Ulta Beauty, Inc. · ULTA · Next earnings

Ulta Beauty, Inc. reports Thursday, Dec 3, 2026

ULTA reports after market close with consensus EPS at $5.60 and revenue at $2.99B. Last quarter: Ulta Beauty Q1: 11% Sales Growth, EPS Beat, Raised Profit Outlook on Fragrance Strength

Reports After market close74 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $5.60 Calendar consensus
Consensus revenue $2.99B Calendar consensus
Report date Dec 3, 2026 Thursday, date estimated
Session After market close 74 days away

Where ULTA left off: FY2027 Q1

Full report

Ulta Beauty Q1: 11% Sales Growth, EPS Beat, Raised Profit Outlook on Fragrance Strength

EPS surprise +12.3% Reported $7.74 vs $6.89
Revenue surprise +1.4% Reported $3.16B vs $3.12B
Stock move -4.8% Event window
Subsequent drift -2.1% Up to 20 sessions

Sales growth guidance maintained at 6–7%. Operating profit growth guidance raised to 6.5–9% (from flat-to-modestly-up). EPS guidance raised to $28.36–$28.80 (from $28.05–$28.55). Capex outlook stable at $58M for the quarter. $1.5B share repurchase program authorized. Guidance sentiment: maintained on sales with upward revision on profit and EPS.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Macroeconomic uncertainty and inflationary pressure on consumer spending.
  • Higher fuel and transportation costs affecting margins.
  • Potential decline in inventory shrink benefits in later quarters.
  • Intensifying competition from mass merchants, online platforms, and other beauty retailers.

Questions analysts left open

  • Sustainability of comp sales growth after a strong Q1 performance.
  • Future SG&A leverage and expense growth trajectory.
  • Flat gross-margin outlook for the full year.
  • Impact of promotional activity on profitability.
  • Contribution of TikTok Shop to comparable sales.

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Recent ULTA quarters

All ULTA earnings
-4.8%FY2027 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2027 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.