Ulta Beauty, Inc.

10-K & 10-Q Filings

Ulta Beauty is the largest specialty beauty retailer in the United States, offering a wide range of beauty products and services. The company's business strategy includes expanding its market leadership by engaging and delighting beauty enthusiasts with a curated, differentiated, inclusive assortment, evolving the omnichannel experience, expanding its presence across the beauty journey, driving operational excellence and optimization, and expanding its environmental and social impact. Ulta Beauty operates in the $181 billion U.S. beauty products and salon services industry, with a focus on prestige and mass beauty products and salon services. The company operates over 1,300 stores and has a strong online presence through its website and mobile applications. Ultra Beauty's website is ulta.com and its ticker symbol is ULTA.

12 mos ending Jan 28, 201212 mos ending Feb 02, 201312 mos ending Feb 01, 201412 mos ending Jan 30, 201612 mos ending Jan 28, 201712 mos ending Feb 03, 201812 mos ending Feb 02, 201912 mos ending Feb 01, 202012 mos ending Jan 30, 202112 mos ending Jan 29, 202212 mos ending Jan 28, 202312 mos ending Feb 03, 2024CAGR %YoY %Revenue (+)
$1776.15
2220.26
2670.69
3925.26
4855.63
5886.07
6716.61
7398.07
6151.95
8630.89
10208.58
11207.30
18.23%9.78%Cost of Revenue (-)
$1159.31
1436.58
1729.33
2539.78
3107.51
3787.70
4307.30
4717.00
4202.79
5262.34
6164.07
6826.20
17.49%10.74%Gross Profit (+)
$616.84
783.67
941.25
1384.33
1747.23
2096.81
2409.31
2681.06
1949.16
3368.55
4044.51
4381.10
19.51%8.32%Selling, General & Administrative (-)
$410.66
488.88
596.39
863.35
1073.83
1287.23
1535.46
1760.72
1583.02
2061.55
2395.30
2694.56
18.65%12.49%Non-recurring Operating Expenses (-)
$
114.32
Operating Expenses (-)
$420.65
503.70
613.66
878.04
1092.40
1311.52
1555.23
1779.97
1712.34
2071.06
2405.90
2703.07
18.43%12.35%Costs & Expenses (Total) (-)
$1579.96
1940.28
2342.99
3417.82
4199.91
5099.22
5862.53
6496.97
5915.13
7333.40
8569.97
9529.27
17.75%11.19%Operating Income/Loss (+)
$196.19
279.98
327.59
506.30
654.82
785.29
854.08
901.09
236.82
1297.49
1638.61
1678.03
21.55%2.41%Interest Expense (-)
$0.59
0.18
-5.06
-5.06
5.74
1.66
-4.93
-17.62
-257.15%Earnings before Tax (+)
$195.61
279.79
327.71
507.44
655.71
786.86
859.14
906.15
231.09
1295.83
1643.54
1695.65
21.69%3.17%Tax Expense (-)
$75.34
107.24
124.86
187.43
245.95
231.63
200.58
200.21
55.25
309.99
401.14
404.65
16.51%0.88%Income/Loss (Continuing Operations) (+)
$120.26
172.55
202.85
320.01
409.76
555.23
658.56
705.94
175.84
985.84
1242.41
1291.01
24.08%3.91%Net Income/Loss (+)
$120.26
172.55
202.85
320.01
409.76
555.23
658.56
705.95
175.84
985.84
1242.41
1291.01
24.08%3.91%Net Income/Loss (Common) (+)
$120.26
172.55
202.85
320.01
409.76
555.23
658.56
705.95
175.84
985.84
1242.41
1291.01
24.08%3.91%EPS (Basic)
$1.96
2.73
3.17
5.00
6.55
9.02
11.00
12.21
3.12
18.09
24.17
26.18
26.57%8.32%EPS (Diluted)
$1.90
2.68
3.15
4.98
6.52
8.96
10.94
12.15
3.11
17.98
24.01
26.03
