Ulta Beauty (ULTA) Revenue — Quarter Ended Oct 28, 2023
Revenue for the quarter declined modestly compared to the immediately preceding quarter, but rose relative to the same quarter one year earlier.
Key takeaway
Quarter ended Oct 28, 2023 · FY2023 Q3
Revenue for the quarter declined modestly compared to the immediately preceding quarter, but rose relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.5B
Revenue reported for this quarter.
Quarter-over-quarter
-1.6%
Change from the immediately preceding quarter.
Year-over-year
+6.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jan 28, 2023 | $3.2B | +18.2% |
| Apr 29, 2023 | $2.6B | +12.3% |
| Jul 29, 2023 | $2.5B | +10.1% |
| Oct 28, 2023 | $2.5B | +6.4% |
Revenue performance
The reported revenue showed a slight sequential decrease, while year-over-year growth was maintained.
Quarterly comparison
Compared with the prior quarter, revenue was lower; compared with the same quarter a year ago, revenue was higher.
What to watch
The company's working capital needs are typically highest from August through November due to inventory build-up for the approaching holiday season.