Ulta Beauty (ULTA) FY2023 results: revenue $11.2 billion, up 9.8% on the year
Ulta Beauty, Inc. (ULTA) reported revenue of $11.2 billion for fiscal 2023, the year ended 3 February 2024, up 9.8% on the year before. Net income was $1.3 billion, up 3.9%, and diluted earnings per share $26.03. The figures are the company's own, from the 10-K it filed with the SEC on 26 March 2024.
Revenue
$11.2 billion
+9.8% on the year
FY2016FY2023
Operating margin
15.0%
16.1% a year earlier
FY2016FY2023
Net income
$1.3 billion
+3.9% on the year
FY2016FY2023
Diluted EPS
$26.03
+8.4% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
1,476
1,482
1,059
-0.4%
Capital expenditure
435
312
172
+39.5%
Free cash flow
1,041
1,170
887
-11.0%
Free cash flow margin
9.3%
11.5%
10.3%
Cash from investing
-441
-315
-176
Cash from financing
-1,006
-861
-1,497
Depreciation and amortisation
244
241
268
+1.0%
Share-based compensation
48.2
43.0
47.3
+12.1%
Buybacks
996
900
1,522
+10.6%
Diluted shares, weighted
50m
52m
55m
-4.1%
Shares outstanding at period end
48m
50m
52m
-4.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,279
1,960
1,535
+16.3%
Debt
0.0
0.0
0.0
Operating lease liabilities
1,627
1,620
1,573
+0.5%
Other liabilities
1,800
1,791
1,656
+0.5%
Total liabilities and equity
5,707
5,370
4,764
+6.3%
Fixed assets
1,182
1,009
914
+17.1%
Goodwill
10.9
10.9
10.9
0.0%
Intangible assets
0.5
1.3
n/a
-61.1%
Cash and equivalents
767
738
432
+3.9%
Receivables
208
199
234
+4.3%
Other assets
3,539
3,412
3,174
+3.7%
Total assets
5,707
5,370
4,764
+6.3%
10-K for the year ended 3 February 2024, filed 26 March 2024: the filing.