Ulta Beauty Inc

NAS:ULTAConsumer CyclicalCBOE:SPESGNASDAQ:INDS

$591.62−0.22%At closeAt close · Tue 20 Oct · ≈ AED 2,172.72 · Market cap $25.3B · Next earnings Thu 3 Dec · Extended $590.00 −0.27%

USD billions	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	TTM	YoY
Revenue	6.2	8.6	10.2	11.2	11.3	12.4	13.0	+4.5%
Cost of revenue	4.2	5.3	6.2	6.8	6.9	7.5	7.9	+4.2%
Gross profit	1.9	3.4	4.0	4.4	4.4	4.8	5.1	+5.1%
Research & development	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Selling, general & administrative	1.6	2.1	2.4	2.7	2.8	3.3	—	—
Selling & marketing	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Operating expenses	1.6	2.1	2.4	2.7	2.8	3.3	—	—
Operating income	0.3	1.3	1.6	1.7	1.6	1.5	1.6	+4.2%
Interest expense	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Interest income	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Other income / expense	(0.1)	0.0	(0.0)	0.0	0.0	(0.0)	—	—
Pre-tax income	0.2	1.3	1.6	1.7	1.6	1.5	1.6	+4.8%
Income tax	0.1	0.3	0.4	0.4	0.4	0.4	0.4	+3.8%
Net income	0.2	1.0	1.2	1.3	1.2	1.2	1.2	+4.9%
Discontinued operations	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Other net income adjustments	0.0	0.0	0.0	0.0	0.0	(0.0)	—	—
EPS, basic (per share)	3.12	18.09	24.17	26.18	25.44	25.72	27.56	+7.1%
EPS, diluted (per share)	3.11	17.98	24.01	26.03	25.34	25.64	27.44	+7.0%
EBITDA	0.5	1.6	1.9	1.9	1.8	1.8	1.9	+5.6%
Depreciation & amortization	0.3	0.3	0.2	0.2	0.3	0.3	0.3	+6.5%
Weighted average shares (shares)	56,351,000	54,482,000	51,403,000	49,304,000	47,207,000	44,842,000	—	—
Weighted average diluted shares (shares)	56,558,000	54,841,000	51,738,000	49,596,000	47,404,000	44,991,000	—	—
Gross margin	31.7%	39.0%	39.6%	39.1%	38.8%	39.1%	39.3%	+0.2 pts
Operating margin	5.1%	14.5%	16.2%	15.0%	14.0%	12.5%	12.5%	−0.0 pts
Net margin	2.9%	11.4%	12.2%	11.5%	10.6%	9.3%	9.3%	+0.0 pts