ULTA

EX-99.1

2 ulta-20260602xex99d1.htm

EX-99.1

Exhibit 99.1

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ULTA BEAUTY ANNOUNCES FIRST QUARTER FISCAL 2026 RESULTS AND UPDATES FISCAL 2026 GUIDANCE

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●Net sales increased 11.1%

●Comparable sales increased 5.3%

●Operating income increased 11.6% to $448.3 million

●Diluted EPS increased 15.5% to $7.74

●Returned $555.0 million of capital to shareholders through share repurchases

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Bolingbrook, IL – June 2, 2026 – Ulta Beauty, Inc. (NASDAQ: ULTA) today announced consolidated financial results for the thirteen-week period (“first quarter”) ended May 2, 2026, compared to the same period ended May 3, 2025:

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13 Weeks Ended

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May 2,

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May 3,

(Dollars in millions, except per share data)

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2026

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2025

Net sales

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$

3,163.9

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$

2,848.4

Comparable sales

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5.3%

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2.9%

Gross profit (as a percentage of net sales)

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40.1%

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39.1%

Selling, general and administrative expenses

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$

814.7

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$

710.6

Operating income growth

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11.6%

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0.2%

Diluted earnings per share

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$

7.74

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$

6.70

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“Fiscal 2026 is off to a strong start driven by broad-based growth across all channels and major categories. 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. I am particularly proud of our teams’ commitment to delighting our guests while also advancing our longer-term strategic initiatives with discipline,” said Kecia Steelman, president and chief executive officer. “Looking ahead, we remain focused on delivering long-term shareholder value through our strategic growth initiatives, continued prudent cost management, and our differentiated guest experience.”

First Quarter of Fiscal 2026 Compared to First Quarter of Fiscal 2025

●Net sales increased 11.1% to $3.2 billion, primarily due to increased comparable sales, the acquisition of Space NK, and sales from new stores.

●Comparable sales increased 5.3%, driven by a 3.7% increase in average ticket and a 1.6% increase in transactions.

●Gross profit increased 13.8% to $1.3 billion. As a percentage of net sales, gross profit increased to 40.1% compared to 39.1%, primarily due to lower inventory shrink and higher merchandise margin.

●Selling, general and administrative (“SG&A”) expenses increased 14.6% to $814.7 million, primarily due to the acquisition of Space NK. As a percentage of net sales, SG&A expenses increased to 25.8% compared to 24.9%, primarily due to deleverage of corporate overhead due to strategic enterprise investments and store expenses, partially offset by leverage of advertising expenses.

●Operating income increased 11.6% to $448.3 million, or 14.2% of net sales.

●Diluted earnings per share increased 15.5% to $7.74.

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Balance Sheet and Capital Deployment

Cash and cash equivalents at the end of the first quarter of fiscal 2026 were $166.3 million. Short-term investments at the end of the first quarter of fiscal 2026 were $55.0 million. Short-term debt at the end of the first quarter of fiscal 2026 was $144.9 million.

Merchandise inventories, net at the end of first quarter of fiscal 2026 increased 12.5% to $2.4 billion. The increase was primarily due to inventory to support new brand launches, the acquisition of Space NK, strategic investments in key categories, and 70 net new Ulta Beauty stores since May 3, 2025.

During the first quarter of fiscal 2026, the Company invested $58.3 million in capital expenditures, primarily driven by investments in new and existing stores.

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During the first quarter of fiscal 2026, the Company repurchased 958,323 shares of its common stock at a cost of $555.0 million. As of May 2, 2026, $1.3 billion remained available under the $3.0 billion share repurchase program announced in October 2024.

Fiscal 2026 Outlook ​

Based on current estimates, the Company has updated its outlook for fiscal 2026.

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Initial Fiscal 2026 Outlook

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Updated Fiscal 2026 Outlook

Net sales growth

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6% to 7%

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no change

Comparable sales growth

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2.5% to 3.5%

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no change

Operating income growth

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6% to 9%

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6.5% to 9%

Diluted earnings per share

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$28.05 to $28.55

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$28.36 to $28.80

Capital expenditures

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$400 million to $450 million

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no change

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Conference Call Information

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A conference call to discuss first quarter of fiscal 2026 results is scheduled for today, June 2, 2026, at 4:30 p.m. Eastern Time / 3:30 p.m. Central Time. During the conference call, a related presentation will be webcast live. Investors and analysts who are interested in participating in the call are invited to register for the live event at https://q1-2026-ulta-beauty-earnings-conference-call.open-exchange.net/.

