Ulta Beauty<\/a> on Tuesday reported quarterly results that beat on the top and bottom lines and hiked its earnings outlook as the retailer saw a strong start to its fiscal year.<\/p>\nShares of the company rose as much as 7% in extended trading.<\/p>\n
Here’s how the company performed in its fiscal first quarter compared with what Wall Street was expecting, according to a survey of analysts by LSEG:<\/p>\n
Earnings per share: $7.74 vs. $6.86 expectedRevenue: $3.16 billion vs. $3.10 billion expected<\/p>\n
For the three-month period ended May 2, Ulta saw net sales increase roughly 11% compared to the year-ago period. It reported comparable sales rose 5.3%, compared to StreetAccount estimates of up 4.6%. <\/p>\n
Ulta reaffirmed its full-year same-store sales and revenue projections, but raised its full-year EPS guidance to between $28.36 and $28.80. Its previous outlook was earnings per share between $28.05 and $28.55.<\/p>\n
“Fiscal 2026 is off to a strong start driven by broad-based growth across all channels and major categories,” CEO Kecia Steelman said in a statement. “Our results demonstrate the strengths of our model, focused execution of our talented associates and the effectiveness of our strategy in an uncertain macroeconomic landscape.”<\/p>\n
On a call with analysts on Tuesday, Steelman said the launch of Ulta’s TikTok Shop, with a focus on Ulta-specific products, during the quarter contributed to its success. The company also launched more than 20 new brands during the quarter, including Selena Gomez’s popular makeup brand, Rare Beauty.<\/p>\n
The company said its strongest category for the quarter was fragrances, increasing from 11% to 12% of total revenue.<\/p>\n
The earnings come as consumer confidence takes a dip amid soaring gas prices and rising inflation, leading to a pullback in discretionary spending. <\/p>\n
“We are operating from a position of strength in this environment and have multiple levers to satisfy guests’ value needs,” Steelman said on the call.<\/p>\n
Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"An Ulta Beauty store in Colma, California, US, on Wednesday, Dec. 3, 2025. David Paul Morris | Bloomberg…\n","protected":false},"author":2,"featured_media":680684,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[448,28,122,11588,8084,75691,271,5682,57595],"class_list":["post-680683","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-breaking-news-business","tag-business","tag-business-news","tag-dividends","tag-earnings","tag-kecia-steelman","tag-life","tag-retail-industry","tag-ulta-beauty-inc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/680683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=680683"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/680683\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/680684"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=680683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=680683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=680683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}