Ulta Beauty Announces Second Quarter 2026 Results

Ulta Beauty announced its consolidated financial results for the thirteen weeks (second quarter) ended August 1, 2026. These results were compared to the same period ended August 2, 2025.

Kecia Steelman, president and chief executive officer, commented:

“Our team delivered another impressive quarter of strong sales, profit, and earnings growth, demonstrating that we are executing with discipline and translating our Ulta Beauty Unleashed strategy into tangible benefits for our guests. We continue to strengthen our position as the ultimate beauty discovery destination, leveraging our unique understanding of our guests to drive excitement and growth through compelling innovation, value, experiences, and convenience.”

Second Quarter of Fiscal 2026 Compared to Second Quarter of Fiscal 2025

• Net sales increased 8.9% to $3.0 billion, mostly from increased comparable sales, the acquisition of Space NK, and sales from new stores.
• Comparable sales increased 3.8%.
• Gross profit increased 8.7% to $1.2 billion. As a percentage of net sales, gross profit decreased to 39.1% compared to 39.2%. This is due to the impact of the Space NK business mix.
• Selling, general and administrative (SG&A) expenses increased 8.2% to $802.8 million, primarily due to the acquisition of Space NK. As a percentage of net sales, SG&A expenses decreased to 26.4% compared to 26.6% in 2025.
• Operating income increased 10.1% to $379.6 million. As a percentage of net sales, operating income was 12.5% compared to 12.4% last year.
• Diluted earnings per share increased 13.3% to $6.55.

Steelman continued, 

“With our strong first-half performance, we have raised our financial guidance for the year, reflecting our confidence in our strategic priorities and our ability to drive profitable growth and long-term value for all stakeholders in a dynamic environment.”

Based on current estimates, Ulta Beauty updated its outlook for fiscal year 2026. Net sales growth is now estimated to be 6.7% to 7.2% compared to the previous outlook of 6% to 7%.