Ulta Beauty raises full-year forecast after reporting growth in all major categories, exceeding Wall Street’s quarterly sales expectations. Expects net sales of $12-12.1 billion, up from $11.3 billion last fiscal year, and earnings per share of $23.85-24.30. Comparable sales projected to grow 2.5-3.5%. CEO cautious about consumer demand evolution.

Ulta’s fiscal second-quarter results beat Wall Street expectations. Earnings per share were $5.78 and revenue was $2.79 billion, up from $2.55 billion in the year-ago quarter. Net income increased to $260.88 million. Tariffs and competition pose challenges, but Ulta is less directly impacted by tariffs due to minimal direct imports.

Ulta’s comparable sales grew 6.7% year over year in the second quarter, exceeding analysts’ expectations. Customers visited more and spent more online and in stores. Ulta expands internationally with the acquisition of British beauty retailer Space NK. Plans to open stores in Mexico City, Kuwait City, and Dubai. Launching a third-party marketplace.

Read more at CNBC: Ulta Beauty (ULTA) earnings Q2 2025