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In Q4 2024, net sales decreased 1.9% to $3.5 billion compared to $3.6 billion, primarily due to the benefit of an extra week of sales in fiscal 2023.
March 14, 2025
By: Lianna Albrizio
Associate Editor
Ulta Beauty saw a slight increase in net sales for FY 2024 compared to FY 2023 with revenue climbing 0.8% to $11.3 billion from $11.2 billion, primarily due to new store contribution, officials said. Comparable sales increased 0.7% compared to an increase of 5.7%, driven by a 1.1% increase in average ticket and a 0.4% decrease in transactions. Gross profit was $4.39 billion compared to $4.38 billion. As a percentage of net sales, gross profit decreased to 38.8% compared to 39.1%, primarily...
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