Equity Profile

ULTA

Ulta Beauty, Inc.

Consumer DiscretionaryOther Specialty Retail$20.2B

Jun2Tue

Pre-Earnings Brief

UpcomingQ1-2026After Close5:00 PM EDT

Company Snapshot

Ulta Beauty, Inc. is a leading beauty retailer in the consumer discretionary sector, offering a wide range of cosmetics, skincare, and haircare products....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well Ulta is managing its costs and sales.

$6.89

Revenue

Total revenue provides insight into overall sales performance and market demand for Ulta's products.

$3.1B

Wall Street expectations, options signals, track record, and call prep available with Pro.

ULTA Q1-2026 Earnings Preview

Context

Company Snapshot

Ulta Beauty, Inc. is a leading beauty retailer in the consumer discretionary sector, offering a wide range of cosmetics, skincare, and haircare products. With a market cap of $20 billion, Ulta plays a significant role in the beauty industry, benefiting from trends in consumer spending and the growing demand for beauty products.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+10.45%

Avg Stock Reaction

-1.22%

Last Quarter Recap

In the last quarter, Ulta reported an EPS of $8.01, matching analyst expectations, but the stock fell 4.28% the next day. The company continues to show strong performance despite market fluctuations.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Ulta to report solid earnings this quarter, with a consensus EPS of $6.89 and revenue of $3.1 billion. The market is closely watching how consumer spending trends will impact sales.

Bull Case

If Ulta exceeds expectations, it could indicate strong consumer demand and effective marketing strategies, potentially leading to a positive stock reaction.

Bear Case

Conversely, if Ulta misses earnings expectations or provides weak guidance, it could raise concerns about consumer spending and competition in the beauty sector.

Key Metrics to Watch

EPS

$6.89

Earnings per share is a key indicator of profitability and will show how well Ulta is managing its costs and sales.

Revenue

$3.1B

Total revenue provides insight into overall sales performance and market demand for Ulta's products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Ulta's EPS exceed the consensus estimate of $6.89?

A strong EPS could indicate effective cost management and robust sales, which are crucial for investor confidence.

How does Ulta anticipate consumer spending trends impacting revenue this quarter?

Understanding management's outlook on consumer behavior will be key to assessing future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Ulta's ability to capture market share in a competitive environment, especially with new product launches.

Supporting Evidence

Ulta has consistently beaten EPS estimates in the past, suggesting strong operational execution.

The options market is pricing a larger move than historical averages, indicating potential for a surprise.

Recent insider buying could suggest confidence in upcoming performance.

Key Risk

If Ulta's revenue growth falls below $3.1 billion, it could challenge the bullish consensus on consumer spending.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Ulta can maintain its growth amidst changing consumer spending habits.

Bull Confirmed If

An EPS of $7.00 or higher would confirm strong demand and effective cost management.

Bear Confirmed If

An EPS below $6.54 would raise concerns about sales performance and market competition.

Pre-Earnings Positioning

Options Market

Implied Move

±9.64%

Historical Avg

±2.0%

Pricing rich

The options market is pricing in a significant move, suggesting that traders anticipate volatility around the earnings report.

Options are pricing ±9.6% while ULTA has averaged ±2.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.0%

30d HV

30.5%

Calls (117K)P/C Ratio: 1.81Puts (115K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Ulta beats expectations, history suggests the stock could rise around 2.25%, confirming strong consumer demand.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may experience muted movement as investors reassess growth prospects.

Miss

Should Ulta miss earnings, history indicates a potential decline of about 0.21%, reflecting investor disappointment.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$15,001.00–$50,000.00

disclosed dollar ranges

Most Active Members

R-FLMaria Elvira SalazarRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches and their expected impact on sales.
2Management's commentary on consumer spending trends and how they are adapting.
3Insights into inventory management and supply chain challenges.
4Details on marketing strategies and their effectiveness in driving traffic.
5Any guidance on future quarters and how they expect to navigate market conditions.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Ulta Beauty, Inc. is a leading beauty retailer in the consumer discretionary sector, offering a wide range of cosmetics, skincare, and haircare products....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well Ulta is managing its costs and sales.

$6.89

Revenue

Total revenue provides insight into overall sales performance and market demand for Ulta's products.

$3.1B

Wall Street expectations, options signals, track record, and call prep available with Pro.

ULTA Q1-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+10.45%

Avg Stock Reaction

-1.22%

Last Quarter Recap

In the last quarter, Ulta reported an EPS of $8.01, matching analyst expectations, but the stock fell 4.28% the next day. The company continues to show strong performance despite market fluctuations.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Ulta to report solid earnings this quarter, with a consensus EPS of $6.89 and revenue of $3.1 billion. The market is closely watching how consumer spending trends will impact sales.

Bull Case

If Ulta exceeds expectations, it could indicate strong consumer demand and effective marketing strategies, potentially leading to a positive stock reaction.

Bear Case

Conversely, if Ulta misses earnings expectations or provides weak guidance, it could raise concerns about consumer spending and competition in the beauty sector.

Key Metrics to Watch

EPS

$6.89

Earnings per share is a key indicator of profitability and will show how well Ulta is managing its costs and sales.

Revenue

$3.1B

Total revenue provides insight into overall sales performance and market demand for Ulta's products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Ulta's EPS exceed the consensus estimate of $6.89?

A strong EPS could indicate effective cost management and robust sales, which are crucial for investor confidence.

How does Ulta anticipate consumer spending trends impacting revenue this quarter?

Understanding management's outlook on consumer behavior will be key to assessing future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Ulta's ability to capture market share in a competitive environment, especially with new product launches.

Supporting Evidence

Ulta has consistently beaten EPS estimates in the past, suggesting strong operational execution.

The options market is pricing a larger move than historical averages, indicating potential for a surprise.

Recent insider buying could suggest confidence in upcoming performance.

Key Risk

If Ulta's revenue growth falls below $3.1 billion, it could challenge the bullish consensus on consumer spending.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Ulta can maintain its growth amidst changing consumer spending habits.

Bull Confirmed If

An EPS of $7.00 or higher would confirm strong demand and effective cost management.

Bear Confirmed If

An EPS below $6.54 would raise concerns about sales performance and market competition.

Pre-Earnings Positioning

Options Market

Implied Move

±9.64%

Historical Avg

±2.0%

Pricing rich

The options market is pricing in a significant move, suggesting that traders anticipate volatility around the earnings report.

Options are pricing ±9.6% while ULTA has averaged ±2.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.0%

30d HV

30.5%

Calls (117K)P/C Ratio: 1.81Puts (115K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Ulta beats expectations, history suggests the stock could rise around 2.25%, confirming strong consumer demand.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may experience muted movement as investors reassess growth prospects.

Miss

Should Ulta miss earnings, history indicates a potential decline of about 0.21%, reflecting investor disappointment.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$15,001.00–$50,000.00

disclosed dollar ranges

Most Active Members

R-FLMaria Elvira SalazarRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches and their expected impact on sales.
2Management's commentary on consumer spending trends and how they are adapting.
3Insights into inventory management and supply chain challenges.
4Details on marketing strategies and their effectiveness in driving traffic.
5Any guidance on future quarters and how they expect to navigate market conditions.