Ulta Beauty, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Net income per common share

Net income per common share

3 Months Ended

May 03, 2025

11.Net income per common share

The following is a reconciliation of net income and the number of shares of common stock used in the computation of net income per basic and diluted common share:


	13 Weeks Ended
	May 3,		May 4,
(In thousands, except per share data)	2025		2024
Numerator:
Net income	$	305,052	$	313,113

Denominator:
Weighted-average common shares – Basic		45,362		48,125
Dilutive effect of stock options and non-vested stock		146		256
Weighted-average common shares – Diluted		45,508		48,381

Net income per common share:
Basic	$	6.72	$	6.51
Diluted	$	6.70	$	6.47

The denominator for diluted net income per common share for the 13 weeks ended May 3, 2025 and May 4, 2024 excludes 354 and 150 employee stock options and restricted stock units, respectively, due to their anti-dilutive effects. Outstanding performance-based restricted stock units are included in the computation of dilutive shares only to the extent that the underlying performance conditions are satisfied prior to the end of the reporting period or would be considered satisfied if the end of the reporting period were the end of the related contingency period and the results would be dilutive under the treasury stock method.