JOURNAL ARTICLE

Ulta Beauty Cuts Sales Outlook on Slowing Demand.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Patton, Leslie 3 of 3

Abstract

(Bloomberg) -- Ulta Beauty Inc. cut its forecast after seeing a decline in comparable store sales in the second quarter, highlighting US consumers cutting back on makeups and cosmetics.The makeup retailer sees net sales of $11 billion to $11.2 billion in the current year, compared with earlier estimate of $11.5 billion to $11.6 billion.The shares fell 7% in extended New York trading at 4:23 p.m.©2024 Bloomberg L.P.By Leslie PattonReported by Author [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/08, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2024
  • Accession Number:179339684
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