PHILADELPHIA, PA - MAY 31: Molly Sims attends store opening of ULTA Beauty Philidelphia on May 31, ... [+] 2013 in Philadelphia, Pennsylvania. (Photo by Gilbert Carrasquillo/FilmMagic)FilmMagic Ulta Beauty Inc. scheduled to report earnings after Thursday’s close. The stock just hit a record high above $572 and is currently trading near that level. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can eas ...

Financial Performance - Net sales increased 10.2% to $3.6 billion compared to $3.2 billion in the year-ago quarter, driven by increased comparable sales and an extra week of sales[1][6] - Comparable sales increased 2.5% in Q4 2023, driven by a 4.5% increase in transactions and a 1.9% decrease in average ticket[6] - Net income increased 15.7% to $394.4 million, with diluted earnings per share rising 21.0% to $8.08[1][6] - Gross profit increased 10.6% to $1.3 billion, with gross profit margin improving to 37.7% from 37.6%[6] - Operating income increased 15.5% to $517.1 million, representing 14.5% of net sales[6] - Net sales for the 14 weeks ended February 3, 2024, were $3.55 billion, a 10.1% increase compared to $3.23 billion in the same period last year[24] - Gross profit for the 14 weeks ended February 3, 2024, was $1.34 billion, representing 37.7% of net sales, up from 37.6% in the prior year[24] - Net income for the 14 weeks ended February 3, 2024, was $394.37 million, an 11.1% increase compared to $340.75 million in the same period last year[24] - Net sales for the 53 weeks ended February 3, 2024, were $11.21 billion, a 9.8% increase compared to $10.21 billion in the prior year[26] - Gross profit for the 53 weeks ended February 3, 2024, was $4.38 billion, representing 39.1% of net sales, down from 39.6% in the prior year[26] - Net income for the 53 weeks ended February 3, 2024, was $1.29 billion, a 3.9% increase compared to $1.24 billion in the prior year[26] Inventory and Store Operations - Merchandise inventories increased 8.6% to $1.7 billion, primarily due to new brand launches and store openings[8] - The company plans to open 60-65 new stores and complete 40-45 remodel and relocation projects in fiscal 2024[17] - Total stores open at the end of the 4th quarter of fiscal 2023 were 1,385, with 13 new stores opened and 2 stores closed during the quarter[32] - Total gross square feet at the end of the 4th quarter of fiscal 2023 were 14,515,593, with 132,464 square feet added and 22,736 square feet lost during the quarter[32] Sales by Category - Cosmetics accounted for 39% of net sales in the 14 weeks ended February 3, 2024, down from 40% in the same period last year[30] - Skincare accounted for 18% of net sales in the 14 weeks ended February 3, 2024, up from 16% in the same period last year[30] Strategic Initiatives and Outlook - The company announced a joint venture with Axo to launch Ulta Beauty in Mexico in 2025[3] - Fiscal 2024 outlook projects net sales of $11.7 billion to $11.8 billion and comparable sales growth of 4% to 5%[17] Share Repurchases - Share repurchases totaled $1.0 billion in fiscal 2023, with a new $2.0 billion repurchase authorization approved[11][13]

Read CNBC's full investigation into the alleged organized theft groups that police say are stealing and reselling items from retailers including Ulta Beauty, T.J. Maxx and Walgreens.Faced with sophisticated organized retail crime rings that investigators say have targeted his company, Ulta Beauty CEO Dave Kimbell is laying some blame on e-commerce sites.In the first in-depth interview given by a retail CEO about organized theft, Kimbell responded to a monthslong CNBC investigation that showed how police bro ...

Investors are always looking for stocks that are poised to beat at earnings season and Ulta Beauty, Inc. (ULTA) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Ulta Beauty is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good ...

Ulta Beauty, Inc. (ULTA) is likely to register top and bottom-line growth when it reports fourth-quarter fiscal 2023 earnings on Mar 14. The Zacks Consensus Estimate for revenues is pegged at $3.52 billion, which indicates an increase of almost 9% from the $3.23 billion reported in the prior-year quarter.The consensus mark for earnings has risen by a penny in the past 30 days to $7.48 per share, which implies an increase of nearly 12% from the year-ago quarter’s figure. ULTA has a trailing four-quarter earn ...

Key PointsUlta Beauty can be your best value pick for the next decade, even after hitting an all-time high price. Following its fundamentals and impeccable financial strength, ULTA stock could become a mainstream pick in the investment community. Analysts on Wall Street see a double-digit upside that can be had in the next bull run higher.5 stocks we like better than TargetIt isn't often that you can find the type of stocks that would get Warren Buffett interested. But pushed by several tailwinds, Ulta Beau ...

Ulta Beauty (ULTA) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended January 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on March 14. ...

In the latest market close, Ulta Beauty (ULTA) reached $546.54, with a -0.63% movement compared to the previous day. This change lagged the S&P 500's 0.12% loss on the day. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 0.41%.The beauty products retailer's shares have seen an increase of 8.84% over the last month, surpassing the Retail-Wholesale sector's gain of 1.32% and the S&P 500's gain of 4.83%.The investment community will be closely monitoring th ...

In the latest trading session, Ulta Beauty (ULTA) closed at $556.32, marking a +1.19% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.38%. On the other hand, the Dow registered a loss of 0.16%, and the technology-centric Nasdaq decreased by 0.13%.The beauty products retailer's stock has climbed by 11.38% in the past month, exceeding the Retail-Wholesale sector's gain of 6.92% and the S&P 500's gain of 4.74%.The investment community will be paying close atte ...

The latest trading session saw Ulta Beauty (ULTA) ending at $541.29, denoting a +1.73% adjustment from its last day's close. The stock's change was more than the S&P 500's daily loss of 0.6%. Meanwhile, the Dow experienced a drop of 0.17%, and the technology-dominated Nasdaq saw a decrease of 0.92%.Heading into today, shares of the beauty products retailer had gained 11.57% over the past month, outpacing the Retail-Wholesale sector's gain of 5.07% and the S&P 500's gain of 3.56% in that time.The investment ...