Key TakeawaysUlta Beauty posted weaker-than-anticipated results and reduced its guidance as consumers limited their spending and competition increased.The company reported a surprise drop in comparable-store sales as transactions declined.CEO David Kimbell said Ulta Beauty's market share continues to be challenged. Shares of Ulta Beauty (ULTA) slumped after the seller of beauty products reported worse-than-expected results and cut its outlook on a surprise drop in comparable store sales. Consumers limited t ...