Ulta Beauty posts 11% sales growth, 5.3% comps as Space NK acquisition drives expansion

Filed June 2, 2026 · Period ending May 2, 2026 · Compared to 10-Q May 29, 2025 · ~1 min read

Key Changes

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  Space NK acquisition completed, adding 87 luxury beauty stores in U.K. and Ireland to Ulta's 1,521 U.S. locations. Company now operates internationally through Space NK subsidiary, Mexico joint venture, and Middle East franchise.

  MD&A: Strategic Overview verify on EDGAR →
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  Comparable sales accelerated to 5.3% growth (vs 2.9% prior year) driven by 3.7% ticket increase and 1.6% transaction growth, signaling strengthening consumer demand for beauty products.

  MD&A: Sales Performance verify on EDGAR →
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  Gross margin expanded 100 basis points to 40.1% from lower shrink and higher merchandise margin, reversing prior year's contraction. SG&A increased 90 bps to 25.8% due to strategic investments.

  MD&A: Profitability verify on EDGAR →