Ulta Beauty Q1 EPS $7.74, Comps +5.3%; Analyst Raises Price Target to $600
ULTA•Ulta Beauty reported Q1 FY26 earnings of $7.74 per share on $3.16 billion revenue, surpassing estimates as same-store sales rose 5.3% led by Space NK. The company raised full-year EPS guidance to $28.36–$28.80 and Piper Sandler set a $600 price target implying about 21.2% upside.
1. Q1 FY26 Financial Results
Ulta Beauty reported first-quarter fiscal 2026 earnings per share of $7.74 on revenue of $3.16 billion, representing an 11% increase from a year earlier and exceeding analyst estimates.
2. Same-Store Sales Growth
Same-store sales rose 5.3% in Q1, driven by strong performance of the Space NK brand and robust customer demand across beauty categories.
3. Upgraded FY26 Guidance
Management raised full-year fiscal 2026 earnings per share guidance to a range of $28.36 to $28.80, citing sustained growth momentum and inventory optimization.
4. Analyst Price Target Revision
Piper Sandler raised its price target for Ulta Beauty to $600 per share, implying approximately 21.2% upside from current levels.