26.86%8.41%Weighted Avg Shares (Basic)
61.26
63.25
63.99
63.95
62.52
61.56
59.86
57.84
56.35
54.48
51.40
49.30
-1.95%-4.08%Weighted Avg Shares (Diluted)
63.33
64.40
64.46
64.28
62.85
61.98
60.18
58.10
56.56
54.84
51.74
49.60
-2.20%-4.14%Cash
$253.74
320.48
419.48
345.84
385.01
277.44
409.25
392.32
1046.05
431.56
737.88
766.59
10.57%3.89%Short-term Investments
$
130.00
30.00
120.00
110.00
Receivables
$26.15
41.52
47.05
64.99
88.63
99.72
136.17
139.34
193.11
233.68
199.42
207.94
20.74%4.27%Inventory
$244.65
361.13
457.93
761.79
943.98
1096.42
1214.33
1293.70
1168.21
1499.22
1603.45
1742.14
19.54%8.65%Prepaid Expenses (Current)
$43.43
50.45
55.99
72.55
88.62
100.16
155.11
119.95
107.40
116.72
168.55
119.85
9.67%-28.90%Other Assets (Current)
$12.26
15.76
22.25
Assets (Current)
$580.23
789.32
1002.70
1375.17
1536.24
1693.74
1914.86
2055.32
2514.78
2281.18
2709.30
2836.52
15.52%4.70%Property, Plant & Equipment (Net)
$376.99
483.06
595.74
847.60
1004.36
1189.45
1226.03
2743.09
2500.41
2396.73
2570.54
2756.86
19.83%7.25%Goodwill & Intangibles
$
15.19
14.26
13.33
12.41
12.18
11.38
-6.58%Other Assets
$
2.87
4.29
8.14
11.28
25.49
35.09
51.20
61.45
74.06
78.39
102.25
30.44%Assets (Non-current)
$376.99
485.93
600.03
855.75
1015.64
1214.94
1276.31
2808.55
2575.19
2483.20
2661.11
2870.49
20.27%7.87%Assets (Total)
$957.22
1275.25
1602.73
2230.92
2551.88
2908.69
3191.17
4863.87
5089.97
4764.38
5370.41
5707.01
17.62%6.27%Accounts Payable
$164.85
221.07
266.81
396.23
529.34
642.17
624.68
660.10
815.91
930.31
1003.81
937.78
17.12%-6.58%Debt (Current)
$
239.63
Other Liabilities (Current)
$
199.05
237.53
527.80
627.70
677.97
720.41
6.26%Liabilities (Current)
$164.85
221.07
266.81
396.23
529.34
642.17
823.74
1137.26
1343.71
1558.01
1681.78
1658.19
23.35%-1.40%Debt (Non-current)
$
1698.72
Other Liabilities
$207.66
267.24
332.82
391.81
472.32
492.30
547.22
125.80
1746.71
1671.00
1728.83
1769.49
21.50%2.35%Liabilities (Non-current)
$207.66
267.24
332.82
391.81
472.32
492.30
547.22
1824.52
1746.71
1671.00
1728.83
1769.49
21.50%2.35%Liabilities (Total)
$372.51
488.31
599.63
788.03
1001.66
1134.47
1370.95
2961.78
3090.42
3229.01
3410.60
3427.68
22.36%0.50%Treasury Stock
$7.42
7.49
8.13
11.69
14.52
18.77
24.91
34.45
37.80
53.48
60.47
83.03
24.56%37.31%Retained Earnings
$186.79
296.86
462.38
832.22
905.78
1093.45
1105.86
1128.48
1189.42
653.38
995.77
1286.77
19.18%29.22%AOCI
$
0.06
Shareholder's Equity
$584.70
786.94
1003.09
1442.89
1550.22
1774.22
1820.22
1902.09
1999.55
1535.37
1959.81
2279.33
13.17%16.30%Liabilities & Equity
$957.22
1275.25
1602.73
2230.92
2551.88
2908.69
3191.17
4863.87
5089.97
4764.38
5370.41
5707.01
17.62%6.27%Net Income/Loss
$120.26
172.55
202.85
320.01
409.76
555.23
658.56
705.95
175.84
985.84
1242.41
1291.01
24.08%3.91%Depreciation & Amortization
$75.93
88.23
106.28
165.05
210.29
252.71
279.47
295.60
297.77
268.46
241.37
243.84
11.19%1.02%Increase/Decrease in Working Capital
$-26.84
-2.44
-8.20
124.78
31.77
60.50
11.43
209.97
38.27
523.88
353.51
451.00
27.58%Share-based Compensation
