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Ulta Beauty10-K: Inflation impact

SG&A expenses surged 17.4% to $3.3B, pressuring profitability and causing net income to drop.

What happened

A $488 million increase in SG&A expenses outpaced gross profit growth, leading to a $47.6 million decrease in net income. This significant pressure on margins makes the company highly receptive to solutions that improve operational efficiency and reduce overhead.

Source

SEC EDGARMar 26, 2026

Annual report (Form 10-K)

Ulta Beauty 10-K

Filing excerpt

SG&A expenses increased $487.8 million, or 17.4%, to $3.3 billion in fiscal 2025 compared to $2.8 billion in fiscal 2024.

sec.gov/Archives/edgar/data/1403568/000110465926035243/ulta-20260131x...Read the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-K: Inflation impact

What this signalsFilings often name leadership changes, deals and spending plans.

Dollar figure
$488M (Increase in SG&A expenses in fiscal 2025)
Filed
Mar 26, 2026

More 10-K signals at other companies

The full record

From the Signal API record

Numbers

Percent
17.4% (Increase in SG&A expenses)

Details

CIK
1403568
Accession number
0001104659-26-035243
Timeframe
Current year
Filing year
2026
Why it matters
Efficiency tools needed
Signal category
Operations

Topics and mentions

Regions named

  • U.S.
  • U.K.
  • Ireland
  • Mexico
  • Middle East

Extraction

Confidence
High
Relevance
90%
Sentiment
Negative
Detected
Mar 31, 2026
signal_type
sec-10k
signal_subtype
inflationImpact

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The API returns more than this page shows

This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/b0d3a123-62ad-4eca-bca1-45dc80dd8d9f returns this record as JSON. POST /v1/companies/enrich returns every signal for ulta.com.

{
  "signal_id": "b0d3a123-62ad-4eca-bca1-45dc80dd8d9f",
  "signal_type": "sec-10k",
  "signal_subtype": "inflationImpact",
  "detected_at": "2026-03-31T08:33:46.38+00:00",
  "company": {
    "name": "Ulta Beauty",
    "domain": "ulta.com"
  },
  "data": {
    "detail": "A $488 million increase in SG&A expenses outpaced gross profit growth, leading to a $47.6 million decrease in net income. This significant pressure on margins makes the company highly receptive to solutions that improve operational efficiency and reduce overhead.",
    "metrics": {
      "pct": 0.174,
      "timeframe": "current_year",
      "pct_context": "Increase in SG&A expenses",
      "dollar_context": "Increase in SG&A expenses in fiscal 2025",
      "dollar_millions": 487.8
    },
    "summary": "SG&A expenses surged 17.4% to $3.3B, pressuring profitability and causing net income to drop.",
    "excerpts": "SG&A expenses increased $487.8 million, or 17.4%, to $3.3 billion in fiscal 2025 compared to $2.8 billion in fiscal 2024.",
    "relevance": 0.9,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1403568/000110465926035243/ulta-20260131x10k.htm",
    "filing_date": "2026-03-26",
    "filing_year": 2026,
    "sales_relevance": "Efficiency tools needed",
    "signal_category": "operations",
    "regions_mentioned": [
      "U.S.",
      "U.K.",
      "Ireland",
      "Mexico",
      "Middle East"
    ]
  }
}

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