Ulta Beauty stock holds as the retailer anchors on earnings

Ulta Beauty (US90384S3031) remains an earnings-driven retail name, and the latest available numbers still frame the debate: fiscal 2025 revenue of $11.3 billion, diluted EPS of $25.34, and 1,451 stores at year-end 2025.

Those figures matter because they give investors a fixed operating base to compare against future quarters. Ulta Beauty also said fiscal 2025 net sales rose 0.8% year over year, while comparable sales increased 0.7%, showing a slower but still positive demand backdrop.

Fiscal 2025 revenue at $11.3 billion

Ulta Beauty reported fiscal 2025 revenue of $11.3 billion, compared with $11.2 billion a year earlier, and diluted EPS of $25.34 versus $25.67 in fiscal 2024. The company ended the year with 1,451 stores, up from 1,451 at the prior year-end, which shows that the store base was steady even as growth moderated.

The comparison that stands out is the 0.8% increase in net sales against the prior year. For a large specialty beauty retailer, that pace suggests a business that is still growing, but no longer leaning on rapid unit expansion to do the work.

Comparable sales rose 0.7%

Comparable sales increased 0.7% in fiscal 2025, which is a useful read-through for traffic, basket size and category mix. The company also said it continued to operate across prestige cosmetics, fragrance, skin care and hair care, with its store network and digital channel carrying the core load.

For investors, the margin profile matters as much as the top line. Ulta Beauty's fiscal 2025 diluted EPS of $25.34 came in below the prior year's $25.67, so the market focus naturally shifts to whether sales growth can outpace cost pressure in coming periods.

Prestige beauty remains the core

Ulta Beauty sells prestige cosmetics, fragrance, skin care, hair care and beauty services through a national store base and e-commerce. That mix is important because it links the company's growth rate to discretionary spending, category rotation and product launches rather than to one single line of business.

The product set also helps explain why the company can keep a large store footprint while still reporting e-commerce activity alongside in-store sales. In fiscal 2025, that model translated into $11.3 billion in net sales and a stable year-end store count of 1,451.

Year-end store base at 1,451

Ulta Beauty shares are best read against those operating numbers rather than against a broad retail narrative. The combination of 0.7% comparable sales growth, $11.3 billion in revenue and $25.34 in diluted EPS gives the stock a clear earnings reference point.

As of 23 July 2026, the share price line is omitted here because no dated market quote is available in the current research set, so the stronger guide for readers is the companys fiscal 2025 operating base and earnings trend.