Press release
Ulta Beauty Announces First Quarter Fiscal 2025 Results
Net Sales Increased 4.5% to $2.8 Billion Comparable Sales Increased 2.9% Net Income of $305.1 Million or $6.70 Per Diluted Share Company Updates Fiscal 2025
About this update from Ulta Beauty, Inc.
[{"type":"text","content":"\nNet Sales Increased 4.5% to $2.8 Billion\nComparable Sales Increased 2.9%\nNet Income of $305.1 Million or $6.70 Per Diluted Share\nCompany Updates Fiscal 2025 Guidance\n\n\n BOLINGBROOK, Ill.--(BUSINESS WIRE)--\nUlta Beauty, Inc. (NASDAQ: ULTA) today announced financial results for the thirteen-week period (“first quarter”) ended May 3, 2025.\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n13 Weeks Ended\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nMay 3,\n\n\n\n\n\n\n \n\n\n\n\n\n\nMay 4,\n\n\n\n\n\n\n\n\n(Dollars in millions, except per share data)\n\n\n\n\n\n\n\n2025\n\n\n\n\n\n\n \n\n\n\n\n\n\n2024\n\n\n\n\n\n\n\n\nNet sales\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n2,848.4\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n2,725.8\n\n\n\n\n\n\n\n\nComparable sales\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n2.9%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n1.6%\n\n\n\n\n\n\n\n\nGross profit (as a percentage of net sales)\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n39.1%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n39.2%\n\n\n\n\n\n\n\n\nSelling, general and administrative expenses\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n710.6\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n665.9\n\n\n\n\n\n\n\n\nOperating income (as a percentage of net sales)\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n14.1%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n14.7%\n\n\n\n\n\n\n\n\nDiluted earnings per share\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n6.70\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n6.47\n\n\n\n\n\n\n\n\nNew store openings, net\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n6\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n10\n\n\n\n\n\n\n\n“Fiscal 2025 is off to an encouraging start with stronger-than-expected performance. Our Ulta Beauty Unleashed plan is resonating with guests, energizing our team, and fueling growth,\" said Kecia Steelman, president and chief executive officer. \"The operating environment is fluid, and our outlook reflects uncertainty around how consumer demand could evolve. We believe our model uniquely positions us to win, and we will continue to focus on serving our guests while staying agile as we move through the year.\"\n\n\nFirst Quarter of Fiscal 2025 Compared to First Quarter of Fiscal 2024\n\n\n\nNet sales increased 4.5% to $2.8 billion compared to $2.7 billion, primarily due to increased comparable sales and new store contribution,...