Ulta Beauty, Inc. (ULTA) Q2 2025 Earnings Call Transcript


Ulta Beauty, Inc. (NASDAQ:ULTA) Q2 2025 Earnings Conference Call August 28, 2025 4:30 PM ET

Company Participants

Chris Lialios – Senior VP, Interim CFO & Controller
Kecia L. Steelman – President, CEO & Director
Kiley F. Rawlins – Vice President of Investor Relations

Conference Call Participants

Adrienne Eugenia Yih-Tennant – Barclays Bank PLC, Research Division
Christopher Michael Horvers – JPMorgan Chase & Co, Research Division
Dana Lauren Telsey – Telsey Advisory Group LLC
Katharine Amanda McShane – Goldman Sachs Group, Inc., Research Division
Mark R. Altschwager – Robert W. Baird & Co. Incorporated, Research Division
Michael Charles Binetti – Evercore ISI Institutional Equities, Research Division
Oliver Chen – TD Cowen, Research Division
Olivia Tong Cheang – Raymond James & Associates, Inc., Research Division
Simeon Ari Gutman – Morgan Stanley, Research Division
Steven Paul Forbes – Guggenheim Securities, LLC, Research Division
Susan Kay Anderson – Canaccord Genuity Corp., Research Division

Operator

Good afternoon, everyone. My name is [ Leila, ] and I will be your conference operator today. At this time, I would like to welcome you to Ulta Beauty’s Second Quarter 2025 Earnings Call. This conference is being recorded. [Operator Instructions] At this time, I would like to turn the call over to Ms. Kiley Rawlins, Senior Vice President of Investor Relations. Ms. Rawlins, please proceed.

Kiley F. Rawlins

Thank you, [ Leila. ] Good afternoon, everyone, and thank you for joining us for a discussion of Ulta Beauty’s results for the second quarter of fiscal 2025.

Hosting our call today are Kecia Steelman, Chief Executive Officer; and Chris Lialios, Interim Chief Financial Officer. Before we begin, I’d like to remind you of the company’s safe harbor language. Many of our remarks today will contain forward-looking statements. We refer you to our earnings release and our SEC filings where you will find several factors which could cause



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