Ulta Beauty's Gross Margin Jumps to 39.2% in Q2: What's Next for ULTA?

Key Takeaways Ulta Beauty's Q2 gross margin rose to 39.2%, up 90 basis points from the prior-year period.Margin gains came from reduced inventory shrink and improved promotional effectiveness.Management expects some margin pressure ahead from occupancy and supply-chain costs.Ulta Beauty, Inc.’s (ULTA) second quarter of fiscal 2025 spotlighted a crucial improvement in profitability metrics as the gross margin climbed 90 basis points to 39.2% from 38.3% in the prior year. The gain was attributed mainly to red ...