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

Ulta Beauty's Change in Inventory history runs 17 years deep, the most recent figure standing at -$566.9 million for 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 was -$566.9 million for Q1 2026 at Ulta Beauty, down from $336.6 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.
• 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 slumped 61.51% — and 2025, when it soared 130.67%.
• Ulta Beauty's 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 slumped by 268.42% to -$566.9 million in 2026.
• Business Quant data shows ULTA's Change in Inventory at -$566.9 million in Q1 2026, $336.6 million in Q4 2025, and $212.8 million in Q3 2025.