Ulta Beauty said net sales increased $122.5 million, or 4.5%, to $2.8 billion for the 13 weeks ended May 3, 2025. Comparable sales rose 2.9%, driven by a 2.3% increase in average ticket and a 0.6% increase in transactions, the company said.

10-QQuarterly reportFiled May 29, 2025Period of report May 3, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Ulta Beauty said net sales increased $122.5 million, or 4.5%, to $2.8 billion for the 13 weeks ended May 3, 2025. Comparable sales rose 2.9%, driven by a 2.3% increase in average ticket and a 0.6% increase in transactions, the company said.
The company said gross profit increased $44.4 million to $1.11 billion for the 13 weeks, with gross profit as a percentage of net sales at 39.1%, compared to 39.2% in the prior-year period. SG&A expenses were $710.6 million, representing 24.9% of net sales compared to 24.4% in the prior-year period.
The company said net income for the 13 weeks was $305.1 million, down from $313.1 million in the prior-year period. It cited increases in SG&A expenses of $44.7 million, income tax expense of $4.9 million, and a decrease in net interest income of $3.4 million as factors, partially offset by an increase in gross profit of $44.4 million.
As of May 3, 2025, Ulta Beauty had cash and cash equivalents of $454.6 million, compared to $703.2 million as of February 1, 2025, and had no outstanding borrowings under its credit facility. The company cited an increase in share repurchases as a factor in the increase in net cash used in financing activities.

Key figures

Quarter ended May 3, 2025

Revenue: $2.8B
Operating income: $402M
Net income: $305M
EPS: $6.70
Gross profit: $1.1B
Operating cash flow: $220M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Net sales and comparable sales growth

Ulta Beauty said net sales increased $122.5 million, or 4.5%, to $2.8 billion for the 13 weeks ended May 3, 2025. Comparable sales rose 2.9%, driven by a 2.3% increase in average ticket and a 0.6% increase in transactions, the company said.

Source · Based on the MD&A text of the filing

Gross profit margin and SG&A ratio changes

The company said gross profit increased $44.4 million to $1.11 billion for the 13 weeks, with gross profit as a percentage of net sales at 39.1%, compared to 39.2% in the prior-year period. SG&A expenses were $710.6 million, representing 24.9% of net sales compared to 24.4% in the prior-year period.

Source · Based on the MD&A text of the filing

Net income decline and company explanation

The company said net income for the 13 weeks was $305.1 million, down from $313.1 million in the prior-year period. It cited increases in SG&A expenses of $44.7 million, income tax expense of $4.9 million, and a decrease in net interest income of $3.4 million as factors, partially offset by an increase in gross profit of $44.4 million.

Source · Based on the MD&A text of the filing

Cash position and borrowing status

As of May 3, 2025, Ulta Beauty had cash and cash equivalents of $454.6 million, compared to $703.2 million as of February 1, 2025, and had no outstanding borrowings under its credit facility. The company cited an increase in share repurchases as a factor in the increase in net cash used in financing activities.

Source · Based on the MD&A text of the filing

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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