Ulta Beauty — Dec 5, 2024 release

​ Fiscal 2024 Outlook For fiscal 2024, the Company plans to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Prior FY24 Outlook ​ Updated FY24 Outlook Net sales ​ ​ $11.0 billion to $11.2 billion ​ $11.1 billion to $11.2 billion Comparable sales ​ ​ (2%) to 0% ​ (1%) to 0% New stores, net ​ ​ 60-65 ​ no change Remodel and relocation projects ​ ​ 40-45 ​ no change Operating margin ​ ​ 12.7% to 13.0% ​ 12.9% to 13.1% Diluted earnings per share ​ ​ $22.60 to $23.50 ​ $23.20 to $23.75 Share repurchases ​ ​ approximately $1 billion ​ no change Interest income ​ ​ approximately $13 million ​ $13 million to $14 million Effective tax rate ​ ​ approximately 24% ​ no change Capital expenditures ​ ​ $400 million to $450 million ​ $400 million to $425 million Depreciation and amortization expense ​ ​ $265 million to $270 million ​ no change ​ Conference Call Information ​ A conference call to discuss third quarter of fiscal 2024 results is scheduled for today, December 5, 2024 at 4:30 p.m. ET / 3:30 p.m. CT. Investors and analysts who are interested in participating in the call are invited to dial (877) 704-4453. Participants may also listen to a real-time audio webcast of the conference call by visiting the Investor Relations section of the Company’s website located at https://www.ulta.com/investor. A replay will be made available online approximately two hours following the live call for a period of 30 days. ​ ​ ​ ​ ​ ​ ​ About Ulta Beauty At Ulta Beauty (NASDAQ: ULTA), the possibilities are beautiful. Ulta Beauty is the largest specialty U.S. beauty retailer and the premier beauty destination for cosmetics, fragrance, skin care products, hair care products and salon services. In 1990, the Company reinvented the beauty retail experience by offering a new way to shop for beauty – bringing together A