Ulta Beauty (ULTA) Stock Drops 3% After Q2 Beat. Time to Buy the Dip?
TLDR
- Ulta Beauty reported Q2 EPS of $6.55, beating the $6.17 estimate by $0.38
- Revenue rose 8.9% year-over-year to $3.04 billion, topping the $2.98 billion estimate
- Comparable sales grew 3.8%, down from 6.7% in the same quarter last year
- Full-year EPS guidance was raised to $28.70-$29.00, up from $28.36-$28.80
- The stock fell nearly 3% in premarket trading Friday despite the beat
Ulta Beauty posted Q2 earnings Wednesday that topped Wall Street estimates on both the top and bottom lines, but the stock gave back early gains and dropped close to 3% in premarket trading Friday. The stock was trading around $524 in premarket, down from Wednesdayโs close near $540.
Adjusted EPS came in at $6.55, clearing the $6.17 analyst estimate. Revenue hit $3.04 billion, up 8.9% year-over-year and above the $2.98 billion consensus.
Comparable sales rose 3.8% in the quarter. That is solid, but worth noting it was a step down from the 6.7% comp growth posted in Q2 last year.
$ULTA BEAUTY Q2โ26 EARNINGS HIGHLIGHTS
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