---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-019391"
form_type: "8-K"
ticker: "ULTA"
cik: "0001403568"
company_name: "Ulta Beauty, Inc."
filed_at: "2023-11-30T23:59:59+00:00"
generated_at: "2026-06-07T19:49:50.830677+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-019391
- form_type: 8-K
- ticker: ULTA
- cik: 0001403568
- company_name: Ulta Beauty, Inc.
- filed_at: 2023-11-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1403568/000155837023019391/0001558370-23-019391-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403568/000155837023019391/ulta-20231130x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-019391
- JSON: https://secwatch.observer/filing/0001558370-23-019391.json
- Plain text: https://secwatch.observer/filing/0001558370-23-019391.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1403568/000155837023019391/0001558370-23-019391-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.