ULTA BEAUTY Reports Q2 Earnings Results for Fiscal Year 2024
August 27, 2023
☀️Earnings Overview
On August 24 2023, ULTA BEAUTY ($NASDAQ:ULTA) reported its earnings results for the second quarter of its fiscal year 2024, ending on July 31 2023. The total revenue for this quarter was USD 2529.8 million, an increase of 10.1% from the same period in the previous year. Net income also showed a growth, increasing by 1.5% from the year before to USD 300.1 million.
Price History
On Thursday, ULTA BEAUTY reported its financial results for the second quarter of its fiscal year 2024. ULTA BEAUTY’s stock opened at $435.8 and closed the day at $422.7, a 3.5% decrease from its previous closing price of $438.0. In response to the earnings report, ULTA BEAUTY’s CEO Mary Dillon said, “We are pleased to report another solid quarter of financial performance and continued momentum in our core beauty and skincare categories.” She added, “We remain focused on delivering our differentiated guest experience both in stores and online to drive long-term growth and value creation.” Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ulta Beauty. More…
| Total Revenues | Net Income | Net Margin |
| 10.73k | 1.26k | 11.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ulta Beauty. More…
| Operations | Investing | Financing |
| 1.37k | -399.27 | -1.02k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ulta Beauty. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.25k | 3.2k | 41.59 |
Key Ratios Snapshot
Some of the financial key ratios for Ulta Beauty are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.9% | 56.7% | 15.3% |
| FCF Margin | ROE | ROA |
| 9.1% | 50.5% | 19.6% |
Analysis
At GoodWhale, we recently performed an analysis of ULTA BEAUTY‘s wellbeing. Upon review, we have classified ULTA BEAUTY as a medium risk investment for both financial and business aspects. Furthermore, we have identified two risk warnings within the balance sheet, which are non-financial in nature. To understand more about the risks associated with investing in ULTA BEAUTY, become a registered user on our platform to take a deeper dive into the data. More…
Peers
The beauty industry is a competitive one, with many different companies vying for market share. Ulta Beauty Inc is one of the leading companies in the industry, and it competes with HOUSE OF ROSE Co Ltd, Victoria’s Secret & Co, and AllDay Marts Inc, among others. Each company has its own strengths and weaknesses, and it is up to the consumer to decide which company they want to purchase from.
– HOUSE OF ROSE Co Ltd ($TSE:7506)
HOUSE OF ROSE Co Ltd is a Japanese company that manufactures and sells cosmetics and skincare products. The company has a market capitalization of 7.55 billion as of 2022 and a return on equity of 4.52%. The company’s products are sold in Japan and overseas, and its products are popular among Japanese women. The company’s products include facial cleansers, makeup removers, toners, moisturizers, and sunscreens. The company’s products are known for their quality and efficacy.
– Victoria’s Secret & Co ($NYSE:VSCO)
Victoria’s Secret is an American retailer of lingerie, clothing, and beauty products. It is the largest retailer of lingerie in the United States and has been described as the “leading retailer of lingerie” in the United States. The company’s products are sold through its website, catalogs, and stores.
Victoria’s Secret was founded in 1977 by Roy Raymond, who was unhappy with the options available to him when he tried to purchase lingerie for his wife. The company was acquired by Limited Brands in 2007.
Victoria’s Secret has a market cap of 2.92B as of 2022. The company’s return on equity is 165.61%. Victoria’s Secret is the largest retailer of lingerie in the United States and has been described as the “leading retailer of lingerie” in the United States. The company’s products are sold through its website, catalogs, and stores.
– AllDay Marts Inc ($PSE:ALLDY)
AllDay Marts Inc is a publicly traded company with a market cap of 6.29B as of 2022. The company has a Return on Equity of 3.27%. AllDay Marts Inc is a grocery store chain that operates in the United States. The company was founded in 1967 and is headquartered in California.
Summary
Ulta Beauty, a leading American beauty retailer, recently reported their financial results for the second quarter of fiscal year 2024. Total revenue for the quarter was reported at USD 2529.8 million, with a 10.1% increase from the same period in the previous year. Net income increased by 1.5% to USD 300.1 million. Upon release of this report, the company’s stock price experienced a dip.
This may be indicative of investor unease due to the relatively small net income increase compared to the large revenue increase, or due to other factors. It’s important for investors to keep an eye on any further news and developments regarding this stock in order to make an informed decision about whether Ulta Beauty is a good investment opportunity.
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