Ulta Beauty (ULTA)
NASDAQ:ULTA
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Earnings Data
Report Date
Aug 20, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
6.14Last Year’s EPS
5.78Same Quarter Last Year
Moderate Buy
Based on 22 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong execution and profitable top-line growth: double-digit net sales growth (11.1%), mid-teens e-commerce growth, meaningful gross margin expansion (+100 bps to 40.1%), and a sizable increase in EPS (+15.5%). Management maintained full-year guidance, raised EPS guidance and increased the share buyback program, reflecting confidence. Key risks highlighted were elevated SG&A from strategic investments, inventory buildup, transportation/fuel cost pressures, and tougher near-term comp compares. New channels and exclusive brand building (TikTok Shop, marketplace, NOYZ, Space NK) showed early traction but are still scaling. Overall, positives (robust sales, margin improvement, EPS and buyback acceleration, loyalty scale and e-commerce momentum) outweigh the headwinds (investment-driven SG&A, inventory and macro/cost uncertainty), leading to a constructive outlook.Company Guidance
Strong Top-Line Growth
Net sales increased 11.1% year-over-year to $3.2 billion (from $2.8 billion). Total sales growth excluding Space NK was in the high single-digit range.
Comparable Sales and Ticket Improvement
Comparable sales grew 5.3% for the quarter, driven by a 3.7% increase in average ticket and a 1.6% increase in transactions.
Earnings and Profitability Expansion
Diluted EPS increased 15.5% to $7.74. Net income rose to $340 million (reported ~10.8% YoY). Operating profit increased 11.6% to $448 million, representing 14.2% of sales.
Gross Margin and Shrink Improvement
Gross margin expanded 100 basis points to 40.1% of sales, driven primarily by lower inventory shrink and higher merchandise margin, with shrink reductions reported across every category and region.
Capital Return and Share Repurchases
Executed $555 million of stock repurchases in the quarter and increased the fiscal 2026 buyback target from $1.0 billion to $1.5 billion to accelerate return of capital to shareholders.
Digital and Omnichannel Momentum
E-commerce delivered mid-teen sales growth and omnichannel capabilities (e.g., BOPIS, same-day via Uber Eats, Klarna BNPL) continued to drive convenience and conversion.
Loyalty and Customer Data Scale
Ulta Beauty Rewards expanded to nearly 47 million members, up 4% year-over-year, providing a large first-party data asset for personalization and AI-driven initiatives.
Category & Brand Wins — Fragrance and New Brands
Fragrance was the strongest category with high-teen comp growth and grew from 11% to 12% of revenue. Exclusive brand initiatives (e.g., NOYZ Mylk de Parfum reaching top 20 in category) and launches (Rare Beauty, Balmain, Bloomeffects, Hairstory, Gruns) contributed to newness-driven growth.
Progress Scaling New Businesses
Space NK integration and international expansion continued (16 net new Ulta stores and 1 Space NK store in the quarter). Marketplace grew to 325+ brands and 8,000+ SKUs and was successfully integrated into major promotions.
ULTA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ULTA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 02, 2026 | $494.87 | $471.21 | -4.78% |
Mar 12, 2026 | $624.70 | $535.72 | -14.24% |
Dec 04, 2025 | $533.95 | $601.50 | +12.65% |
Aug 28, 2025 | $530.63 | $492.73 | -7.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ulta Beauty (ULTA) report earnings?
Ulta Beauty (ULTA) is schdueled to report earning on Aug 20, 2026, After Close (Confirmed).
What is Ulta Beauty (ULTA) earnings time?
Ulta Beauty (ULTA) earnings time is at Aug 20, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ULTA EPS forecast?
ULTA EPS forecast for the fiscal quarter 2026 (Q2) is 6.14.
