ULTAUlta Beauty
Ulta Beauty, Inc. (“we,” “us,” “our,” “Ulta Beauty,” or the “Company”) is an international specialty beauty retailer and a premier beauty destination for cosmetics, fragrance, skin care products, wellness products, hair care products, and salon services. 10-K, Item 1
- Employees
- 65,000
- Headquarters
- Bolingbrook, IL
- CEO
- Kecia Steelman
- Next results
- around Dec 3, 2026
The biggest changes in the 10-K filed 2026-03-26, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Operating margin
13.9% → 12.4% (-1.5 pts) Big change FY to 2026-01-31 vs 2025-02-01The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Cash from operations
+12.3% Big change FY to 2026-01-31 vs 2025-02-01The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Revenue
+9.7% FY to 2026-01-31 vs 2025-02-01“The net sales increase was primarily due to increased comparable sales, the acquisition of Space NK, and sales from new stores.”
Read it in the 10-K ↗
Net income
-4.0% FY to 2026-01-31 vs 2025-02-01“The decrease in net income was primarily due to a $487.8 million increase in SG&A expenses, a $16.9 million increase in net interest expense, a $3.9 million increase in equity net loss of affiliate, and a $2.1 million increase in pre-opening expenses, partially offset by a $458.0 million increase in gross profit and a $5.1 million decrease in income taxes.”
Read it in the 10-K ↗
“The decrease in net income was primarily due to a $114.0 million increase in SG&A expenses and a $5.2 million increase in pre-opening expenses, partially offset by a $25.7 million decrease in income taxes and a $6.2 million increase in gross profit.”
Read it in the 10-K ↗
Gross margin
38.8% → 39.1% (+0.3 pts) FY to 2026-01-31 vs 2025-02-01“The increase in gross profit margin was primarily due to lower inventory shrink and higher merchandise margin, partially offset by adverse channel mix, deleverage of other revenue, and deleverage of store fixed expenses.”
Read it in the 10-K ↗
“The decrease in gross profit margin was primarily due to lower merchandise margin, deleverage of store fixed costs, and higher supply chain costs, partially offset by lower inventory shrink and favorable channel mix.”
Read it in the 10-K ↗
Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
Work on ULTA in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/ULTA/export.csv") into a cell.