Ulta CEO Warns of Slower Growth in Beauty Demand
Wednesday, 3 April 2024, 16:13
Ulta CEO Warns of Slower Growth in Beauty Demand
The latest update from Ulta reveals CEO Dave Kimbell's cautionary note on the pace of beauty products sales. While the company is experiencing growth, it lags behind initial projections.
Key Points:
- Decelerating Demand: Ulta's CEO signals a slowdown in beauty product demand.
- Sales Growth: Despite the warning, Ulta continues to see growth in sales.
The market reacts to the news, and Ulta's stocks falter as Kimbell's statements impact investor sentiment.
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