Ulta Beauty — Mar 13, 2025 release

​ Fiscal 2025 Outlook For fiscal 2025, the Company plans to: ​ ​ ​ ​ ​ ​ ​ ​ FY25 Outlook Net sales ​ ​ $11.5 billion to $11.6 billion Comparable sales ​ ​ 0% to 1% New stores, net ​ ​ approximately 60 Remodel and relocation projects ​ ​ 40-45 Operating margin ​ ​ 11.7% to 11.8% Diluted earnings per share ​ ​ $22.50 to $22.90 Share repurchases ​ ​ approximately $900 million Interest income ​ ​ approximately $6 million Effective tax rate ​ ​ approximately 24.5% Capital expenditures ​ ​ $425 million to $500 million Depreciation and amortization expense ​ ​ $290 million to $300 million ​ Conference Call Information ​ A conference call to discuss fourth quarter of fiscal 2024 results is scheduled for today, March 13, 2025 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