Ulta Beauty (ULTA) Change in Inventory (2010 - 2026)
Ulta Beauty's (ULTA) quarterly Change in Inventory came in at -$566.9 million in Q1 2026, down 42.8% YoY from -$991.0 million in Q1 2025, and down 268.42% on a QoQ basis from $336.6 million in Q4 2025.
Ulta Beauty (ULTA) Change in Inventory (2010 - 2026) Analysis & Trends
Ulta Beauty (ULTA) has 17 years of Change in Inventory data on file, last reported at -$566.9 million in Q1 2026.
- Quarterly Change in Inventory fell 42.8% year-over-year to -$566.9 million in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $135.8 million (down 39.93% YoY) and the FY2026 annual result came in at $135.8 million, down 39.93% from the prior year.
- Change in Inventory fell to -$566.9 million in Q1 2026, from $336.6 million in the prior quarter.
- In the past five years, Change in Inventory ranged from a high of $505.8 million in Q4 2023 to a low of -$579.2 million in Q1 2024.
- A 5-year average of $11.0 million and a median of $95.6 million in 2022 frame the typical range for Change in Inventory.
- Annual changes were most pronounced in 2022 — Change in Inventory tumbled 61.51% — and 2025, when it soared 130.67%.
- Tracing ULTA's Change in Inventory over 5 years: stood at $448.5 million in 2022, then grew by 12.76% to $505.8 million in 2023, then retreated by 27.46% to $366.9 million in 2024, then decreased by 8.26% to $336.6 million in 2025, then plunged by 268.42% to -$566.9 million in 2026.
- The last three Change in Inventory figures came in at -$566.9 million (Q1 2026), $336.6 million (Q4 2025), and $212.8 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 30.97 Bn | 30.45 Bn | 1.08 Bn | 115.02 Mn |
| 2 | Williams Sonoma | 28.79 Bn | 27.77 Bn | 1.10 Bn | -70.19 Mn |
| 3 | Ulta Beauty | 22.94 Bn | 22.72 Bn | 1.27 Bn | 206.01 Mn |
| 4 | Tractor Supply | 18.28 Bn | 18.05 Bn | 1.68 Bn | -69.86 Mn |
| 5 | Best Buy | 18.19 Bn | 16.44 Bn | 2.10 Bn | 367.00 Mn |
| 6 | Dick'S Sporting Goods | 16.13 Bn | 15.13 Bn | 1.68 Bn | 514.02 Mn |
| 7 | Five Below | 13.70 Bn | 12.59 Bn | 478.64 Mn | -33.31 Mn |
| 8 | Murphy USA | 10.45 Bn | 10.28 Bn | 746.50 Mn | - |
| 9 | Bath & Body Works | 4.04 Bn | 3.09 Bn | 1.24 Bn | -553.00 Mn |
| 10 | MINISO Group Holding | 3.39 Bn | 2.42 Bn | 414.86 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| May 2, 2026 | 206.01 Mn |
| May 2, 2026 | 206.01 Mn |
| Jan 31, 2026 | -566.88 Mn |
| Jan 31, 2026 | -566.88 Mn |
| Nov 1, 2025 | 336.59 Mn |
| Nov 1, 2025 | 336.59 Mn |
| Aug 2, 2025 | 212.79 Mn |
| Aug 2, 2025 | 212.79 Mn |
| May 3, 2025 | 153.31 Mn |
| May 3, 2025 | 153.31 Mn |
| Feb 1, 2025 | -396.97 Mn |
| Feb 1, 2025 | -396.97 Mn |
| Nov 2, 2024 | 366.90 Mn |
| Nov 2, 2024 | 366.90 Mn |
| Aug 3, 2024 | 92.25 Mn |
| Aug 3, 2024 | 92.25 Mn |
| May 4, 2024 | 163.90 Mn |
| May 4, 2024 | 163.90 Mn |
| Feb 3, 2024 | -579.17 Mn |
| Feb 3, 2024 | -579.17 Mn |