ULTA Stock Recent News

Ulta Beauty, Inc. (NASDAQ:ULTA ) JPMorgan 10th Annual Retail Round Up Conference April 3, 2024 9:00 AM ET Company Participants David Kimbell - Chief Executive Officer Paula Oyibo - Senior Vice President, Finance at Ulta Beauty Conference Call Participants Christopher Horvers - JPMorgan Christopher Horvers Great. Thank you, everybody, for joining us today for our 10th annual retail round up.

After years of strong sales growth, Ulta Beauty is warning of a slow period ahead. The retailer's chief executive said Wednesday (April 3) that he expects moderate mid-single digit sales growth, sending the company's stock tumbling.

Ulta Beauty (ULTA) shares sank about 15% in intraday trading Wednesday after the beauty products retailer warned of a significant decline in business.

At an investor conference, Ulta Beauty's management said that its upcoming financial results could be on the low end of its previous guidance. With today's drop, the stock trades at a good price for investors who think bigger-picture than a few weeks of financial results.

Shares of Ulta Beauty Inc. were on pace for their biggest percentage drop in more than four years after the beauty-products retailer on Wednesday said industry-wide demand had slowed more than expected over the past two months, threatening same-store sales growth.

The beauty retailer Ulta's CEO Dave Kimbell said sales are still growing, but at a slower-than-expected rate.

Ulta Beauty (ULTA) slips after the company presented at the JP Morgan Retail Roundup Conference. Ulta's 1Q guidance sees same-store sales at the lower end of the initial low single-digit growth forecast.

Ulta expects first-quarter comparable-store sales to increase at the lower end of its previous guidance.

The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.

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