Ulta Beauty, Inc.

Company facts

Industry

Retail-Retail Stores, NEC

Headquarters

Bolingbrook, Illinois

Most recent report

10-Q, filed Aug 27, 2026

Filings on record

1,000+ filings

On EDGAR

CIK 1403568

Fiscal year ends

January

Filer status

Large accelerated filer

What to read: May 2026 10-Q

SECSift found 2 of 13 sections worth reading, with 2 positive, 5 notable, and 0 negative flags.

• Financial Statements (Item 1)

  Full financial statements with actual Q1 2026 results and major cash/buyback story.
  Notable

  • 68 performance stock options issued in Q1 2026, a new award type not present in prior period.

• Management's Discussion (Item 2)

  Filled with concrete results: sales up 11.1%, comps 5.3%, credit drawn $145M, buyback $560M.
  Positive

  • Net sales grew 11.1% to $3.2B in Q1 2026, driven by comps, Space NK, and new stores.
  • Gross profit margin expanded to 40.1% in Q1 2026 from 39.1% a year ago, driven by lower shrink and higher merchandise margin.
  Notable

  • SG&A as a % of sales rose to 25.8% from 24.9%, due to deleverage of corporate overhead and store expenses.
  • Interest income, net dropped from $3.5M income to $0.7M income, reflecting $144.9M drawn on credit facilities.
  • Credit facility borrowings rose to $144.9M at May 2, 2026, from $0 a year ago, split between US and Space NK lines.
  • Net income increased 11.6% to $340.5M in Q1 2026, but the rate of growth slowed vs sales growth.

What changed: May 2026 vs. Nov 2025

About 16% of ULTA's May 2026 10-Q is new information. 31 paragraphs were added, 95 changed, and 95 removed. Below are the most important lines SECSift identified.

• Item 2 49
• Item 1 44
• Item 3 3
• Item 6 2
• Item 4 2
• Item 1A 1
• Item 5 1