Ulta Beauty Jumps 7% After Q1 Beat and Raises 2026 EPS Outlook

2 articles · Updated · CNBC · Jun 2

$7.74 in quarterly EPS and $3.16 billion in revenue topped Wall Street estimates, sending Ulta shares up as much as 7% in extended trading.
Net sales rose about 11% in the quarter ended May 2, while comparable sales increased 5.3%, ahead of the 4.6% analysts expected.
Ulta lifted full-year EPS guidance to $28.36-$28.80 from $28.05-$28.55, while keeping same-store sales and revenue forecasts unchanged.
CEO Kecia Steelman credited broad-based growth across channels and categories, with TikTok Shop launches, more than 20 new brands and stronger fragrance sales helping offset a weaker consumer backdrop.

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