Ulta Beauty's Guidance Revised Downward as First-Quarter Sales Face Slowdown

Thursday, 30 May 2024, 20:22

Ulta Beauty has revised its forecast downwards after experiencing a slowdown in first-quarter sales growth. The beauty industry, which has been a cornerstone for retailers, is now grappling with a consumer pullback amidst ongoing high costs. This adjustment reflects the challenges faced by Ulta Beauty and the broader retail sector.
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Ulta Beauty's Guidance Revised Downward as First-Quarter Sales Face Slowdown

Ulta Beauty Adjusts Forecast

Ulta Beauty has revised its forecast downward following a decrease in first-quarter sales growth. The beauty industry has been a standout performer for retailers, highlighting a consumer pullback due to persistently higher costs.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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