In an attempt to enhance its financial flexibility amid the coronavirus outbreak, Ulta Beauty, Inc. ( ULTA - Free Report ) has recently drawn down $800 million under its revolving credit facility. Including the revolver drawdown, the company's cash in hand was nearly $1.3 billion as of Mar 18. Moreover, management is reassessing the pace and timing of its stock repurchase program. Apart from these, the company is on track with reducing its capital expenditure and optimizing expenses due to the coronavirus crisis. Moreover, Ulta Beauty is mindfully adjusting its inventory levels along with leveraging its existing online platforms to drive sales amid its temporary store closures. Prior to this, Ulta Beauty had announced temporary store closure plans due to the growing spread of COVID-19. The beauty retailer shut down all stores from 6:00 pm, Mar 19, 2020, till at least Mar 31.