Ulta Beauty (ULTA) Revenue — Quarter Ended May 4, 2024
Revenue for the quarter ended May 4, 2024 declined compared to the immediately preceding quarter. Compared to the same quarter one year earlier, revenue increased.
Key takeaway
Quarter ended May 4, 2024 · FY2024 Q1
Revenue for the quarter ended May 4, 2024 declined compared to the immediately preceding quarter. Compared to the same quarter one year earlier, revenue increased.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.7B
Revenue reported for this quarter.
Quarter-over-quarter
-23.3%
Change from the immediately preceding quarter.
Year-over-year
+3.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.3B
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 |
|---|---|---|
| Jul 29, 2023 | $2.5B | +10.1% |
| Oct 28, 2023 | $2.5B | +6.4% |
| Feb 3, 2024 | $3.6B | +10.2% |
| May 4, 2024 | $2.7B | +3.5% |
Revenue performance
The reported revenue direction is downward from the prior quarter, reflecting a decrease. The trailing twelve-month revenue figure is higher than the current quarter's level.
Quarterly comparison
Compared to the immediately preceding quarter, revenue fell. Compared to the same quarter one year earlier, revenue rose.
What to watch
The sequential revenue decline follows a sharp increase in the prior quarter, warranting attention to the sustainability of demand.