Ulta Beauty, Inc. Pre-opening costs decreased by 33.1% to $3.56M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 105.6%, from $1.73M to $3.56M. Over 4 years (FY 2021 to FY 2025), Pre-opening costs shows an upward trend with a 13.5% CAGR.
Higher costs indicate an aggressive store expansion strategy, while lower costs suggest a focus on existing unit performance or a pause in growth.
Pre-opening costs represent expenses incurred in connection with the development, construction, and staffing of new rest...
Standard in the restaurant and retail sectors for companies with physical store growth.
pre_opening_costs| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.59M | $1.36M | $1.83M | $1.74M | $2.35M | $2.28M | $3.80M | $2.18M | $658.00K | $1.28M | $3.46M | $3.11M | $2.92M | $4.16M | $4.88M | $1.73M | $1.83M | $5.11M | $5.33M | $3.56M |
| QoQ Change | — | -70.4% | +35.0% | -5.1% | +35.0% | -3.0% | +66.8% | -42.6% | -69.8% | +94.2% | +170.7% | -10.0% | -6.3% | +42.3% | +17.5% | -64.5% | +5.6% | +179.1% | +4.3% | -33.1% |
| YoY Change | — | — | — | — | -48.8% | +67.8% | +107.3% | +25.3% | -72.0% | -43.9% | -8.9% | +42.9% | +343.6% | +225.1% | +41.1% | -44.4% | -37.3% | +22.9% | +9.1% | +105.6% |
| Segment | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q2 '25 |
|---|---|---|---|---|---|---|---|---|
| Reportable Segment Aggregation Before Other Operating | $2.65M | $2.65M | $2.13M | $2.13M | $2.13M | $2.13M | $2.92M | $1.83M |
| Total | $3.80M | $2.18M | $658.00K | $1.28M | $3.46M | $3.11M | $2.92M | $1.83M |
Reportable Segment Aggregation Before Other Operating was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.