Ulta Beauty Inc (ULTA)

Operating profit margin

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Operating income (ttm)	US$ in thousands	1,678,029	1,608,557	1,643,186	1,642,972	1,638,610	1,566,614	1,488,997	1,429,876	1,297,492	1,146,142	963,180	643,628	236,820	300,304	366,807	562,070	901,094	894,548	895,981	881,778
Revenue (ttm)	US$ in thousands	11,207,300	10,879,770	10,729,630	10,496,930	10,208,570	9,711,190	9,368,180	9,038,280	8,630,900	8,100,210	7,656,460	6,917,260	6,151,950	6,259,170	6,389,650	6,828,250	7,398,070	7,216,870	7,094,370	6,915,980
Operating profit margin		14.97%	14.78%	15.31%	15.65%	16.05%	16.13%	15.89%	15.82%	15.03%	14.15%	12.58%	9.30%	3.85%	4.80%	5.74%	8.23%	12.18%	12.40%	12.63%	12.75%

February 3, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,678,029K ÷ $11,207,300K
= 14.97%

Ulta Beauty Inc's operating profit margin has displayed fluctuations over the analyzed periods. The operating profit margin has shown a general trend of improvement from May 2019 to January 2023, reaching a peak of 16.05% in January 2023. However, there was a notable decline in the operating profit margin to 9.30% in July 2021, followed by a further decrease to 3.85% in January 2021.

Subsequently, there was a gradual recovery in the operating profit margin, with an increase to 14.97% by February 2024. Overall, the company's operating profit margin has demonstrated variability over time, influenced by factors such as operational efficiency, cost management, and revenue generation strategies. Further analysis of the company's financial performance and operational strategies in context to industry trends and economic conditions would be necessary for a comprehensive evaluation.