Ulta Beauty Inc

34U

Company Profile

  • Business description

    Ulta Beauty is the largest specialized beauty retailer in the US with more than 1,500 freestanding stores. The firm offers cosmetics (38% of 2025 sales), fragrances (13%), skin care (24%), and hair care products (19%). It also has salon services, including hair, makeup, skin, and brow, that account for 4% of its revenue and drive customer traffic. Outside of the US, Ulta operates premium beauty retailer Space NK (86 stores at year-end 2025 in the UK and Ireland) and has franchised stores in Mexico, and a joint venture in the Middle East. In addition, Ulta collects royalties through its Target partnership (ending in summer 2026) and credit card revenue. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.

  • Contact

    1000 Remington Boulevard
    Suite 120
    BolingbrookIL60440
    USA

    T: +1 630 410-4800

    E: [email protected]

    https://www.ulta.com

  • Sector

    Consumer Cyclical

    Stock type

    Cyclical

  • Industry

    Specialty Retail

    Fiscal Year End

    31 January 2027

    Employees

    65,000

Stocks News & Analysis

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We think the floundering stock price is not reflective of underlying asset value.
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Near-term cost growth does not change our long-term view.
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US stores are struggling, but our investment thesis hinges on the Australian rollout.

Morningstar Investment Ideas

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