Ulta Beauty Announces Fourth Quarter Fiscal 2023 Results
- Ulta Beauty reported a substantial increase in net sales to $3.6 billion compared to $3.2 billion in the previous year's quarter.
- The company experienced a 2.5% growth in comparable sales, showcasing positive consumer demand and engagement.
- Ulta achieved a net income of $394.4 million, translating to $8.08 per diluted share, reflecting strong profitability.
- Operating income improved to 14.5% of net sales, indicating efficient cost management and operational performance.
- Ulta's new store openings demonstrate a commitment to expansion and strategic growth initiatives.
- CEO Dave Kimbell expressed confidence in the company's performance and future prospects, emphasizing a focus on sustainable growth and innovation.
- None.
Insights
Ulta Beauty's report exhibits a robust financial performance with net sales climbing from $3.2 billion to $3.6 billion year-over-year in the fourth quarter. This indicates a positive trajectory in consumer spending within the beauty sector. The reported net income of $394.4 million, or $8.08 per diluted share, surpasses the prior year's figures, signaling strong profitability and operational efficiency.
However, the comparable sales growth of 2.5% in the fourth quarter, though positive, marks a deceleration from the 15.6% growth in the same period last year. This could point to a maturing market or increased competition. Investors should consider the sustainability of growth rates as comparable sales are a key indicator of a retailer's health.
Operating income as a percentage of net sales also shows a slight increase, which could be interpreted as the company effectively managing its costs or benefiting from economies of scale. The expansion with 30 new store openings, while lower than the previous year's 47, suggests a strategic approach to growth, focusing on profitability over mere expansion.
Ulta Beauty's strategic positioning in the market is evident from its record brand awareness and strong member growth. Their holiday strategies and product curation seem to have resonated well with consumers, suggesting that their marketing and merchandising efforts are aligning with customer preferences. This is crucial in the highly competitive beauty industry where brand loyalty and consumer engagement are key drivers of success.
Despite a dynamic macroeconomic environment, Ulta's optimism for 2024 could be underpinned by their multi-year investment agenda, hinting at a focus on innovation and capability enhancement. Their differentiated model, which may include a mix of in-store and online retail strategies, loyalty programs and exclusive product offerings, is likely providing a competitive edge.
Stakeholders should monitor how these investments translate into long-term value creation, particularly in the context of consumer behavior shifts and digital transformation within the retail sector.
The beauty retailer's performance offers insights into broader economic trends. The increase in net sales and controlled store openings reflect a cautious yet positive consumer spending environment. Ulta's results could suggest that discretionary spending in the beauty segment remains resilient, even as other sectors may be experiencing headwinds from macroeconomic factors such as inflation or shifts in consumer confidence.
However, the deceleration in comparable sales growth year-over-year requires attention. It may be indicative of a plateauing demand or the beginning of market saturation. As Ulta navigates the 'dynamic' macro environment, the company's agility in responding to economic changes will be pivotal in maintaining growth momentum.
Investors should be aware of the potential impact of external economic factors on Ulta's performance, such as changes in disposable income, consumer trends and the competitive landscape, which can all influence the company's future results.
Net Sales of
Comparable Sales Increased
Net Income of
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|
|
|
|
|
|
|
|
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14 Weeks Ended |
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13 Weeks Ended |
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53 Weeks Ended |
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52 Weeks Ended |
||||
|
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February 3, |
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January 28, |
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February 3, |
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January 28, |
||||
(Dollars in millions, except per share data) |
2024 |
|
2023 |
|
|
2024 |
|
2023 |
|||||
Net sales |
|
$ |
3,554.3 |
|
$ |
3,226.8 |
|
|
$ |
11,207.3 |
|
$ |
10,208.6 |
Comparable sales (1) |
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|
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|
|
Gross profit (as a percentage of net sales) |
|
|
|
|
|
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|
|
|
|
|
|
|
Selling, general and administrative expenses |
|
$ |
820.4 |
|
$ |
762.7 |
|
|
$ |
2,694.6 |
|
$ |
2,395.3 |
Operating income (as a percentage of net sales) |
|
|
|
|
|
|
|
|
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|
|
|
Diluted earnings per share |
|
$ |
8.08 |
|
$ |
6.68 |
|
|
$ |
26.03 |
|
$ |
24.01 |
New store openings, net |
|
|
11 |
|
|
12 |
|
|
|
30 |
|
|
47 |
(1) |
Comparable sales are based on a comparable number of weeks from the prior year. |
“We closed out a strong 2023 with better-than-expected fourth quarter financial performance. Our compelling holiday plans and thoughtfully curated assortment resonated with our guests and delivered healthy traffic, record brand awareness, and strong member growth. I am proud of how our teams drove these results while making meaningful progress on our multi-year, transformational investment agenda to enable new capabilities for future growth,” said Dave Kimbell, chief executive officer. “We enter 2024 well-positioned to drive strong top and bottom-line growth, build on our foundational capabilities, and unlock further advantages of our differentiated model. While we are mindful the near-term macro environment remains dynamic, we are optimistic about the resiliency of the beauty category, energized by the growth opportunities ahead of us, and confident in our ability to deliver for our guests and our shareholders.”
