Ulta Beauty Q2 FY2026: Net Sales Up 8.9% to $3.04B, Diluted EPS $6.55
ULTA sits 25% above its 52-week low of $443.6.
Summary
Ulta Beauty reported Q2 FY2026 results that beat expectations, with net sales up 8.9% to $3.04B and diluted EPS up 13.3% to $6.55. The company repurchased $798.6M of stock in H1 and increased short-term debt to $339.6M.
Key Events · Earnings and Guidance · ULTA
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Q2 Net Sales Up 8.9% to $3.04B
Net sales rose 8.9% to $3.04 billion for the 13 weeks ended August 1, 2026, driven by a 3.8% comparable sales increase and the Space NK acquisition.
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Diluted EPS Up 13.3% to $6.55
Diluted EPS increased 13.3% to $6.55 from $5.78 a year ago, with net income up 8.1% to $282.0 million.
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Share Repurchases Total $798.6M in H1
The company repurchased 1.44 million shares for $798.6 million in the first 26 weeks, with $1.0 billion remaining under the October 2024 authorization.
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Short-Term Debt Rises to $339.6M
Borrowings under credit facilities increased to $339.6 million as of August 1, 2026, from $62.3 million at January 31, 2026, to support working capital and buybacks.
Analysis · ULTA · Trade & Services
A strong second quarter saw net sales climb 8.9% to $3.04 billion and diluted EPS jump 13.3% to $6.55, beating expectations. Comparable sales grew 3.8%, driven by a 3.9% increase in average ticket. The company also repurchased $798.6 million of stock in the first half, reducing share count by 1.44 million shares, and increased short-term borrowings to $339.6 million to fund working capital and buybacks. The filing includes an amended certificate of incorporation increasing authorized shares to 470 million, providing flexibility for future equity issuance.
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In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, ULTA was trading at $555.01 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 filing was assessed with positive market sentiment and an importance score of 7 out of 10.