Core Insights - Ulta Beauty shares increased over 10% intra-day following stronger-than-expected quarterly results and an improved full-year outlook [1] Financial Performance - Third-quarter earnings were reported at $5.14 per share, matching last year's figure but exceeding analyst estimates of $4.52 [1] - Revenue rose by 12.9% to $2.86 billion, surpassing expectations of $2.7 billion, driven by stronger store traffic, higher average spending, and the acquisition of Space NK [1] - Comparable sales increased by 6.3% compared to 0.6% a year earlier, with average ticket growing by 3.8% and transactions rising by 2.4% [2] - Gross margin improved from 39.7% to 40.4%, aided by lower inventory shrink and increased merchandise margins [2] Future Outlook - The company raised its fiscal 2026 revenue forecast to a range of $12.0 billion to $12.1 billion, up from the previous projection of $12.0 billion [3] - Ulta also increased its 2026 earnings outlook to $25.20 to $25.50 per share, exceeding consensus estimates of $24.54 [3]