Ulta & Victoria Shhh report earnings on 6/2. Will they both beat on top line revenue?
68% of users predicted NO — the community missed this one. 31 predictions cast.
Both Ulta Beauty and Victoria's Secret & Co. reported first-quarter fiscal 2026 results on June 2 that exceeded Wall Street's top-line revenue expectations. Ulta Beauty posted net sales of $3.16 billion, roughly $50–70 million above analyst consensus, with comparable-store sales up 5.3 percent against estimates of 4.6 percent. Victoria's Secret reported net sales of $1.56 billion, a 15 percent increase from the prior-year period and above the company's own guidance range, driven by double-digit comparable-sales gains across its Victoria's Secret, PINK, and Beauty lines.
Ulta CEO Kecia Steelman credited new product introductions and improved store traffic. Victoria's Secret marked its fourth consecutive quarter of positive comps, reflecting the continued effect of CEO Hillary Super's brand-turnaround initiative. Both companies raised full-year guidance in the same reports.
Investors reacted sharply to both results. Victoria's Secret shares surged as much as 48 percent on the session, reaching a record high. Ulta shares advanced as well on the earnings beat and revised outlook. The dual beat underscored resilience in specialty retail despite continuing uncertainty over consumer spending and tariff-driven cost pressures. The community predicted "No" by a 68-to-32 margin, underestimating the momentum building in both brands heading into the report.