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 Beauty (NASDAQ: ULTA) is the largest specialty beauty retailer in the U.S. and a leading destination for cosmetics, fragrance, skin care, hair care, wellness and salon services. Since opening its first store in 1990, Ulta Beauty has grown to approximately 1,500 stores across the U.S. and redefined beauty retail by bringing together All Things Beauty. All in One Place ® . With an expansive product assortment, professional salon services and its beloved Ulta Beauty Rewards loyalty program, the company delivers seamless, personalized experiences across stores, Ulta.com and the Ulta Be