Ulta Beauty — May 29, 2025 release

​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Prior Fiscal 2025 Outlook ​ Updated Fiscal 2025 Outlook Net sales ​ ​ $11.5 billion to $11.6 billion ​ $11.5 billion to $11.7 billion Comparable sales ​ ​ 0% to 1% ​ 0% to 1.5% New stores, net ​ ​ approximately 60 ​ no change Remodel and relocation projects ​ ​ 40-45 ​ no change Operating margin ​ ​ 11.7% to 11.8% ​ no change Diluted earnings per share ​ ​ $22.50 to $22.90 ​ $22.65 to $23.20 Share repurchases ​ ​ approximately $900 million ​ no change Interest income ​ ​ approximately $6 million ​ no change Effective tax rate ​ ​ approximately 24.5% ​ no change Capital expenditures ​ ​ $425 million to $500 million ​ no change Depreciation and amortization expense ​ ​ $290 million to $300 million ​ no change Conference Call Information ​ A conference call to discuss first quarter of fiscal 2025 results is scheduled for today, May 29, 2025, at 4:30 p.m. Eastern Time / 3:30 p.m. CT. Investors and analysts who are interested in participating in the call are invited to register for the live event at https://q1-2025-ulta-beauty-earnings-conference-call.open-exchange.net/. A replay will be available on the company's Investor Relations website at https://www.ulta.com/investor 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