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Feb 01, 2025
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.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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