Ulta Beauty Inc (ULTA)

Gross profit margin

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Gross profit	US$ in thousands	4,381,100	4,044,510	3,368,550	1,949,160	2,681,060
Revenue	US$ in thousands	11,207,300	10,208,600	8,630,890	6,151,950	7,398,070
Gross profit margin		39.09%	39.62%	39.03%	31.68%	36.24%

February 3, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $4,381,100K ÷ $11,207,300K
= 39.09%

Ulta Beauty Inc's gross profit margin has shown relatively stable performance over the past five years, ranging from 31.68% to 39.62%. The company experienced a significant increase in gross profit margin from 31.68% in 2021 to 36.24% in 2020. However, in the most recent fiscal year, the gross profit margin decreased slightly to 39.09%.

Overall, Ulta Beauty Inc's gross profit margin has remained above 30% in each of the past five years, indicating that the company has been able to effectively manage its cost of goods sold relative to its revenue. The slight fluctuation in the gross profit margin suggests that the company may have experienced variations in the cost of sales or pricing strategies over the years. It is essential for Ulta Beauty Inc to continue monitoring and optimizing its gross profit margin to maintain profitability and competitiveness in the beauty retail industry.