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

Ulta Beauty (ULTA) has reported Change in Inventory for 17 consecutive years, with $20.8 million the latest figure, recorded in Q3 2026.

• For the quarter ending Q3 2026, Change in Inventory fell 90.24% year-over-year to $20.8 million; the trailing twelve-month figure through Aug 2026 stood at -$3.5 million (down 101.04% YoY), and the FY2026 full-year result was $135.8 million, down 39.93% from the prior year.
• Change in Inventory retreated to $20.8 million in Q3 2026 per ULTA's latest filing, from $206.0 million in the prior quarter.
• Across five years, Change in Inventory topped out at $505.8 million in Q4 2023 and bottomed at -$579.2 million in Q1 2024.
• Historically, Change in Inventory has averaged $21.8 million across 5 years, with a median of $95.6 million in 2022.
• The sharpest annual moves came in 2025 and 2026: Change in Inventory jumped 130.67% in 2025, then tumbled 90.24% in 2026.
• Over 5 years, Change in Inventory stood at $448.5 million in 2022, then rose by 12.76% to $505.8 million in 2023, then slipped by 27.46% to $366.9 million in 2024, then dropped by 8.26% to $336.6 million in 2025, then plunged by 93.83% to $20.8 million in 2026.
• According to Business Quant data, Change in Inventory over the past three periods registered $20.8 million, $206.0 million, and -$566.9 million for Q3 2026, Q2 2026, and Q1 2026 respectively.