The company said net sales for the thirteen-week period Q1 ended May 4, 2024 were $2,725.8 million, compared with $2,634.3 million a year earlier, up 3.5%, comparable sales rose 1.6%, and net income was $313.1 million.

1. 01

   The company said net sales for the thirteen-week period Q1 ended May 4, 2024 were $2,725.8 million, compared with $2,634.3 million a year earlier, up 3.5%, comparable sales rose 1.6%, and net income was $313.1 million.

2. 02

   Ulta Beauty said gross profit margin for Q1 was 39.2%, down from 40.0% a year earlier, SG&A expenses rose 8.8% to $665.9 million, and operating margin fell to 14.7% from 16.8% a year earlier.

3. 03

   The company said it adjusted its full-year net sales outlook to $11.5 billion to $11.6 billion from the prior $11.7 billion to $11.8 billion, and its diluted earnings per share outlook to $25.20 to $26.00 from $26.20 to $27.00.

4. 04

   Ulta Beauty said operating cash flow for Q1 was $159,340 thousand, down from $304,901 thousand a year earlier, and it repurchased 588,004 shares for $285.1 million. As of May 4, 2024, $1.8 billion remained under the $2.0 billion program.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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