Ulta Q1 net sales $2.63B (+12.3% YoY), EPS $6.88 vs $6.30; raises FY23 revenue guidance

Ulta Beauty, Inc.

2023-Q1 EPS reported $6.88 revenue$2,634,263,000

Comparable sales +9.3% (prior Q1 +18.0%) driven by 11.0% transaction growth partially offset by 1.5% lower average ticket.
Operating margin 16.8% vs 18.7% YoY; FY23 operating margin guidance narrowed to 14.5%-14.8% from 14.7%-15.0%.
FY23 net sales guidance raised to $11.0B-$11.1B (prior $10.95B-$11.05B); EPS unchanged at $24.70-$25.40.
Repurchased 541,108 shares for $285.8M in Q1; $816.5M remaining under $2B buyback program.
Inventory increased to $1.75B vs $1.57B a year ago due to higher demand, product cost increases, and 41 net new stores.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ulta Beauty, Inc. reported fiscal year 2023 results: revenue $11.0 billion to $11.1 billion, EPS $24.70 to $25.40.

Period: fiscal year 2023
Revenue: $11.0 billion to $11.1 billion
EPS: $24.70 to $25.40
Result: guidance update

Exact text from the filing

The Company has updated its outlook for fiscal 2023. Prior FY23 Outlook Updated FY23 Outlook Net sales $10.95 billion to $11.05 billion $11.0 billion to $11.1 billion Comparable sales 4% to 5% no change New stores, net 25-30 no change Remodel and relocation projects 20-30 no change Operating margin 14.7% to 15.0% 14.5% to 14.8% Diluted earnings per share $24.70 to $25.40 no change

View on SEC.gov

309 earnings releases filed in the last 30 days. Browse all earnings releases →

Ulta Beauty, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-010462

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.