Ulta Beauty lifts FY profit, sales guidance as Space NK acquisition boosts Q2 results

Ulta Beauty

27/08/2026 21:16

Overview
U.S. beauty retailer's fiscal Q2 net sales rose 8.9%, beating analyst expectations
Adjusted EPS for fiscal Q2 grew 13.3%, beating analyst expectations
Company raised fiscal 2026 stock repurchase plan to $1.8 bln from $1.5 bln

Outlook
Ulta Beauty raises fiscal 2026 net sales growth outlook to 6.7%-7.2%
Company now expects comparable sales growth of 3.2%-3.7% for fiscal 2026
Ulta Beauty sees fiscal 2026 diluted EPS of $28.70 to $29.00

Result Drivers
COMPARABLE SALES - Co said higher comparable sales contributed to Q2 net sales growth
SPACE NK ACQUISITION - Co said acquisition of Space NK contributed to sales growth and increased SG&A expenses
NEW STORES - Co said sales from new stores contributed to net sales growth

Company press release: ID:nBw2stfRWa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net sales
Beat
$3.03 bln
$2.96 bln (22 Analysts)
Q2 EPS
Beat
$6.55
$6.18 (23 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"
Wall Street's median 12-month price target for Ulta Beauty Inc is $635.00, about 16.9% above its August 26 closing price of $543.19
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
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Aug 26 - Bath & Body Works forecasts wider-than-expected third quarter sales decline on weak store traffic
Aug 26 - Nail care studio operator MiniLuxe's Q2 revenue rises, aided by expansion

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)