Ulta Beauty Inc (ULTA)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,695,651 | 1,627,229 | 1,660,210 | 1,655,655 | 1,643,544 | 1,566,703 | 1,487,824 | 1,428,170 | 1,295,829 | 1,144,483 | 960,551 | 638,807 | 231,085 | 295,471 | 364,257 | 563,808 | 906,150 | 900,440 | 902,291 | 887,560 |
| 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 |
| Pretax margin | 15.13% | 14.96% | 15.47% | 15.77% | 16.10% | 16.13% | 15.88% | 15.80% | 15.01% | 14.13% | 12.55% | 9.23% | 3.76% | 4.72% | 5.70% | 8.26% | 12.25% | 12.48% | 12.72% | 12.83% |
February 3, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,695,651K ÷ $11,207,300K
= 15.13%
The pretax margin of Ulta Beauty Inc has shown fluctuations over the specified time periods. It ranged from a low of 3.76% on Jan 30, 2021, to a high of 16.13% on Oct 29, 2022. The downward trend from 2021 to early 2022 may indicate challenges or inefficiencies in managing operating expenses relative to revenues. However, there was a noticeable improvement in the pretax margin from May 2, 2020, to Oct 29, 2022, suggesting potentially better cost control or revenue growth initiatives during this period.
Overall, Ulta Beauty Inc's pretax margin has been relatively stable in recent periods, hovering around 15%, which indicates consistent profitability before accounting for taxes. Further analysis of the company's revenue and cost structure may provide insights into the factors driving these fluctuations and help evaluate the company's operational efficiency and financial performance.
Peer comparison
Feb 3, 2024