Ulta Beauty, Inc. (ULTA) posted drab second-quarter fiscal 2024 results, with the top and the bottom line missing the Zacks Consensus Estimate and earnings declining year over year. ULTA registered lower comparable sales in the quarter due to a shift in consumer behavior toward value and cautious spending, high competition with numerous new beauty distribution points affecting market share, operational disruptions from the ERP system transition and ineffective incremental promotions that did not boost in-st ...