Overview

• Ulta reported Q1 net sales of $2.8 billion, a 4.5% year-over-year increase that exceeded analyst expectations.
• Adjusted EPS of $6.70 topped forecasts and comparable sales rose 2.9%, driven by a 2.3% rise in average ticket and a 0.6% uptick in transactions.
• Fragrance delivered double-digit growth while makeup and some skincare segments faced flat or modest declines.
• Management raised full-year EPS guidance to $22.65–$23.20 per share and lifted its sales outlook to as much as $11.7 billion.
• Ulta plans to expand its UB Media platform and roll out new brand partnerships to diversify revenue as global trade uncertainty and consumer wallet pressures loom.