What percent of Ulta Beauty's total spend on stock repurchases for FY 2023 occurred in Q4 of FY2023?
Share Repurchase Program
During the fourth quarter of fiscal 2022, the Company repurchased 722,457 shares of its
common stock at a cost of $328.1 million. During fiscal 2022, the Company repurchased 2.2
million shares of its common stock at a cost of $900.0 million. As of January 28, 2023, $1.1
billion remained available under the $2.0 billion share repurchase program announced in
March 2022.
36%. The answer here assumes FY2023 refers to the 12 months ended on January 28, 2023 (although the company refers to this period as its fiscal 2022.
Fiscal 2022 = FY2023. Fiscal 2021 = FY2022. Percent spent in Q4 of FY2023 = Amount spent in Q4 of FY2023/Total amount spent in FY2023*100 =$328.1 million /$900 million * 100 = 36%