Ulta Beauty, Inc. (ULTA) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you. Thank you. Thank you. The company undertakes no obligation to revise any forward-looking statements. To allow us to accommodate as many questions as possible during the hour scheduled for this call, we respectively ask that you limit your time to one question and no more than one follow-up question. As always, the IR team will be available for any questions after the call. And now I'll turn the call over to Keisha. Keisha? Thank you, Kylie, and good afternoon, everyone. After meeting our ambitious goals in fiscal 2025, we entered fiscal 2026 with a keen focus on continuing our progress while optimizing our model with financial discipline to deliver profitable growth. Before I dive into the details of our first quarter performance and priorities for the year ahead, I want to share my perspectives on the business. First, our core U.S. business is fundamentally strong and delivering healthy sales growth. Second, the strategic initiatives we are driving to scale new businesses are gaining traction, are contributing to our results, and position us well for long-term growth and value creation. Third, we are exercising financial discipline and working thoughtfully to optimize our costs and investments to position our business to deliver consistent double-digit earnings growth. Next, growth in the beauty category remains healthy, even as consumers are increasingly value-focused. And Ulta Beauty's diverse assortment, omnichannel convenience, and compelling loyalty rewards program uniquely positions us to meet our guests' evolving needs. And finally, we are staying focused on capitalizing on the strengths of our model and executing our Ulta Beauty Unleashed strategy to deliver long-term profitable growth and value. And while we are continuing to monitor how the macr...