Retail
Price
$564.12
+1.26%Market Cap
$24.12B
Day High
$566.87
Day Low
$553.42
Ulta Beauty's Q2 FY2026 results showed higher revenue and earnings driven by comparable sales and Space NK, though a slightly lower gross margin and higher interest expense partially offset the operating gains.
Key risk: Reduced Liquidity Buffer from Declining Cash
Cash and cash equivalents fell 34.7% year over year to $158.5 million. This reduces the company's cushion to absorb working capital needs, especially ahead of the holiday inventory build.
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