$ULTA reports Q4 2022 net sales of $3.2B, exceeds $10B in full-year revenue
Mar 9th 2023, 9:06 pm
Analyst Summary: Ulta Beauty announced its Q4 fiscal 2022 results, ending on January 28, 2023, and reported net sales of $3.2 billion, a 15.6% increase from the previous year's quarter. The company's full-year revenue surpassed $10 billion, a significant milestone, and also exceeded one billion dollars in net income. CEO Dave Kimbell attributed this success to Ulta's highly differentiated model and outstanding teams. The company opened 47 new stores and remodeled 20 stores during the fiscal year. Ulta Beauty plans to continue expanding its leadership position, capturing market share gains, and driving long-term value for its stakeholders. The Company remains optimistic about the strength and resiliency of the beauty category. The company's management has endorsed forward-looking statements by expressing excitement about the opportunities ahead for the beauty category. The company repurchased 2.2 million shares of its common stock at a cost of $900.0 million and is committed to a $2.0 billion share repurchase program announced in March 2022. Ulta Beauty is optimistic about the future of the beauty category, with a highly differentiated model and opportunities for expansion.