Ulta Beauty Warns of a Business Slowdown, and Stock Tanks

Key TakeawaysUlta Beauty warned it is seeing a slowdown in business in the first two months of its fiscal first quarter, and shares tumbled nearly 15% in intraday trading Wednesday.The beauty products retailer said if that slowdown continued, it expects current-quarter comparable store sales to be at the low end of its forecast.CEO Dave Kimbell explained the pullback was "across price points and segments." Ulta Beauty (ULTA) shares sank about 15% in intraday trading Wednesday after the beauty products retai ...