Kimbell continued, “International expansion represents an incremental, long-term opportunity for Ulta Beauty to extend our reach and leverage our differentiated value proposition. We have evaluated various operating models and partners, and geographies, and we are excited to announce the formation of a joint venture with Axo, a highly experienced operator of global brands, to launch and operate Ulta Beauty in
Fourth Quarter of Fiscal 2023 Compared to Fourth Quarter of Fiscal 2022
-
Net sales increased
10.2% to$3.6 billion $3.2 billion $181.9 million -
Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased
2.5% compared to an increase of15.6% , driven by a4.5% increase in transactions and a1.9% decrease in average ticket. -
Gross profit increased
10.6% to$1.3 billion $1.2 billion 37.7% compared to37.6% , primarily due to strong growth in other revenue, lower shipping rates, and leverage of supply chain costs, largely offset by lower merchandise margin. -
Selling, general and administrative (SG&A) expenses increased
7.6% to$820.4 million $762.7 million 23.1% compared to23.6% , primarily due to lower incentive compensation and leverage of marketing expenses and store payroll and benefits, partially offset by deleverage of corporate overhead due to strategic investments and store expenses. -
Operating income increased
15.5% to$517.1 million 14.5% of net sales, compared to$447.6 million 13.9% of net sales. -
Net interest income decreased to
$3.3 million $4.4 million -
The tax rate decreased to
24.2% compared to24.6% primarily due to benefits from a decrease in state income taxes. -
Net income increased
15.7% to$394.4 million $340.8 million -
Diluted earnings per share increased
21.0% to$8.08 $0.46 $6.68 $0.02
Full Year of Fiscal 2023 Compared to Full Year of Fiscal 2022
-
Net sales increased
9.8% to$11.2 billion $10.2 billion -
Comparable sales increased
5.7% compared to an increase of15.6% , driven by a7.4% increase in transactions and a1.5% decrease in average ticket. -
Gross profit increased
8.3% to$4.4 billion $4.0 billion 39.1% compared to39.6% , primarily due to lower merchandise margin and higher inventory shrink, partially offset by strong growth in other revenue and leverage of store fixed costs. -
SG&A expenses increased
12.5% to$2.7 billion $2.4 billion 24.0% compared to23.5% , primarily due to higher corporate overhead due to strategic investments, higher store payroll and benefits, higher marketing expenses, and higher store expenses, partially offset by lower incentive compensation. -
Operating income increased
2.4% to$1.7 billion 15.0% of net sales, compared to$1.6 billion 16.1% of net sales. -
Net interest income increased to
$17.6 million $4.9 million -
The tax rate decreased to
23.9% compared to24.4% , primarily due to a decrease in state income taxes and benefits from income tax accounting for stock-based compensation. -
Net income increased
3.9% to$1.3 billion $1.2 billion -
Diluted earnings per share increased
8.4% to$26.03 $0.14 $0.46 $24.01 $0.07
Balance Sheet
Cash and cash equivalents at the end of the fourth quarter of fiscal 2023 totaled
Merchandise inventories, net at the end of the fourth quarter of fiscal 2023 increased
As previously announced, during the third quarter of fiscal 2023, the Company borrowed
On March 13, 2024, the Company entered into an Amendment No. 3 to its Second Amended and Restated Loan Agreement, which amended and restated the existing agreement. The new loan agreement extends the maturity of the facility to March 13, 2029, provides maximum revolving loans equal to the lesser of
Share Repurchase Program
During the fourth quarter of fiscal 2023, the Company repurchased 352,005 shares of its common stock at a cost of
Since 2014, Ulta Beauty has returned
On March 12, 2024, the Company’s board of directors approved a new share repurchase authorization of
Store Update
Real estate activity in the fourth quarter of fiscal 2023 included 13 new stores located in
At the end of the fourth quarter of fiscal 2023, the Company operated 1,385 stores totaling 14.5 million square feet.
