decreased by 10 basis points to 39.1%, primarily due to deleverage of store and supply chain fixed costs [27] Business Line Data and Key Metrics Changes - Fragrance was the strongest performing category, delivering double-digit growth, while skincare and wellness saw high single-digit growth [11] - Hair care was roughly flat, with growth in hair color and accessories offset by decreases in hair care tools [12] - Makeup category experienced a slight decrease in comp sales, driven by mass makeup, while prestige makeup remained flat [12] Market Data and Key Metrics Changes - Consumer engagement with beauty remains healthy, with beauty and wellness being a top priority for consumers despite economic pressures [9] - The beauty category is expected to grow in line with historical averages of 2% to 5% over the next few years [61] Company Strategy and Development Direction - The company is focused on executing the Ulta Beauty Unleashed plan to accelerate performance and reassert leadership [9][19] - Strategic priorities include scaling new businesses, enhancing digital capabilities, and optimizing cost structures [20][18] - The company plans to open stores in Mexico City, Kuwait City, and Dubai later this year, along with launching an online marketplace [19] Management's Comments on Operating Environment and Future Outlook - The operating environment is dynamic, with ongoing consumer wallet pressures and uncertainty in the global trade landscape [31][23] - The company remains cautious in its guidance for fiscal 2025, expecting net sales between $11.5 billion and $11.7 billion [31][32] - Management is optimistic about the long-term growth potential despite current challenges [34][23] Other Important Information - The company launched 19 new brands during the quarter, many of which are exclusive to Ulta Beauty [16] - The active loyalty member base expanded to a record 45 million, up 3% year over year [15] Q&A Session Summary Question: Insights on the Ulta Beauty Unleashed plan - Management expressed pride in the team's execution and noted improvements in in-store experience and marketing efforts [38][41] Question: Full year outlook and promotional strategies - Management provided insights on expected comp sales growth and emphasized a rational promotional environment [45][48] Question: Newness and innovation pipeline - Management indicated a balanced pipeline of new products across categories, with a focus on exclusivity [52][53] Question: Demand improvements and competitive intensity - Management acknowledged competitive pressures but highlighted the effectiveness of their initiatives in driving market share [60][61] Question: Impact of increased distribution on business - Management noted that while increased distribution presents challenges, their strong loyalty program and omnichannel strategy set them apart [82][84] Question: Marketing strategy effectiveness - Management emphasized the importance of authentic engagement and personalization in their marketing efforts [90][89] Question: Brand curation and personalization opportunities - Management discussed ongoing investments in brand building and personalization capabilities to enhance guest experiences [96][99]