Ulta Beauty posted strong Q4 results.
The retailer set new records for sales, profitability, and member growth as it gears up to launch a new online shopping platform.
Ulta Beauty's net sales in Q4 grew by 18.2% YoY to $3.2B.
- The company's net income rose by 17.8% to $340.8M.
- Organized retail crime and shrink impacted the company's gross margin, which stood at 39.6% compared to 39% last year.
- Despite the challenges, CEO Dave Kimbell noted in the earnings release that the firm's annual revenue topped $10B "for the first time in our 33-year history."
- Ulta plans to boost its live-shopping digital presence and launch a new e-commerce site with virtual try-on technology.