Fiscal 2024 Outlook
For fiscal 2024, the Company plans to:
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FY24 Outlook |
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Net sales |
|
|
|
Comparable sales |
|
|
|
New stores, net |
|
|
60-65 |
Remodel and relocation projects |
|
|
40-45 |
Operating margin |
|
|
|
Diluted earnings per share |
|
|
|
Share repurchases |
|
|
approximately |
Interest income |
|
|
approximately |
Effective tax rate |
|
|
approximately |
Capital expenditures |
|
|
|
Depreciation and amortization expense |
|
|
|
Conference Call Information
A conference call to discuss fourth quarter of fiscal 2023 results is scheduled for today, March 14, 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
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 the 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 (our replacement 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 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 may 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 January 28, 2023, 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)
|
|
|
|
|
|
|
|
|
|
|
|
|
14 Weeks Ended |
|
13 Weeks Ended |
||||||
|
|
February 3, |
|
January 28, |
||||||
|
|
2024 |
|
2023 |
||||||
|
|
(Unaudited) |
|
(Unaudited) |
||||||
Net sales |
|
$ |
3,554,298 |
|
|
|
$ |
3,226,773 |
|
|
Cost of sales |
|
|
2,213,734 |
|
|
|
|
2,014,270 |
|
|
Gross profit |
|
|
1,340,564 |
|
|
|
|
1,212,503 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
|
|
820,360 |
|
|
|
|
762,706 |
|
|
Pre-opening expenses |
|
|
3,114 |
|
|
|
|
2,179 |
|
|
Operating income |
|
|
517,090 |
|
|
|
|
447,618 |
|
|
Interest income, net |
|
|
(3,328) |
|
( |
|
|
(4,378) |
|
( |
Income before income taxes |
|
|
520,418 |
|
|
|
|
451,996 |
|
|
Income tax expense |
|
|
126,049 |
|
|
|
|
111,245 |
|
|
Net income |
|
$ |
394,369 |
|
|
|
$ |
340,751 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per common share: |
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
8.13 |
|
|
|
$ |
6.73 |
|
|
Diluted |
|
$ |
8.08 |
|
|
|
$ |
6.68 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding: |
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
48,500 |
|
|
|
|
50,624 |
|
|
Diluted |
|
|
48,795 |
|
|
|
|
50,976 |
|
|
Exhibit 2
Ulta Beauty, Inc.
Consolidated Statements of Income
(In thousands, except per share data)
|
|
|
|
|
|
|
|
|
|
|
|
|
53 Weeks Ended |
|
52 Weeks Ended |
||||||
|
|
February 3, |
|
January 28, |
||||||
|
|
2024 |
|
2023 |
||||||
|
|
(Unaudited) |
|
|
||||||
Net sales |
|
$ |
11,207,303 |
|
|
|
$ |
10,208,580 |
|
|
Cost of sales |
|
|
6,826,203 |
|
|
|
|
6,164,070 |
|
|
Gross profit |
|
|
4,381,100 |
|
|
|
|
4,044,510 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
|
|
2,694,561 |
|
|
|
|
2,395,299 |
|
|
Pre-opening expenses |
|
|
8,510 |
|
|
|
|
10,601 |
|
|
Operating income |
|
|
1,678,029 |
|
|
|
|
1,638,610 |
|
|
Interest income, net |
|
|
(17,622) |
|
( |
|
|
(4,934) |
|
( |
Income before income taxes |
|
|
1,695,651 |
|
|
|
|
1,643,544 |
|
|
Income tax expense |
|
|
404,646 |
|
|
|
|
401,136 |
|
|
Net income |
|
$ |
1,291,005 |
|
|
|
$ |
1,242,408 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per common share: |
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
26.18 |
|
|
|
$ |
24.17 |
|
|
Diluted |
|
$ |
26.03 |
|
|
|
$ |
24.01 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding: |
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
49,304 |
|
|
|
|
51,403 |
|
|
Diluted |
|
|
49,596 |
|
|
|
|
51,738 |
|
|
Exhibit 3
Ulta Beauty, Inc.
