Ulta Beauty beats earnings estimates, raises 2026 outlook on strong sales and value focus

Ulta Beauty reported first-quarter fiscal 2026 earnings of $7.74 per share, surpassing analyst estimates of $6.86, with revenue rising 11.1% year-over-year to $3.16 billion. The company saw growth across fragrance, haircare, makeup, and skincare categories, driven by a mix of mass-to-luxury products and loyalty programs amid inflation pressures. Ulta expanded internationally with new stores in Mexico and the Middle East, launched an AI digital assistant, and plans a new distribution center and flagship store. It raised its full-year earnings guidance to $28.36-$28.80 per share and maintained revenue and sales growth forecasts, signaling confidence despite economic challenges.