Ulta Beauty and Target mutually agree to not renew shop-in-shop partnership ending August 2026

Ulta Beauty, Inc.

Ulta Beauty and Target mutually agreed to not renew Ulta Beauty at Target shop-in-shop partnership; current agreement ends August 2026.
Partnership launched in 2021; will continue in Target stores and on Target.com through Aug 2026.
Conclusion not expected to be material to Ulta Beauty's fiscal 2025 results or long-term financial targets.
Guests with linked Ulta Beauty Rewards and Target Circle accounts will continue earning rewards on Ulta Beauty at Target purchases until end.

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