Condensed Consolidated Balance Sheets
(In thousands)
|
|
|
|
|
|
|
|
|
|
February 3, |
|
January 28, |
|
||
|
|
2024 |
|
2023 |
|
||
|
|
(Unaudited) |
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
766,594 |
|
$ |
737,877 |
|
Receivables, net |
|
|
207,939 |
|
|
199,422 |
|
Merchandise inventories, net |
|
|
1,742,136 |
|
|
1,603,451 |
|
Prepaid expenses and other current assets |
|
|
115,598 |
|
|
130,246 |
|
Prepaid income taxes |
|
|
4,251 |
|
|
38,308 |
|
Total current assets |
|
|
2,836,518 |
|
|
2,709,304 |
|
|
|
|
|
|
|
|
|
Property and equipment, net |
|
|
1,182,335 |
|
|
1,009,273 |
|
Operating lease assets |
|
|
1,574,530 |
|
|
1,561,263 |
|
Goodwill |
|
|
10,870 |
|
|
10,870 |
|
Other intangible assets, net |
|
|
510 |
|
|
1,312 |
|
Deferred compensation plan assets |
|
|
43,516 |
|
|
35,382 |
|
Other long-term assets |
|
|
58,732 |
|
|
43,007 |
|
Total assets |
|
$ |
5,707,011 |
|
$ |
5,370,411 |
|
|
|
|
|
|
|
|
|
Liabilities and stockholders’ equity |
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
Accounts payable |
|
$ |
544,001 |
|
$ |
559,527 |
|
Accrued liabilities |
|
|
382,468 |
|
|
444,278 |
|
Deferred revenue |
|
|
436,591 |
|
|
394,677 |
|
Current operating lease liabilities |
|
|
283,821 |
|
|
283,293 |
|
Accrued income taxes |
|
|
11,310 |
|
|
— |
|
Total current liabilities |
|
|
1,658,191 |
|
|
1,681,775 |
|
|
|
|
|
|
|
|
|
Non-current operating lease liabilities |
|
|
1,627,271 |
|
|
1,619,883 |
|
Deferred income taxes |
|
|
85,921 |
|
|
55,346 |
|
Other long-term liabilities |
|
|
56,300 |
|
|
53,596 |
|
Total liabilities |
|
|
3,427,683 |
|
|
3,410,600 |
|
|
|
|
|
|
|
|
|
Commitments and contingencies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total stockholders’ equity |
|
|
2,279,328 |
|
|
1,959,811 |
|
Total liabilities and stockholders’ equity |
|
$ |
5,707,011 |
|
$ |
5,370,411 |
|
Exhibit 4
Ulta Beauty, Inc.
