# If Ulta Beauty, Inc. moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/ulta-beauty · Facet: ripple · Updated: 2026-09-24T10:37:59.729743+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Ulta Beauty, Inc. is directly linked to 2 companies (1 supply, 1 revenue relationships) and reaches 5 companies within two hops; the links are backed by 4 dated sources, 1 of them primary filings (as of 2026-09-24).

Ulta Beauty, Inc. operates across U.S. specialty beauty retailer. It is -6.8% in 2026. The demand side (avg +72.9%) is well ahead of the stock (-6.8%). Customer money has not fully worked its way down to this layer, which leaves catch-up room if propagation continues and a hardened gap if it stalls. Among connected nodes the furthest ahead is Target Corporation (+72.9%) and the furthest behind is The Estée Lauder Companies Inc. (+0.2%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It sources inventory from global and emerging brands, while expanding internationally through joint-venture and franchise royalties and acquisitions.

## Demand chain (leading)
- T1 Target Corporation (https://valuechain.wiki/target.md)
- T2 CVS Health (https://valuechain.wiki/cvs-health.md)
- T3 Elevance Health, Inc. (https://valuechain.wiki/elevance-health.md)

## Supply chain (benefiting)
- T1 The Estée Lauder Companies Inc. (https://valuechain.wiki/est-e-lauder-companies.md)
- T2 International Flavors & Fragrances (https://valuechain.wiki/international-flavors-fragrances.md)
- T3 DuPont (https://valuechain.wiki/dupont.md)
- T2 Shopify (https://valuechain.wiki/shopify.md)
- T3 Alphabet (Google) (https://valuechain.wiki/alphabet.md)
- T3 Anthropic (https://valuechain.wiki/anthropic.md)

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Full node: https://valuechain.wiki/ulta-beauty.md · JSON: https://valuechain.wiki/ulta-beauty.json