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Officials attribute the increase to comparable sales, the acquisition of Space NK and sales from new stores.
August 28, 2026
By: Lianna Albrizio
Net sales grew 8.9% for Ulta Beauty in Q2 2026 from $2.78 billion to $3 billion for the 13-week period ended Aug. 1, 2026 compared to the prior-year quarter.
Comparable sales increased 3.8%. The company’s stock repurchase plan for fiscal 2026 increased from $1.5 billion to $1.8 billion.
“Our team delivered another impressive quarter of strong sales, profit, and earnings growth, demonstrating that we are executing with discipline and translating our Ulta Beauty Unleashed strategy into tangible benefits for our guests,” said Kecia Steelman, president and chief executive officer. “We continue to strengthen our position as the ultimate beauty discovery destination, leveraging our unique understanding of our guests to drive excitement and growth through compelling innovation, value, experiences and convenience.”
During the first six months of fiscal 2026, the Company invested $139.5 million in capital expenditures to support new stores, relocations, remodels, and investments in information technology.
Stock repurchases are a core part of the company’s capital allocation strategy. During the first six months of fiscal 2026, the Company repurchased 1.4 million shares of its common stock at a cost of $791.1 million, excluding excise taxes. As of Aug. 1, $1.0 billion remained available under the current $3.0 billion share repurchase program announced in October 2024. The company now expects to utilize the remaining $1.0 billion available under the current share repurchase authorization by the end of fiscal 2026.
Based on current estimates, Ulta has updated its outlook for fiscal 2026 from a net sales growth outlook of 6% to 7% to 6.7% to 7.2%.
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