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Feb 01
Ulta Q4 2024 Earnings Report
Ulta reported a slight revenue decline but exceeded profitability expectations in Q4 FY24.
Key Takeaways
Ulta Beauty reported net sales of $3.49 billion, reflecting a 1.9% YoY decline due to the prior year's extra week. Comparable sales increased by 1.5%, supported by higher average ticket size. Net income remained stable, while diluted EPS increased to $8.46. The company continued expansion, adding 8 net new stores during the quarter.
Net sales reached $3.49 billion, down 1.9% YoY due to the prior year's extra week.
Comparable sales increased 1.5%, driven by a 3.0% rise in average ticket size.
Diluted EPS increased to $8.46, up from $8.08 in Q4 FY23.
Ulta added 8 net new stores, bringing the total to 1,445 locations.
Ulta
Ulta
Ulta Revenue by Segment
Revenue by Segment
Cosmetics Revenue
CapyFin.comSkincare and Wellness Revenue
CapyFin.comHaircare Revenue
CapyFin.comFragrance Revenue
CapyFin.comServices Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Ulta Beauty expects modest revenue growth in FY25, with continued store expansion and investments in long-term growth initiatives.
Positive Outlook
- Net sales projected between $11.5 billion and $11.6 billion.
- Comparable sales expected to range between 0% and 1%.
- Approximately 60 new stores planned for FY25.
- Operating margin projected between 11.7% and 11.8%.
- Diluted EPS guidance set between $22.50 and $22.90.
Challenges Ahead
- Macroeconomic uncertainty may impact consumer spending.
- Higher costs related to strategic investments could pressure margins.
- Ongoing supply chain challenges may affect inventory management.
- Potential impact from competitive pricing strategies in the beauty retail sector.
- Increased SG&A expenses due to planned investments in store and digital operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income