Table of Contents 60440 (Zip code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, par value $0.01 per share ULTA The NASDAQ Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended November 2, 2024 or ☐ Transition Report Pursuant to Section 13 ...

Financial Performance - Net sales for the third quarter of fiscal 2024 were $2.53 billion, a 1.7% increase from $2.49 billion in the same quarter last year[5] - Comparable sales increased by 0.6%, compared to a 4.5% increase in the prior year, driven by a 0.5% increase in transactions and a 0.1% increase in average ticket[5] - Gross profit was $1.0 billion, with a gross profit margin of 39.7%, down from 39.9% in the previous year[6] - Operating income was $318.5 million, or 12.6% of net sales, compared to 13.1% in the prior year[6] - Net income for the third quarter was $242.2 million, compared to $249.5 million in the same quarter last year[6] - Net sales for the 39 weeks ended November 2, 2024, reached $7,808,035, a 2.0% increase from $7,653,005 for the same period last year[23] - Gross profit margin decreased to 39.1% from 39.7% year-over-year, with gross profit amounting to $3,053,601 compared to $3,040,536[23] - Operating income for the 39 weeks was $1,048,651, representing a decline to 13.4% of net sales from 15.2% in the previous year[23] - Net income decreased to $807,848, or 10.3% of net sales, down from $896,636, which was 11.7% of net sales last year[23] - Basic net income per share was $17.00, down from $18.08 year-over-year, while diluted net income per share was $16.93 compared to $17.99[23] Expenses and Liabilities - Selling, general and administrative expenses rose to $682.3 million, representing 27.0% of net sales, up from 26.6%[6] - Total liabilities increased to $3,629,477 from $3,566,466, with current liabilities rising to $1,816,407 from $1,836,939[26] Store Operations - The company opened 28 new stores in the third quarter, bringing the total to 1,437 stores[11] - Total stores increased from 1,385 at the beginning of Fiscal 2024 to 1,437 by the end of the third quarter, with a net addition of 52 stores during the year[31] - Total gross square feet increased from 14,515,593 at the beginning of Fiscal 2024 to 15,020,825 by the end of the third quarter, reflecting an increase of 505,232 square feet[31] - In the third quarter, 258,320 gross square feet were added from new or expanded stores, while 20,083 square feet were closed[31] Inventory and Cash Flow - Merchandise inventories increased by 1.9% to $2.4 billion, primarily due to the addition of 63 net new stores since the end of the previous fiscal year[8] - Total current assets increased to $2,954,862 from $2,792,040, with merchandise inventories rising to $2,365,186 from $2,321,306[26] - Cash and cash equivalents at the end of the period were $177,782, a decrease from $121,811 at the end of the previous year[28] - Net cash provided by operating activities was $302,041, down from $358,011 in the prior year[28] - Capital expenditures for the period were $300,536, slightly lower than $311,030 in the previous year[28] Shareholder Actions - The company repurchased 731,458 shares at a cost of $267.0 million during the third quarter, with $2.9 billion remaining under the share repurchase program[10] Sales Composition - For the week ended October 28, 2023, cosmetics accounted for 42% of net sales, while skincare represented 22%[34] - Haircare sales contributed 21% to net sales for the week ended October 28, 2023, showing a slight decrease from the previous year[34] - Fragrance and services maintained their contributions at 9% and 4% respectively for the week ended October 28, 2023[34] - The company reclassified certain sales departments to align with current year presentation, impacting the categorization of the bath category[34] Outlook - For fiscal 2024, the updated outlook for net sales is between $11.1 billion and $11.2 billion, with diluted earnings per share projected to be between $23.20 and $23.75[13]

Ulta Beauty, Inc. (ULTA) is likely to register a top and bottom-line decline when it reports third-quarter fiscal 2024 earnings on Dec. 5. The Zacks Consensus Estimate for revenues is pegged at $2.48 billion, implying a 0.3% decrease from the prior-year quarter’s reported figure. The consensus mark for earnings has remained unchanged in the past 30 days at $4.45 per share, indicating a 12.2% decline from the figure reported in the year-ago quarter. ULTA has a trailing four-quarter earnings surprise of nearl ...

Wall Street analysts expect Ulta Beauty (ULTA) to post quarterly earnings of $4.45 per share in its upcoming report, which indicates a year-over-year decline of 12.2%. Revenues are expected to be $2.48 billion, down 0.3% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a ...

Key TakeawaysE.l.f. and Ulta Beauty prices fell Monday morning while the broader market rose, but then reversed their trajectory.Ulta drew more shoppers this Black Friday than it did last year, unlike other health and beauty stores, according to RetailNext and Placer.ai.Ulta is scheduled to report its latest quarterly results tomorrow afternoon. Cosmetic companies' stocks had a colorful morning Monday, with their shares moving in various directions as investors digested preliminary Black Friday data. Share ...

Core Insights - Warren Buffett, known as the 'Oracle of Omaha', is a value investor who typically invests in businesses with attractive valuations and competitive advantages [1] - Berkshire Hathaway has been a net seller of stocks for the last eight quarters, maintaining a significant cash reserve [1] - Buffett's recent decision to significantly reduce his stake in Ulta Beauty may be seen as a potential misstep, especially as the stock has recently surged [1][3] Company Analysis - Berkshire Hathaway first invested in Ulta Beauty in Q2 2024, acquiring 690,106 shares when the stock was priced between $439 and $376 [3] - In Q3 2024, Buffett reduced his stake by 96%, retaining only 24,203 shares, while Ulta Beauty's stock traded between $412 and $322 during that quarter [3] - The upcoming earnings call for Ulta Beauty on December 5 is highly anticipated, especially following Bath & Body Works' strong earnings report, which may influence Ulta's stock performance [3]

Ulta Beauty Inc (NASDAQ:ULTA) stock is leading the S&P 500 Index (SPX) today ahead of the cosmetics retailer's third-quarter results, which are due out after the market closes on Thursday, Dec. 5. e,l.f Beauty Inc's (NYSE:ELF) fiscal second-quarter report is not far behind, scheduled for release after the market closes on Friday, Dec. 6. Both events could have implications for sector peer Estee Lauder Companies Inc (NYSE:EL), making this an excellent time to check in with these three beauty industry giants. ...

Beating the market is my one and only objective. If I can't make a case for a stock to beat the S&P's historical return of 7-8% per year, I won't buy it. And wouldn't recommend you do either.I'm primarily a GARP investor with a strong focus on fundamentals. I cater to consumer discretionary stocks because these are within my circle of competence. I cover the occasional tech stock if I understand the business and/or am a paying customer.I love researching companies, analyzing financial statements, listening ...

Ulta Beauty (ULTA) closed at $360.47 in the latest trading session, marking a -0.6% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.57%. On the other hand, the Dow registered a gain of 0.28%, and the technology-centric Nasdaq increased by 0.63%.Shares of the beauty products retailer have depreciated by 4.59% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 6.19% and the S&P 500's gain of 3.15%.The upcoming earnings release of ...

Well, that wasn't long.Just one quarter after Warren Buffett's Berkshire Hathaway bought more than $266 million worth of Ulta Beauty (ULTA -4.60%) stock, the conglomerate dumped nearly all of that stake in the third quarter this year, selling more than 95% of its shares.The move was surprising for those who follow Buffett. The Oracle of Omaha is known as a long-term investor, having said, "Our favorite holding period is forever" when the right conditions are met. He has held some stocks for decades, includi ...