$11.61
13.38
16.00
15.59
19.34
24.40
26.64
25.05
27.58
47.26
43.04
48.25
13.83%12.09%Adjustments to Reconcile Net Income
$100.62
66.45
124.88
55.87
224.92
224.13
297.57
395.35
634.52
73.43
239.51
185.26
5.71%-22.65%Net Cash (Operating)
$220.89
239.00
327.73
375.87
634.68
779.37
956.13
1101.29
810.36
1059.27
1481.91
1476.27
18.85%-0.38%Capital Expenditure
$128.64
188.58
226.02
299.17
373.75
440.71
335.11
361.48
158.75
172.19
312.13
435.27
11.72%39.45%Net Cash (Investing)
$-128.64
-188.58
-226.02
-278.96
-273.75
-530.71
-215.11
-471.48
-48.75
-176.48
-314.58
-441.43
-40.32%Increase/Decrease in Debt
$
Increase/Decrease in Equity
$-3.24
-0.08
-37.34
-167.40
-344.27
-351.97
-603.07
-637.20
-104.58
-1481.54
-854.02
-983.56
-15.17%Interest Expenses
$
6.99
2.13
2.14
3.33
55.61%Dividends Paid
$
62.48
Net Cash (Financing)
$50.30
16.31
-2.70
-140.22
-321.77
-356.22
-609.21
-646.74
-107.93
-1497.22
-861.01
-1006.12
-16.85%Cash Taxes Paid
$24.16
45.35
101.60
179.25
212.51
254.62
195.87
133.86
19.45
370.65
429.85
328.21
26.77%-23.64%Effect of Exchange Rate
$
0.06
-0.06
Increase/Decrease in Cash
$142.55
66.74
99.00
-43.31
39.17
-107.56
131.81
-16.93
653.73
-614.49
306.32
28.72
-13.55%-90.63%Cash (Beginning)
$111.19
320.48
389.15
345.84
385.01
277.44
409.25
392.32
1046.05
431.56
737.88
18.77%70.98%Cash (Ending)
$253.74
419.48
345.84
385.01
277.44
409.25
392.32
1046.05
431.56
737.88
766.59
10.57%3.89%NOPAT
$171.96
234.59
226.03
327.45
442.60
531.18
659.36
767.98
216.88
926.37
1210.05
1353.22
20.63%11.83%Gross Margin %
34.73%
35.30%
35.24%
35.27%
35.98%
35.62%
35.87%
36.24%
31.68%
39.03%
39.62%
39.09%
Operating Margin %
11.05%
12.61%
12.27%
12.90%
13.49%
13.34%
12.72%
12.18%
3.85%
15.03%
16.05%
14.97%
NOPAT Margin %
9.68%
10.57%
8.46%
8.34%
9.12%
9.02%
9.82%
10.38%
3.53%
10.73%
11.85%
12.07%
Net Margin %
6.77%
7.77%
7.60%
8.15%
8.44%
9.43%
9.80%
9.54%
2.86%
11.42%
12.17%
11.52%
Tax Rate %
12.35%
16.21%
31.00%
35.32%
32.41%
32.36%
22.80%
14.77%
8.42%
28.60%
26.15%
19.36%
ROA
17.96%
18.40%
14.10%
14.68%
17.34%
18.26%
20.66%
15.79%
4.26%
19.44%
22.53%
23.71%
ROE
29.41%
29.81%
22.53%
22.69%
28.55%
29.94%
36.22%
40.38%
10.85%
60.34%
61.74%
59.37%
ROIC
24.43%
25.03%
19.54%
19.30%
22.34%
25.04%
27.11%
19.57%
6.17%
26.88%
30.64%
31.42%
Asset Turnover
1.86
1.74
1.67
1.76
1.90
2.02
2.10
1.52
1.21
1.81
1.90
1.96
Inventory Turnover
4.74
3.98
3.78
3.33
3.29
3.45
3.55
3.65
3.60
3.51
3.84
3.92
Equity Multiplier
1.64
1.62
1.60
1.55
1.65
1.64
1.75
2.56
2.55
3.10
2.74
2.50
Current Ratio
3.52
3.57
3.76
3.47
2.90
2.64
2.32
1.81
1.87
1.46
1.61
1.71
Quick Ratio
1.70
1.64
1.75
1.36
0.95
0.77
0.66
0.56
0.92
0.43
0.56
0.59
Debt/Equity Ratio
1.02
Interest Coverage Ratio
33.89
608.58
766.42
504.37
Working Capital/Sales
0.18
0.20
0.21
0.22
0.20
0.16
0.18
0.16
0.16
0.12
0.13
0.14
Dividend Payout Ratio %
26.63%
Total Payout
$3.24
62.56
37.34
167.40
344.27
351.97
603.07
637.20
111.57
1483.67
856.16
986.89
68.21%15.27%Payout Ratio %
1.88%
26.67%
16.52%
51.12%
77.78%
66.26%
91.46%
82.97%
51.44%
160.16%
70.75%
72.93%