Ulta Beauty beats Q1 earnings and revenue estimates, raises full-year EPS forecast.

Ulta Beauty reported better-than-expected earnings per share of $7.74 and revenue of $3.16 billion for its fiscal first quarter, with net sales up 11% year-over-year and comparable sales rising 5.3%. The company reaffirmed its full-year revenue and same-store sales guidance but raised its earnings per share forecast to between $28.36 and $28.80. CEO Kecia Steelman highlighted strong growth across all channels despite economic challenges like inflation and rising gas prices. This strong start to fiscal 2026 boosted investor confidence, pushing shares up 7% in after-hours trading.