馃敼 Revenue: $2.79B (Est. $2.66B) 馃煝; UP +9.3% YoY
馃敼 EPS: $5.78 (Est. $4.99) 馃煝; UP +9.1% YoY
馃敼 Comparable Sales: +6.7%
FY25 Guide (Raised):
馃敼 Revenue: $12.0-$12.1B (Est. $11.72B) 馃煝
馃敼 EPS: $23.85-$24.30 (Est. $23.73) 馃煝
馃敼 Comparable Sales: +2.5% to +3.5% (Prev. 0% to +1.5%)馃煝
馃敼 Operating Margin: 11.9%-12.0%; Prev. 11.7%-11.8%
馃敼 New Stores: ~63; Prev. ~60
Other Q2 Metrics:
馃敼 Gross Profit Margin: 39.2%; UP +0.9 ppt YoY
馃敼 Operating Income: $344.9M; Operating Margin 12.4%
馃敼 Net Income: $260.9M; UP +3.3% YoY
Q2 Performance Drivers:
馃敼 Transaction Growth: +3.7% YoY
馃敼 Average Ticket: +2.9% YoY
馃敼 Store Count: 1,473 Ulta Beauty stores (excluding 83 Space NK stores)
馃敼 New Store Openings: 24 stores in Q2; 30 stores YTD
First Half FY25 Performance:
馃敼 Revenue: $5.64B; UP +6.8% YoY
馃敼 EPS: $12.49; UP +6.0% YoY
馃敼 Comparable Sales: +4.7% YoY
馃敼 Operating Margin: 13.2%
Other Key Metrics:
馃敼 Cash and Cash Equivalents: $242.7M
馃敼 Merchandise Inventories: $2.4B; UP +20.5% YoY
馃敼 Share Repurchases Q2: $109.5M (244,559 shares)
馃敼 Share Repurchases YTD: $468.3M (1.2M shares)
馃敼 Share Repurchase Authorization Remaining: $2.2B
Operational Updates:
馃敼 SG&A Expenses: $741.7M; UP +15.0% YoY
馃敼 Tax Rate: 24.5%
馃敼 Gross Profit: $1.1B; UP +11.6% YoY
馃敼 Space NK Integration: Acquired July 10, 2025
CEO Kecia Steelman's Commentary:
馃敻 "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."
馃敻 "As we look to the future, we remain committed to executing our Ulta Beauty Unleashed strategy and strengthening our operating model."
馃敻 "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."
馃敻 "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."