Stock Analysis on Net

Ulta Beauty Inc. (NASDAQ:ULTA)

This company has been moved to the archive! The financial data has not been updated since August 24, 2023.

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Ulta Beauty Inc., consolidated income statement

US$ in thousands

Microsoft Excel
12 months ended: Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018
Net sales 10,208,580 8,630,889 6,151,953 7,398,068 6,716,615 5,884,506
Cost of sales (6,164,070) (5,262,335) (4,202,794) (4,717,004) (4,307,304) (3,787,697)
Gross profit 4,044,510 3,368,554 1,949,159 2,681,064 2,409,311 2,096,809
Selling, general and administrative expenses (2,395,299) (2,061,545) (1,583,017) (1,760,716) (1,535,464) (1,287,232)
Impairment, restructuring and other costs (114,322)
Pre-opening expenses (10,601) (9,517) (15,000) (19,254) (19,767) (24,286)
Operating income 1,638,610 1,297,492 236,820 901,094 854,080 785,291
Interest income (expense), net 4,934 (1,663) (5,735) 5,056 5,061 1,568
Income before income taxes 1,643,544 1,295,829 231,085 906,150 859,141 786,859
Income tax expense (401,136) (309,992) (55,250) (200,205) (200,582) (231,625)
Net income 1,242,408 985,837 175,835 705,945 658,559 555,234

Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03).

Income statement item Description The company
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Ulta Beauty Inc. net sales increased from 2021 to 2022 and from 2022 to 2023.
Operating income The net result for the period of deducting operating expenses from operating revenues. Ulta Beauty Inc. operating income increased from 2021 to 2022 and from 2022 to 2023.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Ulta Beauty Inc. income before income taxes increased from 2021 to 2022 and from 2022 to 2023.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Ulta Beauty Inc. net income increased from 2021 to 2022 and from 2022 to 2023.