Overview

• Ulta reported first-quarter net sales of $2.85 billion, up 4.5% year-over-year and above the $2.79 billion analysts expected.
• Comparable store sales rose 2.9% as average transaction value climbed 2.3% and transaction count increased 0.6%.
• CEO Kecia Steelman said consumers are treating beauty purchases as a comfort and escape, with new launches like Milk Makeup and K-beauty driving traffic.
• The company boosted its full-year earnings per share forecast to $22.65–$23.20 from $22.50–$22.90, citing lower inventory losses and disciplined cost controls.
• Digital channels continue to expand, with over 60% of e-commerce sales now generated through the Ulta Beauty mobile app.