Ulta kicks off 2026 with strong Q1, lifts earnings outlook
Ulta Beauty topped expectations in fiscal Q1 2026, delivering $7.74 in earnings per share on $3.16 billion in revenue (vs. $6.86 and $3.10B expected), with net sales up about 11% and comps up 5.3%. The company reaffirmed full-year revenue and same-store sales targets while raising its full-year EPS guidance to $28.36–$28.80. CEO Kecia Steelman highlighted broad-based growth and strategic initiatives, including Ulta’s TikTok Shop and launching more than 20 new brands such as Rare Beauty; fragrances were the strongest category, now 12% of revenue. Shares rose in extended trading.