Ulta Beauty (ULTA) Change in Inventory (2010 - 2026)
Ulta Beauty (ULTA) posted Change in Inventory of $20.78 million for fiscal Q2 2027 (quarter ended Aug 1, 2026), down 90.2% from $212.79 million a year earlier and down 89.9% from the prior quarter.
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Analysis
Ulta Beauty (ULTA) Change in Inventory (2010 - 2026) Analysis & Trends
For the trailing twelve months through Aug 1, 2026, Change in Inventory at Ulta Beauty was -$3.5 million; for FY2026 (ended Jan 31, 2026), it was $135.8 million, down 39.9% from FY2025.
- In prior fiscal years, Ulta Beauty's Change in Inventory was $226.08 million in FY2025 (+63.0%), $138.69 million in FY2024 (+33.1%), $104.23 million in FY2023 (-68.5%) and $331 million in FY2022.
- Quarterly Change in Inventory has run from a low of -$579.17 million in fiscal Q4 2024 to a high of $505.77 million in fiscal Q3 2024 over five years.
- On a year-over-year basis, Change in Inventory increased in two of the last six quarters, with growth averaging 5.4%.
- The strongest year-over-year quarter for Change in Inventory in the past five years was fiscal Q3 2022, with growth of 569.9%; the weakest was fiscal Q2 2027, with a decline of 90.2%.
- According to Business Quant data, Change in Inventory for the three prior fiscal quarters was $206.01 million (Q1 2027), -$566.88 million (Q4 2026) and $336.59 million (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,686.58 Bn | 2,203.28 Bn | 104.83 Bn | 1.82 Bn |
| 2 | Home Depot | 283.87 Bn | 277.11 Bn | 16.12 Bn | -604.00 Mn |
| 3 | Tjx Companies | 145.82 Bn | 123.36 Bn | 5.07 Bn | 221.00 Mn |
| 4 | Lowes Companies | 103.43 Bn | 96.39 Bn | 8.58 Bn | -709.00 Mn |
| 5 | Ross Stores | 74.61 Bn | 57.54 Bn | 2.12 Bn | 110.41 Mn |
| 6 | Target | 71.16 Bn | 65.74 Bn | 8.94 Bn | 932.00 Mn |
| 7 | O Reilly Automotive | 69.71 Bn | 68.80 Bn | 2.52 Bn | 160.24 Mn |
| 8 | Carvana | 68.78 Bn | 60.38 Bn | 1.38 Bn | 586.00 Mn |
| 9 | Autozone | 46.23 Bn | 45.13 Bn | 2.52 Bn | 104.14 Mn |
| 10 | Ulta Beauty | 23.38 Bn | 22.24 Bn | 1.19 Bn | 20.78 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 20.78 Mn |
| May 2, 2026 | 206.01 Mn |
| Jan 31, 2026 | -566.88 Mn |
| Nov 1, 2025 | 336.59 Mn |
| Aug 2, 2025 | 212.79 Mn |
| May 3, 2025 | 153.31 Mn |
| Feb 1, 2025 | -396.97 Mn |
| Nov 2, 2024 | 366.90 Mn |
| Aug 3, 2024 | 92.25 Mn |
| May 4, 2024 | 163.90 Mn |
| Feb 3, 2024 | -579.17 Mn |
| Oct 28, 2023 | 505.77 Mn |
| Jul 29, 2023 | 64.30 Mn |
| Apr 29, 2023 | 147.78 Mn |
| Jan 28, 2023 | -511.22 Mn |
| Oct 29, 2022 | 448.54 Mn |
| Jul 30, 2022 | 95.58 Mn |
| Apr 30, 2022 | 71.33 Mn |
| Jan 29, 2022 | -417.13 Mn |
| Oct 30, 2021 | 472.66 Mn |
API Access
Ulta Beauty Change in Inventory API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-inventory&ticker=ULTA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "ticker": "ULTA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-inventory&ticker=ULTA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();