Ulta Beauty, Inc. · ULTA · Next earnings

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

ULTA reports after market close with consensus EPS at $5.63 and revenue at $2.99B. Last quarter: Ulta raises FY2026 outlook as fragrance and digital initiatives grow

Reports After market close28 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $5.63 Calendar consensus
Consensus revenue $2.99B Calendar consensus
Report date Dec 3, 2026 Thursday, date estimated
Session After market close 28 days away

Where ULTA left off: FY2026 Q2

Full report

Ulta raises FY2026 outlook as fragrance and digital initiatives grow

EPS surprise +5.3% Reported $6.55 vs $6.22
Revenue surprise +1.6% Reported $3.04B vs $2.99B
Stock move -4.2% Event window
Subsequent drift +4.5% Up to 20 sessions

Management raised FY2026 sales growth guidance to 6.7%-7.2% and EPS guidance to $28.70-$29.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Higher fuel and transportation costs could pressure margins.
  • Consumer price sensitivity and promotional competition remain risks.
  • Geopolitical conditions could affect Middle East expansion.
  • Growth in other revenue streams could slow.

Questions analysts left open

  • Flat comparable sales in mass makeup and heightened promotional competition.
  • Trade-down behavior, affordability trends, and digital profitability.
  • Sustainability of K-Beauty growth as the category matures.

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Recent ULTA quarters

All ULTA earnings
-4.2%FY2026 Q2-4.8%FY2026 Q1-4.8%FY2027 Q1-14.2%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

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.