09:12 AM EDT, 10/16/2024 (MT Newswires) -- Ulta Beauty ( ULTA ) said Wednesday that it is targeting low double-digit diluted earnings per share growth on 4% to 6% net sales growth for 2026 and beyond.

The company said that for fiscal 2024, it continues to expect diluted EPS of $22.60 to $23.50 on net sales of $11 billion to $11.2 billion. Analysts polled by Capital IQ expect EPS of $23.18 and revenue of $11.16 billion.

Ulta also said its board has approved a new $3 billion share repurchase authorization, which replaces the previous buyback implemented in March. The new program has no expiration date, the company said.

Ulta shares were down 1.1% in recent Wednesday premarket activity.

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