Ulta Beauty Inc

ULTA

Equity

ISIN US90384S3031 / Valor 3257188

NASDAQ (2024-12-24)

USD 435.31+1.44%

Ulta Beauty Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Ulta Beauty Inc is a beauty retail company that is committed to promoting diversity and inclusion within the industry. The company has partnered with venture capital firm New Voices to invest $5 million in entrepreneurs of color, providing them with access to resources and support to grow their businesses. Ulta Beauty also offers training programs to address unconscious bias and promote inclusivity among its associates, with a focus on DE&I initiatives. Through these efforts, Ulta Beauty aims to create a more equitable and diverse beauty industry while supporting entrepreneurs of color in building sustainable and successful businesses.

Summarized from source with an LLMView SourceSector: Consumer Services

Net Sales Growth

In the third quarter of fiscal 2024, Ulta Beauty Inc. reported net sales of $2.53 billion, marking a 1.7% increase from $2.49 billion in the same quarter of the previous year. This growth was primarily driven by the contribution from new store openings, although it was partially offset by a decline in other revenue streams.

Comparable Sales Performance

Ulta Beauty Inc. experienced a 0.6% increase in comparable sales during the third quarter of fiscal 2024 compared to a 4.5% increase in the same period of fiscal 2023. This growth was attributed to a 0.5% rise in transactions and a 0.1% increase in the average ticket size.

Profitability Metrics

The company's gross profit for the third quarter of fiscal 2024 was $1.0 billion, slightly up from $992.1 million in the previous year. However, as a percentage of net sales, gross profit decreased to 39.7% from 39.9%, primarily due to the deleverage of store and supply chain fixed costs.

Earnings Per Share

Ulta Beauty Inc. reported diluted earnings per share of $5.14 for the third quarter of fiscal 2024, a slight increase from $5.07 in the same quarter of the previous year. This reflects the company's ability to maintain profitability despite challenges in the retail environment.

Fiscal 2024 Outlook

For the full fiscal year 2024, Ulta Beauty Inc. has updated its net sales outlook to a range of $11.1 billion to $11.2 billion. The company also anticipates diluted earnings per share to be between $23.20 and $23.75, reflecting confidence in its strategic initiatives and market position.

Summarized from source with an LLMView Source

Key figures

-7.65%1Y

10.9%3Y

72.4%5Y

Performance

34.2%1Y

33.5%3Y

41.4%5Y

Volatility