secwatch.observer — SEC 8-K summary
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Issuer:     Ulta Beauty, Inc. (ULTA)
CIK:        0001403568
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0001558370-24-008776
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1403568/000155837024008776/0001558370-24-008776-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1403568/000155837024008776/ulta-20240530x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-008776

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