Ulta Beauty — Aug 28, 2025 release

​ Fiscal 2025 Outlook For fiscal 2025, the Company plans to: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Prior Fiscal 2025 Outlook ​ Updated Fiscal 2025 Outlook Net sales ​ ​ $11.5 billion to $11.7 billion ​ $12.0 billion to $12.1 billion Comparable sales ​ ​ 0% to 1.5% ​ 2.5% to 3.5% New stores, net ​ ​ approximately 60 ​ approximately 63 Remodel and relocation projects ​ ​ 40-45 ​ 43-48 Operating margin ​ ​ 11.7% to 11.8% ​ 11.9% to 12.0% Diluted earnings per share ​ ​ $22.65 to $23.20 ​ $23.85 to $24.30 Share repurchases ​ ​ approximately $900 million ​ no change Interest, net ​ ​ approximately $6 million of interest income ​ approximately $4 million of interest expense 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 ​ approximately $300 million ​ Conference Call Information ​ A conference call to discuss second quarter of fiscal 2025 results is scheduled for today, August 28, 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://q2-2025-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. There will also be an archived webcast available for a limited time thereafter. ​ About Ulta Beauty Ulta