Ulta Beauty's Q1 net sales rose 11.1% to $3.2B, surpassing the $3.12B consensus, as comparable sales climbed 5.3%, driven by a 3.7% average ticket increase and 1.6% more transactions. Diluted EPS grew 15.5% to $7.74, bolstered by Space NK acquisition and expansion into TikTok Shop, Mexico, and Dubai.
Ulta Beauty delivered net sales of $3.2 billion in Q1, an 11.1% increase versus last year and above the $3.12 billion consensus. Comparable sales rose 5.3%, with a 3.7% increase in average ticket and 1.6% more transactions, while diluted EPS climbed 15.5% to $7.74.
During the quarter, Ulta launched on TikTok Shop, opened two new stores in Mexico and multiple U.S. locations, and supported a franchise partner’s third Middle East store at Dubai Mall. The company announced a new Times Square flagship set to open in late 2027, featuring immersive technology, entertainment and digital marketing activations.
Fragrance led growth with high-teen comparable increases, driven by luxury brands like YSL, Carolina Herrera, Valentino and the new Belmond, plus Noyz’s milk scent innovation. Hair care delivered high single-digit comps, while skin care, wellness and makeup saw low single-digit gains.
