Ulta Beauty concludes 2025 on a high note, driven by a strong Q3 earnings beat and a significant 42.3% stock surge year-to-date. The company's net sales reached $2.86 billion and EPS hit $5.14, exceeding estimates. Under new CEO Kecia Steelman, strategic initiatives like international expansion into Mexico, integration of Space NK for European entry, and an expanded wellness focus have fueled this growth, positioning the retailer for continued momentum into 2026.