---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-008776"
form_type: "8-K"
ticker: "ULTA"
cik: "0001403568"
company_name: "Ulta Beauty, Inc."
filed_at: "2024-05-30T23:59:59+00:00"
generated_at: "2026-06-01T07:21:58.885038+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ulta Beauty Q1 EPS $6.47, down 6% YoY; cuts FY24 guidance citing sustained headwinds

## Summary
- Q1 net sales $2.726B (+3.5% YoY); comp sales +1.6% vs +9.3% a year ago.
- Diluted EPS $6.47 vs $6.88; net income $313.1M down from $347.1M.
- Gross margin fell to 39.2% from 40.0% on lower merchandise margins and higher shrink.
- FY24 guidance lowered: net sales $11.5-11.6B, EPS $25.20-26.00, operating margin 13.7-14.0%.
- Repurchased 588k shares for $285M in Q1; $1.8B remaining under $2B buyback program.

## SEC filing metadata
- accession: 0001558370-24-008776
- form_type: 8-K
- ticker: ULTA
- cik: 0001403568
- company_name: Ulta Beauty, Inc.
- filed_at: 2024-05-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1403568/000155837024008776/0001558370-24-008776-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403568/000155837024008776/ulta-20240530x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-008776
- JSON: https://secwatch.observer/filing/0001558370-24-008776.json
- Plain text: https://secwatch.observer/filing/0001558370-24-008776.txt

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