Ulta Beauty Full Year 2024 Earnings: EPS Beats Expectations
Ulta Beauty (NASDAQ:ULTA) Full Year 2024 Results
Key Financial Results
Revenue: US$11.2b (up 9.8% from FY 2023).
Net income: US$1.29b (up 3.9% from FY 2023).
Profit margin: 12% (in line with FY 2023).
EPS: US$26.19 (up from US$24.17 in FY 2023).
ULTA Sales Performance
Like-for-like sales growth: 5.7% vs FY 2023.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ulta Beauty EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.1%.
In the last 12 months, the only revenue segment was One-Stop Shopping contributing US$11.2b. Notably, cost of sales worth US$6.83b amounted to 61% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$2.70b (87% of total expenses). Explore how ULTA's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in the US.
Performance of the American Specialty Retail industry.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Ulta Beauty's balance sheet and an in-depth analysis of the company's financial position.
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