Ulta Beauty Reports Strong Q1 Earnings, Stock Rises
Ulta Beauty Shares Climb On Strong Q1 Report: Details

Image: Benzinga
Ulta Beauty Inc. reported a strong first quarter with earnings of $7.74 per share, exceeding estimates. Revenue reached $3.16 billion, driven by increased sales and the acquisition of Space NK. The company raised its fiscal 2026 earnings guidance, reflecting robust growth across all channels.
- 01Ulta's Q1 earnings of $7.74 per share surpassed the estimate of $6.86 by 12.83%.
- 02Quarterly revenue hit $3.16 billion, exceeding the consensus estimate of $3.09 billion and up from $2.85 billion last year.
- 03Net sales rose 11.1% year-over-year, driven by comparable sales and new store openings.
- 04Gross profit increased 13.8% to $1.3 billion, with a gross profit margin of 40.1%.
- 05SG&A expenses rose 14.6% to $814.7 million, primarily due to the Space NK acquisition.
Advertisement
In-Article Ad
Ulta Beauty Inc. (NASDAQ:ULTA) reported impressive first-quarter results, with earnings of $7.74 per share, significantly surpassing the expected $6.86. The company’s revenue reached $3.16 billion, exceeding the consensus estimate of $3.09 billion and marking an increase from $2.85 billion in the same quarter last year. This growth was driven by a 11.1% rise in net sales, attributed to increased comparable sales and the acquisition of Space NK. Comparable sales rose by 5.3%, with a 3.7% increase in average ticket size and a 1.6% rise in transactions. Gross profit also saw a notable increase of 13.8%, totaling $1.3 billion, with a gross margin of 40.1%. However, selling, general, and administrative (SG&A) expenses increased by 14.6% due to the acquisition. Looking ahead, Ulta raised its fiscal 2026 GAAP EPS guidance to between $28.36 and $28.80, while affirming its revenue outlook of $13.14 billion to $13.26 billion. Following the announcement, Ulta's stock rose 5.43% to $521.95 in after-hours trading.
Advertisement
In-Article Ad
Ulta's strong performance may lead to increased investment in new stores and expansions, positively affecting local economies.
Advertisement
In-Article Ad
Reader Poll
What do you think about Ulta Beauty's growth prospects?
Connecting to poll...
Read the original article
Visit the source for the complete story.


