Ulta Beauty Inc. (NASDAQ:ULTA) posted its first-quarter results after Tuesday’s closing bell, easily beating estimates on the top and bottom lines.
Here's a look at the key metrics from the quarter.
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Ulta Q1 Details
Ulta reported quarterly earnings of $7.74 per share, which beat the Street estimate of $6.86 by 12.83%, according to Benzinga Pro data.
Quarterly revenue came in at $3.16 billion, which beat the consensus estimate of $3.09 billion and was up from $2.85 billion in the same period last year.
Ulta compared first-quarter 2026 results to the prior year’s quarter:
- Net sales increased 11.1% to $3.2 billion, primarily due to increased comparable sales, the acquisition of Space NK and sales from new stores.
- Comparable sales increased 5.3%, driven by a 3.7% increase in average ticket and a 1.6% increase in transactions.
- Gross profit increased 13.8% to $1.3 billion. As a percentage of net sales, gross profit increased to 40.1% compared to 39.1%, primarily due to lower inventory shrink and higher merchandise margin.
- Selling, general and administrative (SG&A) expenses increased 14.6% to $814.7 million, primarily due to the acquisition of Space NK.
“Fiscal 2026 is off to a strong start, driven by broad-based growth across all channels and major categories. Our results demonstrate the strengths of our model, focused execution of our talented associates, and the effectiveness of our strategy in an uncertain macroeconomic landscape,” said Kecia Steelman, CEO of Ulta Beauty.
Looking Ahead
Ulta Beauty raised its fiscal 2026 GAAP EPS guidance to $28.36 to $28.80, versus the $28.42 analyst estimate and affirmed its revenue outlook of $13.14 billion to $13.26 billion, versus the $13.17 billion estimate.
ULTA Stock Price Activity: According to data from Benzinga Pro, Ulta Beauty stock climbed 5.43% to $521.95 in Tuesday's extended trading.
Photo: Shutterstock
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