Ulta Beauty lifts FY profit, sales guidance as Space NK acquisition boosts Q2 results
ULTA•Outlook
- Ulta Beauty raises fiscal 2026 net sales growth outlook to 6.7%-7.2%
- Company now expects comparable sales growth of 3.2%-3.7% for fiscal 2026
- Ulta Beauty sees fiscal 2026 diluted EPS of $28.70 to $29.00
Overview
- U.S. beauty retailer's fiscal Q2 net sales rose 8.9%, beating analyst expectations
- Adjusted EPS for fiscal Q2 grew 13.3%, beating analyst expectations
- Company raised fiscal 2026 stock repurchase plan to $1.8 bln from $1.5 bln
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 net sales | Beat | $3.03 bln | $2.96 bln (22 Analysts) |
| Q2 EPS | Beat | $6.55 | $6.18 (23 Analysts) |
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"
- The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"
- Wall Street's median 12-month price target for Ulta Beauty Inc is $635.00, about 16.9% above its August 26 closing price of $543.19
- The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago
