Ulta Beauty Q1 EPS Beats at $7.74, Revenue Up 11.1%
ULTA•Ulta Beauty reported Q1 adjusted EPS of $7.74 versus $6.87 expected, with revenue up 11.1% to $3.16 billion and comparable sales rising 5.3%. The company raised full-year EPS guidance to $28.36–$28.80, maintained 6%–7% net sales growth and plans Mexico expansion plus a Times Square flagship.
1. Q1 Financial Results
Ulta Beauty delivered adjusted earnings of $7.74 per share in the first quarter, surpassing the $6.87 consensus. Revenue climbed 11.1% year-over-year to $3.16 billion, driven by strong performance across retail and digital channels.
2. Comparable Sales and Margins
Comparable sales grew 5.3% on a 3.7% rise in average ticket and a 1.6% lift in transactions. Gross margin expanded to 40.1% from 39.1%, supported by lower inventory shrink and improved merchandise margins, with Space NK integration contributing to sales.
3. Guidance Raise and Expansion Plans
Ulta Beauty increased its fiscal 2026 EPS outlook to $28.36–$28.80 and reaffirmed net sales growth of 6%–7% and comp sales of 2.5%–3.5%. The company is expanding its footprint with new stores in Mexico and a flagship location in Times Square.
