Ulta Beauty raised its full-year sales outlook after exceeding expectations for the fiscal third quarter. Net sales for the year are now estimated at $12.3 billion, up from $11.3 billion last year. Earnings per share are expected to be $25.20 to $25.50. Comparable sales are projected to rise by 4.4% to 4.7%. Ulta has raised its sales and profit outlook for two consecutive quarters, with earnings per share at $5.14 and revenue at $2.86 billion for the fiscal third quarter.

Ulta has benefited from strong beauty sales in the U.S. this year, with prestige beauty sales up 4% and mass beauty sales up 5% year over year in the first nine months of 2025. The company faces competition from big-box retailers, online players, and upstarts. Beauty is expected to be a popular category during the holidays, with more consumers planning to gift beauty products.

Ulta reported a net income of $230.9 million for the three-month period ending Nov. 1, with revenue increasing from the year-ago quarter. Christopher DelOrefice will become Ulta’s new CFO starting on Dec. 5. Ulta’s shares have risen about 23% this year, outperforming the S&P 500’s gains. This is breaking news, stay tuned for updates.

Read more at CNBC: Ulta (ULTA) earnings Q3 2025