Ulta Magnificence, Inc. (NASDAQ: ULTA) has reported a pointy enhance in gross sales and internet earnings for the fourth quarter of 2023 when the sweetness retailer chain’s comparable retailer gross sales elevated modestly. The corporate additionally offered steerage for fiscal 2024.
At $3.55 billion, fourth-quarter internet gross sales have been up 10% from the prior-year interval. Comparable retailer gross sales elevated by 2.5% in the course of the three months.
Internet earnings moved as much as $394.4 million or $8.08 per share within the January quarter from $340.75 million or $6.68 per share in the identical interval of 2022. The administration expects full-year 2024 gross sales to be within the vary of $11.7 billion to $11.7 billion.
“While we are mindful the near-term macro environment remains dynamic, we are optimistic about the resiliency of the beauty category, energized by the growth opportunities ahead of us, and confident in our ability to deliver for our guests and our shareholders,” mentioned Dave Kimbell, chief govt officer of Ulta Magnificence.
