Ulta Beauty lowers guidance after first-quarter sales slowdown

Ulta Beauty reported on Thursday fiscal first-quarter earnings that showed the effects of a slowdown its CEO had previously warned about. Comparable sales, a metric that tracks Ulta stores open at least 14 months along with online sales, increased 1.6% year over year, a stark slowdown from the same period a year earlier when Ulta reported comparable sales growth of 9.3% The company lowered their guidance for the fiscal year. Ulta reported that it is now expecting net sales in the range of $11.5 billion to $ ...