Ulta Beauty Inc

ULTA: XNAS (USA)

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Ulta Beauty Earnings: Another Strong Set of Results Affirms Strategy; Shares Fully Valued

David Swartz

Jun 3, 2026

Ulta Beauty achieved 5.3% same-store sales growth in 2026's first quarter. Its gross margin rose 100 basis points to 40.1% on a higher merchandise margin and lower theft, but its operating margin increased just 10 basis points to 14.2% due to planned investments. EPS rose to $7.74 from $6.70.

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Ulta Beauty Inc

Ulta Beauty Earnings: Another Strong Set of Results Affirms Strategy; Shares Fully Valued

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