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Ulta Beauty (NASDAQ: ULTA) and e.l.f. Beauty (NYSE: ELF) are in focus Monday, reversing a post-earnings slide that followed clean quarterly beats and raised full-year outlooks.
ULTA is up 4% to $538 and ELF is climbing 5% to $108.92, both outpacing a softer session: the SPDR S&P 500 ETF Trust (NYSEARCA: SPY) is down 0.46% to $765.80 and the SPDR S&P Retail ETF (NYSEARCA: XRT) is slipping 0.2% to $86.72.
The setup reads like targeted sector rotation, and the first test for ULTA is whether shares can reclaim the pre-earnings level of $544.99. The numbers Ulta Beauty's Q2 2026 report cleared on both lines.
Net income came in at $282 million, or $6.55 per share, above the $6.20 consensus and $260.9 million a year earlier.
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