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 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