Companies /Consumer Cyclical

Ulta Beauty Inc

NASDAQ: ULTA Specialty Retail
$564.12
▲ $7.01 (+1.26%) today
Markets closed · 2:19pm ET

Q1 2027 Earnings

Reported Jun 2, 2026, 4:06pm ET · SEC source
$7.74
Beat +12.00%
EPS · est. $6.91
$3.2B
Beat +1.48%
Revenue · est. $3.1B
−2.8%
Trailing market
ULTA vs S&P since report
2 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−12%−8%−4%0Jun 2Jun 3report 4:06pm ETearnings−1.1%−9.5%
−12%−8%−4%0Jun 2Jun 3earnings−1.1%−9.5%
ULTA −9.5%S&P 500 −1.1%
−12%−8%−4%0Jun 2Jun 3report 4:06pm ETearnings−0.9%−9.5%
−12%−8%−4%0Jun 2Jun 3earnings−0.9%−9.5%
ULTA −9.5%NASDAQ −0.9%
−6%−3%0+3%Jun 1Jun 10report 4:06pm ETearnings−4.6%−4.3%
−6%−3%0+3%Jun 1Jun 10earnings−4.6%−4.3%
ULTA −4.3%S&P 500 −4.6%
−6%−3%0+3%Jun 1Jun 10report 4:06pm ETearnings−7.1%−4.3%
−6%−3%0+3%Jun 1Jun 10earnings−7.1%−4.3%
ULTA −4.3%NASDAQ −7.1%
−4.78%
Day of report
−1.84%
Next session
−0.10%
One week
−3.70%
30 days

S&P 500 over the same 30 days: −0.87%.

Did ULTA Beat Earnings? Q1 2027 Results

Ulta Beauty delivered a convincing first-quarter beat on Thursday, extending its EPS consensus beat streak to eight consecutive quarters as diluted earnings of $7.74 per share topped the $6.91 analyst estimate by 12.00%, while revenue of $3.16 billion edged past the $3.12 billion consensus by 1.48% and grew 11.1% year over year. The standout driver was a broad-based comparable sales gain of 5.3%, fueled by a higher average ticket and more transactions, alongside contributions from the Space NK acquisition and new store openings, which together helped expand gross profit margin by 100 basis points to 40.1%. Net income climbed to $340.47 million from $305.05 million a year ago, with the company's aggressive buyback program, including $555.00 million in repurchases during the quarter, also boosting per-share results. Despite some investor unease heading into the print over cost pressures and SG&A deleverage tied to strategic investments, management raised its full-year diluted EPS guidance to a range of $28.36 to $28.80 and narrowed operating income growth upward to 6.5% to 9%, signaling continued confidence in execution through the remainder of fiscal 2026.

Key Takeaways
  • Comparable sales increased 5.3%, driven by 3.7% increase in average ticket and 1.6% increase in transactions
  • Gross profit margin expanded to 40.1% from 39.1% due to lower inventory shrink and higher merchandise margin
  • Acquisition of Space NK contributed to net sales growth
  • Sales from new stores contributed to revenue growth
  • Broad-based growth across all channels and major categories

“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. I am particularly proud of our teams' commitment to delighting our guests while also advancing our longer-term strategic initiatives with discipline.”

Ulta Beauty CEO, on the earnings call

Forward Guidance & Outlook

The company updated its fiscal 2026 guidance: net sales growth of 6% to 7% (unchanged), comparable sales growth of 2.5% to 3.5% (unchanged), operating income growth narrowed upward to 6.5% to 9% (from 6% to 9%), diluted EPS raised to $28.36 to $28.80 (from $28.05 to $28.55), and capital expenditures of $400 million to $450 million (unchanged).

ULTA YoY Financials

Q1 2027 vs Q1 2026 · SEC filings Q1 2026 Q1 2027
$0$900.0M$1.8B$2.7B$2.8B$3.2BRevenue$1.1B$1.3BGross Profit$403.6M$448.3MOperating Income$305.1M$340.5MNet Income
$0$900.0M$1.8B$2.7BRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.