Earnings history

last 4 reports each · paired by recencyMethod

ULTA

2 of 4at or beyond implied

Reportimpliedrealized× implied

Q2 FY26±6.9%−4.18%×0.61

Q1 FY26±9.4%−4.78%×0.51

Mar 13 '26±6.4%−14.24%×2.22

Q3 FY25±6.1%+12.65%×2.08

SBH

0 of 4at or beyond implied

Reportimpliedrealized× implied

Q3 FY26±12.3%+7.75%×0.63

Q2 FY26±11.1%−7.48%×0.68

Feb 9 '26±11.8%+5.20%×0.44

Nov 13 '25±9.4%−1.57%×0.17

= impliedULTA realized, solidSBH realized, hatchedOne scale, both sides: full bar = 15%× = |realized| ÷ impliedSource: market data

ULTA compared with SBH: revenue, margins and what each company keeps, and the suppliers and customers both name