Ulta Beats Q2 2026, Raises Full-Year Guidance

Ulta Beauty reported fiscal Q2 2026 results of about $3.04 billion in net sales and $6.55 in diluted EPS, beating estimates and signaling year-over-year growth driven by new stores and the Space NK acquisition. The company raised its full-year guidance to $28.70-$29.00 EPS and revenue growth of roughly 6.7% to 7.2%, with expected comparable sales up 3.2% to 3.7%. Management cited innovation, value, and convenience as key drivers, and noted that Space NK contributed to margins and mix. Ulta expanded its store footprint to 1,622 locations globally, continued capital investments, and boosted its share repurchase authorization to up to $1.8 billion for fiscal 2026. Despite solid results, Ulta’s stock has lagged broader markets year-to-date amid volatility, but activity reflected overall market movement. The results and raised guidance position Ulta for continued growth, with margins to be monitored amid recent acquisitions.