A specialty beauty retailer that packs cosmetics, fragrance, skincare, and salon services from both mass-market and prestige brands under one roof. Founded in 1990 by a former pharmacy executive, it started life as Ulta3, the "3" standing for a third shopping option between drugstores and department stores. Its loyalty program counts tens of millions of members, and it has expanded into the U.K. through the Space NK brand.
Ulta Beauty reports Q2 FY2026 net sales up 8.9%, raises full-year guidance
Net sales for the second quarter ended August 1, 2026, increased 8.9% to $3,035.7 million from $2,788.5 million in the prior-year period.
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Comparable sales increased 3.8% in the quarter, and operating income rose 10.1% to $379.6 million.
Diluted EPS increased 13.3% to $6.55, up from $5.78 in the same quarter last year.
The company raised its fiscal 2026 outlook: net sales growth now 6.7% to 7.2%, comparable sales growth 3.2% to 3.7%, operating income growth 8.3% to 9.3%, and diluted EPS $28.70 to $29.00.
The share repurchase plan for fiscal 2026 was increased to $1.8 billion from $1.5 billion.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Ulta Beauty appoints Brieane Olson to its Board of Directors, effective August 31, 2026
She will fill the Board seat vacated by Kelly E. Garcia, whose resignation becomes effective on the same date.
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Brieane L. Olson, 47, was appointed as an independent director of Ulta Beauty, effective August 31, 2026.
Olson is CEO of Pacific Sunwear (PacSun) since May 2023, and previously held roles including President and Chief Brand Officer.
Her initial term runs until the 2027 Annual Meeting of Stockholders, and she will receive standard non-employee director compensation.
The Board selected Olson for her experience as a sitting CEO and background in specialty retail, strategy, and brand building.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Ulta Beauty appoints Kelly Garcia as Chief Technology Officer, effective August 31, 2026
Garcia's resignation from the board is effective on the date he begins his CTO role.
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Kelly Garcia will transition from the board of directors to Chief Technology Officer, with a start date of August 31, 2026.
Garcia has been a board member since 2022 and previously served as EVP and CTO of Domino's Pizza since July 2012.
The appointment was announced in a press release on July 14, 2026, furnished as Exhibit 99.1.
CEO Kecia Steelman highlighted Garcia's 25+ years of experience in e-commerce, loyalty, digital innovation, and cybersecurity.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Ulta Beauty stockholders approve 2026 Incentive Award Plan at annual meeting
Stockholders elected ten directors to serve until the 2027 annual meeting, including Martin Brok, Kelly E. Garcia, Catherine A. Halligan, Stephenie Landry, Patricia A. Little, George R. Mrkonic, Lorna E. Nagler, Gisel Ruiz, Michael C. Smith, and Kecia L. Steelman.
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At the June 9, 2026 annual meeting, stockholders approved the 2026 Incentive Award Plan, replacing the 2011 plan; 5,001,201 shares are authorized for issuance.
Stockholders approved amendments to the certificate of incorporation providing for officer exculpation and Delaware exclusive forum provisions.
Stockholders ratified Ernst & Young LLP as independent auditor for fiscal 2026 and approved executive compensation in an advisory vote.
Approximately 87.42% of outstanding shares were represented at the meeting.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
Ulta Beauty adopts new Executive Severance Plan effective December 15, 2025
Eligible executives receive two times base salary paid bi-weekly over 24 months, plus a lump sum equal to one times the lower of target or actual annual bonus.
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Ulta Beauty adopted an Executive Severance Plan on December 15, 2025, providing severance to executive officers for involuntary termination without Cause, excluding change-in-control, death, or disability.
The plan also provides company-paid COBRA premiums for up to 12 months following termination.
Severance is contingent on signing a general release and complying with restrictive covenants for 24 months post-termination.
The new plan replaces prior severance arrangements but does not affect the existing Executive Change in Control and Severance Plan dated March 24, 2017.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Ulta Beauty Q3 FY2025 net sales up 12.9% to $2.9B; raises full-year guidance
Third quarter net sales increased 12.9% to $2.86 billion from $2.53 billion a year earlier.
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Comparable sales rose 6.3% in Q3, driven by a 3.8% increase in average ticket and a 2.4% increase in transactions.
Q3 net income was $230.9 million, or $5.14 per diluted share, flat EPS versus the prior year quarter.
The company raised its fiscal 2025 outlook: net sales of approximately $12.3 billion, comparable sales up 4.4% to 4.7%, and diluted EPS of $25.20 to $25.50.
During Q3, Ulta repurchased 426,914 shares for $224.7 million; $2.0 billion remained under its $3.0 billion buyback program.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits