Ulta Beauty (ULTA) Company Report

Net sales rose 13% year-over-year in Q3, with comparable sales up around 6%, driven by loyalty, e-commerce and the Space NK acquisition.
Q3 EPS was $5.14, flat year-over-year but $0.54 above analysts’ GAAP estimates of $4.61.
Ulta added 28 new stores in Q3, bringing its U.S. footprint to 1,500 freestanding locations and 83 Space NK stores in the U.K. and Ireland.
Full-year 2025 net sales outlook raised to approximately $12.3 billion; comparable sales now expected to grow 4.4%–4.7% with operating margins of 12.3%–12.4%.
Shares jumped 5.26% post-earnings, though rising costs and the end of the Target partnership could pressure future margins.

1 hour ago

Bloomberg

Ulta Beauty reports Q3 2026 results

ULTA

Earnings

Guidance Update

Share Buyback

Net sales increased 12.9% to $2.9 billion, with comparable-sales growth of 6.3% driven by a 3.8% increase in average ticket and a 2.4% rise in transactions; diluted EPS was $5.14, flat year-over-year.
Gross margin expanded 70 bps to 40.4% of sales, while SG&A rose 23.3% to $841 million (29.4% of sales) due to higher incentive compensation and strategic investments, resulting in an operating margin of 10.8% versus 12.6% last year.
The company opened 28 new Ulta Beauty stores (ending with 1,500) and 2 new Space NK stores (total 84); international expansion continued with entries in Mexico and Kuwait, and the launch of UB Marketplace added 120+ brands and 3,500 SKUs online.
Fiscal 2025 guidance was raised: net sales of ~$12.3 billion; comp-sales growth of 4.4–4.7%; full-year EPS of $25.20–$25.50. Q4 comps are expected to be 2.5–3.5% with EPS of $7.61–$7.90.

3 hours ago

Transcript

Ulta Beauty reports Q3 2026 strong sales growth and updates guidance

ULTA

Earnings

Guidance Update

CFO Change

Net sales increased 12.9% to $2.9 billion, with comparable sales up 6.3%; diluted EPS was $5.14 and operating profit margin reached 10.8% of sales.
Gross margin rose 70 bp to 40.4%, driven by lower inventory shrink and higher merchandise margin; SG&A grew 23.3% to $841 million (29.4% of sales) due to higher incentive compensation, Space NK acquisition impact, and strategic investments.
Continued international expansion with seven new stores in Mexico, first Middle East store in Kuwait, and ongoing integration of Space NK into Ulta’s operations.
Q4 guidance expects operating margin of 12.0–12.3% and EPS of $7.61–$7.90; Chris DelOrefice will assume the CFO role tomorrow.

5 hours ago

Transcript

Ulta Beauty announces third quarter fiscal 2025 results

ULTA

Earnings

Guidance Update

Share Buyback

Net sales increased 12.9% to $2.9 billion; comparable sales rose 6.3% year-over-year
Net income was $230.9 million, or $5.14 per diluted share
Operating income totaled $309.4 million (10.8% margin); SG&A expenses climbed 23.3% to $840.9 million
Fiscal 2025 guidance raised: net sales to approx. $12.3 billion, comparable sales to 4.4–4.7%, operating margin to 12.3–12.4%, and EPS to $25.20–$25.50

7 hours ago

8-K

Ulta Beauty opens first Middle East store in Kuwait

ULTA

New Projects/Investments

Ulta Beauty opens its first Middle East store (15,000 sq ft) at The Avenues in Kuwait on November 7, 2025, featuring over 300 beauty and wellness brands through a joint venture with Alshaya Group.
Plans to expand to the UAE (Mall of the Emirates and Dubai Mall) in early 2026 and Saudi Arabia (Red Sea Mall) in March 2026.
Operates ~1,500 U.S. freestanding stores and acquired Space NK in the U.K. earlier in 2025, making it the largest specialized beauty retailer in the U.S..
Financial highlights: market cap $23.1 billion, trailing twelve-month revenue $11.65 billion, net margin 10.31%, operating margin 13.69%, and ROE 49.24%.

Nov 7, 2025, 1:48 AM

Morningstar

Ulta Beauty launches UB Marketplace

ULTA

Product Launch

New Projects/Investments

Ulta Beauty (NASDAQ: ULTA) announced the launch of UB Marketplace, a curated beauty and wellness platform now live on ulta.com and the Ulta Beauty app.
UB Marketplace, powered by Mirakl enterprise marketplace technology, underpins the company’s Ulta Beauty Unleashed strategy to expand and scale new business lines.

Oct 14, 2025, 1:32 PM

Press Release

Ulta Beauty launches UB Marketplace

ULTA

Product Launch

UB Marketplace is now live on Ulta.com and the Ulta Beauty app as part of the company’s Unleashed strategy to expand e-commerce and brand discovery.
Platform powered by Mirakl, featuring 100 curated third-party brands at launch across beauty and wellness.
Offers an integrated shopping experience—one account, one checkout, unified search—with Ulta Beauty Rewards on eligible purchases and in-store returns via Happy Returns.
Ulta plans to scale the UB Marketplace assortment over the next 12–18 months, enabling rapid entry into emerging categories.

Oct 14, 2025, 12:00 PM

Press Release

Golden Triangle Ventures acquires Deep South Electrical Contractors

ULTA

M&A

Board Change

Golden Triangle Ventures (GTVH) acquired Deep South Electrical Contractors in a $4 million deal, adding $6–7 million in annual revenue and targeting to exceed $10 million in 2026.
The acquisition enhances GoldenEra Development’s ability to self-perform electrical scopes across commercial, residential, and industrial projects to improve margins and accelerate timelines.
Leo Garza, with 25 years of electrical contracting experience, will remain President of Deep South and join GTVH’s Board to lead operational growth strategy.
The transaction is structured over a 3–5 year term with performance milestones and team-wide incentives to ensure sustainable, non-dilutive growth.

Oct 8, 2025, 7:04 PM

Press Release

Ulta Beauty to conclude Target partnership in 2026

ULTA

New Projects/Investments

Ulta Beauty and Target will not renew their shop-in-shop partnership when it ends in August 2026, with the Ulta Beauty at Target experience continuing until then.
The partnership, launched in 2021, expanded access to prestige beauty and linked Ulta Beauty Rewards and Target Circle accounts through August 2026.
Both companies will maintain seamless in-store and online experiences and support teams during the transition through the partnership’s end.
Ulta Beauty plans to reinforce its omnichannel leadership by launching Ulta Beauty Marketplace later this year, a curated online destination for new brands and audiences.

Aug 14, 2025, 1:00 PM

Press Release

Ulta Beauty appoints Interim CFO and reaffirms fiscal 2025 guidance

ULTA

CFO Change

Guidance Update

Management Change

Ulta Beauty named Chris Lialios, SVP – Controller, as Interim CFO effective June 24, 2025, and principal financial and accounting officer.
The company has initiated an external search for a permanent Chief Financial Officer with a leading executive search firm.
Former CFO Paula Oyibo departed the company effective June 24, 2025.
While serving as Interim CFO, Lialios will receive an annualized base salary of $525,000 and an annual cash incentive target of 100% of base salary.
Ulta Beauty reaffirmed its fiscal 2025 guidance: comparable store sales growth of 0%–1.5%, operating margin of 11.7%–11.8%, and diluted EPS of $22.65–$23.20.

Jun 30, 2025, 12:00 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for Ulta Beauty.

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