Categories AlphaGraphs, Consumer, Earnings
Ulta Beauty (ULTA) reports double-digit growth in Q4 sales and earnings
Ulta Beauty, Inc. (NASDAQ: ULTA) has reported a sharp increase in sales and net income for the fourth quarter of 2023 when the beauty store chain’s comparable store sales increased modestly. The company also provided guidance for fiscal 2024.
At $3.55 billion, fourth-quarter net sales were up 10% from the prior-year period. Comparable store sales increased by 2.5% during the three months.
Net income moved up to $394.4 million or $8.08 per share in the January quarter from $340.75 million or $6.68 per share in the same period of 2022. The management expects full-year 2024 sales to be in the range of $11.7 billion to $11.7 billion.
“While we are mindful the near-term macro environment remains dynamic, we are optimistic about the resiliency of the beauty category, energized by the growth opportunities ahead of us, and confident in our ability to deliver for our guests and our shareholders,” said Dave Kimbell, chief executive officer of Ulta Beauty.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
After a weak first half, will NIKE (NKE) hit the recovery path this year?
After a prolonged slowdown, NIKE, Inc. (NYSE: NKE) is working on a turnaround plan to regain the brand’s strength. In recent years, the sneaker giant’s overall performance has not been
Important takeaways from Paychex’s (PAYX) Q2 2025 earnings report
Paychex Inc. (NASDAQ: PAYX), a leading provider of human resources and payroll services, reported better-than-expected revenue and profit for the second quarter of fiscal 2025, sending the stock higher soon
Lamb Weston’s (LW) challenges may not end soon, a few points to note
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) turned red in mid-day trade on Friday. The stock has dropped 19% in the past one month. The company delivered disappointing results
