Ulta Beauty Inc
ULTA - Insider Information
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+ FollowMarket Cap$27.38B
Close$
Earnings Call Q2 2026
August 27, 2026 - AI Summary
Strong Q2 operating performance (core “Ulta Beauty Unleashed” flywheel)
- Net sales: +$8.9% YoY to ~$3.0B
- Comparable sales (comp): +3.8%
- Operating profit: +10.1% YoY to $380M (margin 12.5% vs 12.4%)
- Diluted EPS: +$13.3% YoY to $6.55
- Business highlights: 47M active loyalty members (+3%), avg spend up, 15 new brands launched, earned media/awareness hit record levels, and app engagement where the app drives >60% of online sales.
Channel + merchandising momentum (and what drove it)
- Stores: 13 net new Ulta Beauty stores; modest store comp growth (lapped strong prior-year quarter), driven by events/promotions (e.g., Big Summer Beauty Sale, Mother’s Day, Father’s Day) and 40,000+ in-store events.
- E-commerce: 6th consecutive quarter of double-digit growth; e-commerce delivered high teens sales growth and higher performance tied to improved omni-channel convenience (buy anywhere, fill anywhere) and fulfillment from 1,500+ convenience store locations.
- Fragrance leadership: High-teen comp growth; supported by strong Mother’s Day/Father’s Day moments and frequent culturally relevant newness.
- TikTok Shop: continued traction—100M+ impressions since launch and used Chelsea, NY store as a live shopping studio; increasing brand/creator interest.
- K-Beauty momentum: double-digit growth; nearly half of K-Beauty sales came from exclusives/exclusive products.
Gross margin pressure but managed well
- Gross margin: 39.1% vs 39.2% last year (down modestly), primarily due to Space NK mix.
- Management offset with shrink reductions, supply chain productivity, and merchandise margin preservation, while SG&A discipline supported earnings growth.
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$481.27
27.2% downside
Current Fair Value
27.2% downsideOvervalued by 27.2% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $27.38 Billion |
|---|---|
| Enterprise Value | $30.33 Billion |
| Earnings per Share | $25.72 |
| Beta | 0.84 |
| Outstanding Shares | 43,368,000 |
Return
| Return on Equity | 45.77% |
|---|---|
| Return on Assets | 17.38% |
| Return on Invested Capital | 105.06% |
Valuation & Multiples
| P/E Ratio | 23.25 |
|---|---|
| PEG | 286.99 |
| Price to Sales | 2.22 |
| Price to Book Ratio | 11.02 |
| Enterprise Value to Revenue | 2.34 |
| Enterprise Value to EBIT | 6.16 |
| Enterprise Value to Net Income | 25 |
| Total Debt to Enterprise | 0.1 |
| Debt to Equity | 1.17 |
Revenue Sources
No data
Last Earnings Call
Report Date
August 27, 2026
EPS Estimate
$6.22
Consensus analyst estimateRevenue Estimate
$2.99 B
Consensus analyst estimateNext Earnings Call
Expected Date
December 3, 2026
EPS Estimate
$5.63
Consensus analyst estimateRevenue Estimate
$2.99 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 72.79% |
|---|---|
| Total Calls | 200▼ 99.99% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 21.50%▼ 77.62% |
|---|---|
| Total Invested | $1.56B▼ 92.05% |
| Investors Holding | 381▼ 696.00% |
About Ulta Beauty Inc
24,200 employees
CEO: Mary Dillon
Ulta Beauty is the largest U.S. beauty retailer and the premier beauty destination for cosmetics, fragrance, skin care products, hair care products and salon services. Since 1990, the Company has brought together all things beauty, all i...