Ulta Beauty beats Q1 estimates, shares fall on muted full-year outlook

Ulta raised its fiscal 2026 net guidance to a scope of $28.36 to $28.80 per share, up from its anterior forecast of $28.05 to $28.55. However, the midpoint of the caller range, $28.58, was lone somewhat supra the erstwhile midpoint and astir successful enactment with analysts' expectations.

The institution near its forecasts for nett income maturation of 6% to 7% and comparable income maturation of 2.5% to 3.5% unchanged. Ulta somewhat accrued its operating income maturation outlook to 6.5% to 9%, compared with its erstwhile projection of 6% to 9%.

Capital expenditures are inactive expected to beryllium betwixt $400 cardinal and $450 cardinal for the fiscal year.

For the 4th ended May 2, Ulta reported net per stock of $7.74, up 15.5% from a twelvemonth earlier and up of analysts' expectations of $6.87.

Revenue roseate 11.1% year-over-year to $3.16 billion, topping the statement estimation of $3.11 billion.

Comparable income accrued 5.3%, exceeding expert expectations for astir 4.6% growth. The summation was driven by a 3.7% summation successful mean summons size and a 1.6% summation successful transactions.

The institution besides returned $555 cardinal to shareholders done stock repurchases during the quarter.

"Fiscal 2026 is disconnected to a beardown commencement driven by broad-based maturation crossed each channels and large categories," Ulta CEO Kecia Steelman said successful a statement.

"Our results show the strengths of our model, focused execution of our talented associates, and the effectiveness of our strategy successful an uncertain macroeconomic landscape."