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Ulta’s Prestige Beauty Shines Despite Consumer Pressure
Comparable sales rose 5.3% and net sales climbed 11.1%, helping Ulta lift its full-year earnings guidance.
- Ulta Beauty reported first-quarter net sales of $3.2 billion, an 11.1% increase, exceeding Wall Street expectations and prompting the retailer to raise full-year earnings guidance to between $28.36 and $28.80 per share.
- President and Chief Executive Officer Kecia Steelman attributed the performance to the 'Ulta Beauty Unleashed' strategy, emphasizing focused execution amid macroeconomic uncertainty and consumer value pressures.
- Fragrance remained the strongest category, increasing to 12% of revenue, while the company expanded its loyalty program to nearly 47 million members and launched on TikTok Shop.
- Capitalizing on strong performance, the company increased its fiscal 2026 stock buyback target by half a billion dollars to $1.5 billion, supporting double-digit earnings growth.
- Plans for a highly experiential flagship store in Times Square, New York, were announced, expected to open in late 2027 and showcase next-level brand building capabilities.
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13 Articles
13 Articles
Ulta Beauty Q1 Earnings Call Highlights
Ulta Beauty (NASDAQ:ULTA) reported a strong start to fiscal 2026, with management citing broad-based sales growth across channels and categories, improved gross margin and continued progress on strategic initiatives including international expansion, marketplace, wellness, media and artificial intel
Coverage Details
Total News Sources13
Leaning Left3Leaning Right1Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 30%
C 60%
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