Condensed Consolidated Statements of Cash Flows
(In thousands)
|
|
53 Weeks Ended |
|
52 Weeks Ended |
||
|
|
February 3, |
|
January 28, |
||
|
|
2024 |
|
2023 |
||
|
|
(Unaudited) |
|
|
||
Operating activities |
|
|
|
|
|
|
Net income |
|
$ |
1,291,005 |
|
$ |
1,242,408 |
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
|
Depreciation and amortization |
|
|
243,840 |
|
|
241,372 |
Non-cash lease expense |
|
|
332,754 |
|
|
301,912 |
Deferred income taxes |
|
|
30,575 |
|
|
15,653 |
Stock-based compensation expense |
|
|
48,246 |
|
|
43,044 |
Loss on disposal of property and equipment |
|
|
11,419 |
|
|
6,688 |
Change in operating assets and liabilities: |
|
|
|
|
|
|
Receivables |
|
|
(8,517) |
|
|
34,260 |
Merchandise inventories |
|
|
(138,685) |
|
|
(104,233) |
Prepaid expenses and other current assets |
|
|
14,648 |
|
|
(19,432) |
Income taxes |
|
|
45,367 |
|
|
(45,182) |
Accounts payable |
|
|
(20,873) |
|
|
8,309 |
Accrued liabilities |
|
|
(62,238) |
|
|
48,249 |
Deferred revenue |
|
|
41,914 |
|
|
41,098 |
Operating lease liabilities |
|
|
(338,105) |
|
|
(324,500) |
Other assets and liabilities |
|
|
(15,084) |
|
|
(7,731) |
Net cash provided by operating activities |
|
|
1,476,266 |
|
|
1,481,915 |
|
|
|
|
|
|
|
Investing activities |
|
|
|
|
|
|
Capital expenditures |
|
|
(435,267) |
|
|
(312,126) |
Other investments |
|
|
(6,158) |
|
|
(2,458) |
Net cash used in investing activities |
|
|
(441,425) |
|
|
(314,584) |
|
|
|
|
|
|
|
Financing activities |
|
|
|
|
|
|
Borrowings from credit facility |
|
|
195,400 |
|
|
— |
Payments on credit facility |
|
|
(195,400) |
|
|
— |
Repurchase of common shares |
|
|
(995,738) |
|
|
(900,033) |
Stock options exercised |
|
|
12,176 |
|
|
46,011 |
Purchase of treasury shares |
|
|
(22,562) |
|
|
(6,992) |
Net cash used in financing activities |
|
|
(1,006,124) |
|
|
(861,014) |
|
|
|
|
|
|
|
Net increase in cash and cash equivalents |
|
|
28,717 |
|
|
306,317 |
Cash and cash equivalents at beginning of year |
|
|
737,877 |
|
|
431,560 |
Cash and cash equivalents at end of year |
|
$ |
766,594 |
|
$ |
737,877 |
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 2023 |
|
quarter |
|
quarter |
|
quarter |
|
end of the quarter |
1st Quarter |
|
1,355 |
|
5 |
|
1 |
|
1,359 |
2nd Quarter |
|
1,359 |
|
3 |
|
0 |
|
1,362 |
3rd Quarter |
|
1,362 |
|
12 |
|
0 |
|
1,374 |
4th Quarter |
|
1,374 |
|
13 |
|
2 |
|
1,385 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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 2023 |
|
the quarter |
|
quarter |
|
during the quarter |
|
quarter |
1st Quarter |
|
14,200,403 |
|
54,495 |
|
9,984 |
|
14,244,914 |
2nd Quarter |
|
14,244,914 |
|
27,530 |
|
0 |
|
14,272,444 |
3rd Quarter |
|
14,272,444 |
|
133,421 |
|
0 |
|
14,405,865 |
4th Quarter |
|
14,405,865 |
|
132,464 |
|
22,736 |
|
14,515,593 |
Exhibit 6
Ulta Beauty, Inc.
Sales by Category
The following tables set forth the approximate percentage of net sales by primary category:
|
|
|
|
|
|
|
14 Weeks Ended |
|
13 Weeks Ended |
|
|
February 3, |
|
January 28, |
|
2024 |
|
2023 |
|
Cosmetics |
|
|
|
|
Skincare |
|
|
|
|
Haircare products and styling tools |
|
|
|
|
Fragrance and bath |
|
|
|
|
Services |
|
|
|
|
Accessories and other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
53 Weeks Ended |
|
52 Weeks Ended |
|
|
February 3, |
|
January 28, |
|
|
2024 |
|
2023 |
Cosmetics |
|
|
|
|
Skincare |
|
|
|
|
Haircare products and styling tools |
|
|
|
|
Fragrance and bath |
|
|
|
|
Services |
|
|
|
|
Accessories and other |
|
|
|
|
|
|
|
|
|
View source version on businesswire.com: https://www.businesswire.com/news/home/20240314247150/en/
Investor Contact:
Kiley Rawlins, CFA
Vice President, Investor Relations
krawlins@ulta.com
Media Contact:
Crystal Carroll
Senior Director, Public Relations
ccarroll@ulta.com
Source: Ulta Beauty
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