Quarterly report [Sections 13 or 15(d)]

Subsequent events

v3.25.2
Subsequent events
6 Months Ended
Aug. 02, 2025
Subsequent events  
Subsequent events

15. Subsequent events

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On August 14, 2025, the Company and Target Corporation mutually agreed not to renew the Ulta Beauty at Target shop-in-shop partnership when the current agreement concludes in August 2026. Until then, the Ulta Beauty at Target experience will continue in Target stores and on Target.com.

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On August 27, 2025, the Company entered into Amendment No. 4 to its Second Amended and Restated Loan Agreement, which amended and restated the existing agreement. The new loan agreement increases the revolving facility by an additional $200,000 and provides maximum revolving loans equal to the lesser of $1,000,000 or a percentage of eligible owned inventory and eligible owned receivables.

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