Revenue |
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| Revenue |
3.Revenue Disaggregated revenue
The following table sets forth the approximate percentage of net sales by primary category:
Certain sales departments were reclassified between categories in the prior year to conform to current year presentation, including moving the bath category from Fragrance to Skincare. Deferred revenue
Deferred revenue primarily represents contract liabilities for the obligation to transfer additional goods or services to a guest for which the Company has received consideration, such as unredeemed Ulta Beauty Rewards loyalty points and unredeemed Ulta Beauty gift cards. In addition, breakage on gift cards is recognized proportionately as redemption occurs.
The following table provides a summary of the changes included in deferred revenue during the 13 weeks ended May 4, 2024 and April 29, 2023:
Other amounts included in deferred revenue were $7,283 and $7,094 at May 4, 2024 and April 29, 2023, respectively. |
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