Ulta Beauty Q3 net sales up 6.4% to $2.49B, EPS $5.07; raises FY2023 guidance

Ulta Beauty, Inc.

2023-Q3 EPS reported $17.99 revenue$7,653,005,000

Net sales $2.49B (+6.4% YoY), comp sales +4.5% vs +14.6% last year.
Diluted EPS $5.07 vs $5.34 YoY; net income $249.5M vs $274.6M.
Gross margin contracted to 39.9% from 41.2% due to lower merchandise margin, higher shrink, and higher supply chain costs.
FY2023 outlook raised: net sales $11.1B-$11.15B, EPS $25.20-$25.60 (from $25.10); share repurchases increased to ~$950M.
Inventory up 9.8% to $2.3B; drew $195.4M on revolver for share buybacks and inventory growth.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Ulta Beauty, Inc. reported Q3 2023 results: revenue Net Sales of $2.5 Billion Compared to $2.3 Billion in the Year-Ago Quarter, net income Net Income of $249.5 Million or $5.07 Per Diluted Share, EPS $5.07.

Period: Q3 2023
Revenue: Net Sales of $2.5 Billion Compared to $2.3 Billion in the Year-Ago Quarter
Net income: Net Income of $249.5 Million or $5.07 Per Diluted Share
EPS: $5.07
Result: reported results

Exact text from the filing

ULTA BEAUTY ANNOUNCES THIRD QUARTER FISCAL 2023 RESULTS Net Sales of $2.5 Billion Compared to $2.3 Billion in the Year-Ago Quarter Comparable Sales Increased 4.5% Net Income of $249.5 Million or $5.07 Per Diluted Share

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Ulta Beauty, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-019391

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