Ulta Beauty (ULTA) Change in Inventory (2010 - 2026)

Ulta Beauty (ULTA) has reported Change in Inventory for 17 consecutive years, with -$566.9 million the latest figure, recorded in Q1 2026.

• Change in Inventory for Q1 2026 came in at -$566.9 million, down 42.8% year-over-year; the trailing twelve-month figure through Jan 2026 was $135.8 million (down 39.93% YoY), and the FY2026 annual result was $135.8 million, down 39.93% from the prior year.
• Change in Inventory was -$566.9 million for Q1 2026 at Ulta Beauty, down from $336.6 million in the prior quarter.
• Over five years, Change in Inventory peaked at $505.8 million in Q4 2023 and troughed at -$579.2 million in Q1 2024.
• Average Change in Inventory over 5 years is $11.0 million, with a median of $95.6 million recorded in 2022.
• Year-over-year, Change in Inventory sank 61.51% in 2022 and surged 130.67% in 2025.
• Over 5 years, Change in Inventory stood at $448.5 million in 2022, then gained by 12.76% to $505.8 million in 2023, then dropped by 27.46% to $366.9 million in 2024, then declined by 8.26% to $336.6 million in 2025, then tumbled by 268.42% to -$566.9 million in 2026.
• Per Business Quant data, the three most recent Change in Inventory figures were -$566.9 million in Q1 2026, $336.6 million in Q4 2025, and $212.8 million in Q3 2025.