Ulta Salon (ULTA) Reports Q4 Beat, Authorizes New $2 Billion Buyback

Ulta Salon (NASDAQ: ULTA) reported its Q4 results, with EPS of $5.41 coming in better than the consensus estimate of $4.57. Revenue grew 24.1% year-over-year to $2.73 billion, compared to the consensus estimate of $2.69 billion. Comparable sales rose 21.4% in Q4 driven by a 10.4% growth in transactions and a 9.9% growth in average ticket.

The company expects full 2022-year EPS to be in the range of $18.20-$18.70, compared to the consensus of $17.84, and revenue in the range of $9.05-9.15 billion, compared to the consensus of $9.14 billion.

The company repurchased 4.2 million shares of its common stock at a cost of $1.5 billion during the full 2021-year, out of which 1.9 million shares at a cost of $759.8 million during Q4. The company’s board of directors also authorized a new share repurchase program of $2.0 billion, replacing the prior authorization from March 2020.

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