Ulta Beauty, Inc. Annual report pursuant to Section 13 and 15(d)

Selected quarterly financial data (unaudited) (Tables)

12 Months Ended

Jan. 31, 2015


	2014												2013
	First			Second			Third			Fourth			First			Second			Third			Fourth
(In thousands, except per share data)
Net sales	$	713,770		$	734,236		$	745,722		$	1,047,641		$	582,712		$	600,998		$	618,781		$	868,082
Cost of sales		467,817			474,894			463,967			697,904			378,763			388,921			387,120			574,521

Gross profit		245,953			259,342			281,755			349,737			203,949			212,077			231,661			293,561
Selling, general and administrative expenses		162,443			157,768			181,093			210,702			133,048			134,400			151,306			177,636
Pre-opening expenses		2,629			3,595			6,574			1,568			3,206			4,809			7,468			1,787

Operating income		80,881			97,979			94,088			137,467			67,695			72,868			72,887			114,138
Interest income, net		(200	)		(209	)		(254	)		(231	)		(24	)		(18	)		(7	)		(69	)

Income before income taxes		81,081			98,188			94,342			137,698			67,719			72,886			72,894			114,207
Income tax expense		31,128			37,394			35,218			50,434			25,893			27,975			27,464			43,525

Net income	$	49,953		$	60,794		$	59,124		$	87,264		$	41,826		$	44,911		$	45,430		$	70,682

Net income per common share:
Basic	$	0.78		$	0.94		$	0.92		$	1.36		$	0.66		$	0.70		$	0.71		$	1.10
Diluted	$	0.77		$	0.94		$	0.91		$	1.35		$	0.65		$	0.70		$	0.70		$	1.09