$ULTA (-0.88%)

🔹 Revenue: $2.79B (Est. $2.66B) 🟢; UP +9.3% YoY

🔹 EPS: $5.78 (Est. $4.99) 🟢; UP +9.1% YoY

🔹 Comparable Sales: +6.7%

FY25 Guide (Raised):

🔹 Revenue: $12.0-$12.1B (Est. $11.72B) 🟢

🔹 EPS: $23.85-$24.30 (Est. $23.73) 🟢

🔹 Comparable Sales: +2.5% to +3.5% (Prev. 0% to +1.5%)🟢

🔹 Operating Margin: 11.9%-12.0%; Prev. 11.7%-11.8%

🔹 New Stores: ~63; Prev. ~60

Other Q2 Metrics:

🔹 Gross Profit Margin: 39.2%; UP +0.9 ppt YoY

🔹 Operating Income: $344.9M; Operating Margin 12.4%

🔹 Net Income: $260.9M; UP +3.3% YoY

Q2 Performance Drivers:

🔹 Transaction Growth: +3.7% YoY

🔹 Average Ticket: +2.9% YoY

🔹 Store Count: 1,473 Ulta Beauty stores (excluding 83 Space NK stores)

🔹 New Store Openings: 24 stores in Q2; 30 stores YTD

First Half FY25 Performance:

🔹 Revenue: $5.64B; UP +6.8% YoY

🔹 EPS: $12.49; UP +6.0% YoY

🔹 Comparable Sales: +4.7% YoY

🔹 Operating Margin: 13.2%

Other Key Metrics:

🔹 Cash and Cash Equivalents: $242.7M

🔹 Merchandise Inventories: $2.4B; UP +20.5% YoY

🔹 Share Repurchases Q2: $109.5M (244,559 shares)

🔹 Share Repurchases YTD: $468.3M (1.2M shares)

🔹 Share Repurchase Authorization Remaining: $2.2B

Operational Updates:

🔹 SG&A Expenses: $741.7M; UP +15.0% YoY

🔹 Tax Rate: 24.5%

🔹 Gross Profit: $1.1B; UP +11.6% YoY

🔹 Space NK Integration: Acquired July 10, 2025

CEO Kecia Steelman's Commentary:

🔸 "The Ulta Beauty team delivered strong results in the second quarter, including 6.7% comparable sales growth. Outstanding top line performance, fueled by growth across all major categories, drove market share growth and better-than-expected profitability."

🔸 "As we look to the future, we remain committed to executing our Ulta Beauty Unleashed strategy and strengthening our operating model."

🔸 "Our outlook for the remainder of the year reflects both the strength of our year-to-date performance and our caution around how consumer demand may evolve in the second half of the year."

🔸 "While near-term uncertainty persists, we're staying focused on what we can control and on executing with excellence to deliver our uniquely Ulta Beauty experience."

$ULTA (-0.88%)

🔹 Revenue: $2.85B (Est. $2.79B) 🟢 +4.5% YoY

🔹 EPS: $6.70 (Est. $5.75) 🟢

🔹 Comparable Sales: +2.9% (vs. +1.6% YoY)

🔹 Gross Margin: 39.1% (vs. 39.2% YoY)

🔹 Inventory: $2.1B (+11.3% YoY)

FY25 Guidance

🔹 Revenue: $11.5B–$11.7B (Prior: $11.5B–$11.6B | Est. $11.58B) 😐

🔹 EPS: $22.65–$23.20 (Prior: $22.50–$22.90 | Est. $24.07) 🔴

🔹 Comparable Sales: 0% to +1.5% (Prior: 0% to +1%)

🔹 Operating Margin: 11.7%–11.8% (No change)

🔹 Share Repurchases: ~$900M (No change)

🔹 New Stores: ~60 | Remodels/Relocations: 40–45

🔹 CapEx: $425M–$500M

🔹 Tax Rate: ~24.5%

🔹 Depreciation/Amortization: $290M–$300M

Other Key Q1 Metrics:

🔹 Operating Margin: 14.1% (vs. 14.7% YoY)

🔹 Net Income: $305.1M (vs. $313.1M YoY)

🔹 SG&A Expenses: $710.6M (Up +6.7% YoY)

🔹 Store Footprint: 6 net new stores opened; now 1,451 total

🔹 Share Buybacks: $358.7M repurchased in Q1

🔹 Cash & Equivalents: $454.6M

Management Commentary

🔸 CEO: “Encouraging start to FY25 driven by the success of our Ulta Beauty Unleashed plan. However, outlook reflects consumer demand uncertainty. We remain focused and agile.”

#erstkauf

$ULTA (-0.88%)

🔹 Adj. EPS: $8.46 (Est. $7.12) 🟢

🔹 Revenue: $3.49B (Est. $3.46B) 🟢 (-3.1% YoY)

🔹 Comparable Sales: +1.5% (Est. +0.8%) 🟢

🔹 Gross Margin: 38.2% (Est. 37.2%) 🟢

FY25 Guidance

🔹 EPS: $22.50 - $22.90 (Est. $23.20) 🔴

🔹 Revenue: $11.5B - $11.6B (Est. $11.55B) 😑

🔹 Comp Sales Growth: 0% - 1% (Est. +1.2%) 🔴

🔹 Operating Margin: 11.7% - 11.8% (vs. 13.9% FY24) 🔴

🔹 CapEx: $425M - $500M

🔹 New Stores: ~60 (Flat YoY)

Balance Sheet & Inventory

🔹 Merchandise Inventories: $1.97B (+13% YoY) (Est. $1.78B)

🔹 Cash & Cash Equivalents: $703.2M

🔹 Share Repurchase: $249.5M in Q4, $1B total in FY24

🔹 SG&A: $815.6M (-0.6% YoY, lower than $842.9M Est.)

🔹 Operating Margin: 14.8% (vs. 14.5% YoY)

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Ulta Beauty $ULTA (-0.88%)

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