Ulta Beauty Q2 EPS Beats, Raises FY26 Guidance on Strong Sales
ULTA sits 25% above its 52-week low of $443.6.
Summary
Ulta Beauty delivered Q2 FY2026 results that beat expectations, with net sales up 8.9% to $3.04B and diluted EPS up 13.3% to $6.55. Comparable sales rose 3.8%, driven by new stores and the Space NK acquisition. Management raised full-year guidance across the board: net sales growth now 6.7%-7.2%, comparable sales 3.2%-3.7%, operating income growth 8.3%-9.3%, and diluted EPS $28.70-$29.00. The company also increased its fiscal 2026 stock repurchase plan to $1.8B from $1.5B, a $300M boost, and expects to exhaust its remaining $1.0B buyback authorization by fiscal year-end. This follows a strong Q1 and a guidance trim in June, making the upward revision a notable positive shift.
At the time of this announcement, ULTA was trading at $554.88 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $23.2B. The 52-week trading range was $443.60 to $714.97. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: BusinessWire.