Ulta misses Wall Street expectations, trims guidance after quarterly sales decline
ULTAUlta Beauty(ULTA) CNBC·2024-08-30 04:27

An Ulta Beauty store in New York, US, on Monday, Aug. 19, 2024.Ulta Beauty shares fell 7% in extended trading Thursday as the company fell short of second-quarter expectations and trimmed its full-year guidance after a decline in same-store sales during the most recent period.It was the company's first earnings per share miss since May 2020 and first revenue miss since December 2020.Comparable sales for the second quarter fell 1.2%, compared with an 8% increase a year earlier and well below the 1.2% growth ...