Ulta Beauty (ULTA) Inventory (2023 - 2026)

Ulta Beauty (ULTA) has reported Inventory for 4 consecutive years, with $44.4 million the latest figure, recorded in Q1 2026.

• For the quarter ending Q1 2026, Inventory fell 2.26% year-over-year to $44.4 million; the trailing twelve-month figure through Jan 2026 stood at $44.4 million (down 2.26% YoY), and the FY2026 full-year result was $44.4 million, down 2.26% from the prior year.
• Inventory declined to $44.4 million in Q1 2026 per ULTA's latest filing, from $45.4 million in the prior quarter.
• Across five years, Inventory topped out at $45.4 million in Q1 2025 and bottomed at $37.8 million in Q1 2024.
• Historically, Inventory has averaged $42.0 million across 4 years, with a median of $42.4 million in 2023.
• The sharpest annual moves came in 2024 and 2025: Inventory declined 6.46% in 2024, then gained 20.0% in 2025.
• Over 4 years, Inventory stood at $40.5 million in 2023, then retreated by 6.46% to $37.8 million in 2024, then rose by 20.0% to $45.4 million in 2025, then slipped by 2.26% to $44.4 million in 2026.
• According to Business Quant data, Inventory over the past three periods registered $44.4 million, $45.4 million, and $37.8 million for Q1 2026, Q1 2025, and Q1 2024 respectively.