Ulta Beauty reported second quarter 2026 results that exceeded analyst estimates for both revenue and earnings. Net sales grew 8.9% to $3.04 billion, supported by a 3.8% increase in comparable sales and contributions from the Space NK acquisition. Management subsequently raised its full-year fiscal 2026 guidance for sales and EPS while increasing its share repurchase target to $1.8 billion.
Key Highlights
- Comparable sales growth of 3.8% outperformed the 2.3% consensus estimate, indicating strong consumer resilience in prestige beauty.
- Diluted EPS increased 13.3% to $6.55, driven by higher operating income and a reduction in share count.
- Fiscal 2026 EPS guidance was raised to $28.70–$29.00 from the prior range of $28.36–$28.80.
- The company increased its fiscal 2026 stock repurchase plan to $1.8 billion from $1.5 billion, reflecting confidence in its strategic execution.