A copy of the presentation and a replay of the webcast will be available and archived for a limited time on the company's Investor Relations website at https://www.ulta.com/i

ULTA BEAUTY, INC._March 12, 2026 0001403568false00014035682026-03-122026-03-12 ​

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 12, 2026

ULTA BEAUTY, INC.

(Exact name of registrant as specified in its charter)

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Delaware 001-33764 38-4022268

(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)

​ ​ ​

​ 1000 Remington Blvd., Suite 120, Bolingbrook, Illinois 60440 ​

​ (Address of Principal Executive Offices and zip code) ​

(630) 410-4800 (Registrant’s telephone number, including area code) Not Applicable (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ​

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☐ Written communications pursuant to Rule 425 under the Securities Act (17 C.F.R. §230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 C.F.R. §240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 C.F.R. §240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 C.F.R. §240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: ​

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Title of each class ​ ​ Trading Symbol ​ ​ Name of each exchange on which registered

Common Stock, par value $0.01 per share ​

ULTA

​ The NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company      ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.      ☐ ​ ​ ​

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Item 2.02 Results of Operations and Financial Condition. ​ On March 12, 2026, Ulta Beauty, Inc. issued a press release regarding its consolidated financial results for the fourth quarter ended January 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this report. ​ Item 9.01 Financial Statements and Exhibits. ​ (d) Exhibits. ​ The exhibits listed in the Exhibit Index below are being furnished herewith. ​ ​

Exhibit No. ​ ​ ​ Description

99.1 ​ Press release issued by Ulta Beauty, Inc. on March 12, 2026 announcing consolidated financial results for the fourth quarter ended January 31, 2026.

104 ​ Cover Page Interactive Data File (the cover page tags are embedded within the Inline XBRL document)

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2

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SIGNATURES

​ Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ​ ​

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ULTA BEAUTY, INC.

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Date: March 12, 2026 By: /s/ Rene G. Cásares

​ ​ Rene G. Cásares

​ ​ Chief Legal Officer

​ ​ ​

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ULTA BEAUTY, INC._December 4, 2025 0001403568false00014035682025-12-042025-12-04 ​

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 4, 2025

ULTA BEAUTY, INC.

(Exact name of registrant as specified in its charter)

​

​

​

Delaware 001-33764 38-4022268

(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)

​ ​ ​

​ 1000 Remington Blvd., Suite 120, Bolingbrook, Illinois 60440 ​

​ (Address of Principal Executive Offices and zip code) ​

(630) 410-4800 (Registrant’s telephone number, including area code) Not Applicable (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ​

​

☐ Written communications pursuant to Rule 425 under the Securities Act (17 C.F.R. §230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 C.F.R. §240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 C.F.R. §240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 C.F.R. §240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: ​

​

​

​

​

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock, par value $0.01 per share ​

ULTA

​ The NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company      ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.      ☐ ​ ​ ​

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Item 2.02 Results of Operations and Financial Condition. ​ On December 4, 2025, Ulta Beauty, Inc. issued a press release regarding its consolidated financial results for the third quarter ended November 1, 2025. A copy of the press release is furnished as Exhibit 99.1 to this report. ​ Item 9.01 Financial Statements and Exhibits. ​ (d) Exhibits. ​ The exhibits listed in the Exhibit Index below are being furnished herewith. ​ ​

Exhibit No.

Description

99.1 ​ Press release issued by Ulta Beauty, Inc. on December 4, 2025 announcing consolidated financial results for the third quarter ended November 1, 2025.

104 ​ Cover Page Interactive Data File (the cover page tags are embedded within the Inline XBRL document)

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2

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SIGNATURES

​ Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ​ ​

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ULTA BEAUTY, INC.

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Date: December 4, 2025 By: /s/ Rene G. Cásares

​ ​ Rene G. Cásares

​ ​ Chief Legal Officer

​ ​ ​

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