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Ulta Beauty has beaten analysts' estimates for revenue and earnings per share for more than 10 straight quarters. Will the trend continue?
Fresh off the stock's worst week since March 2020, one analyst is betting on a bounce back from Ulta Beauty Inc (NASDAQ: ULTA).
Beauty spending is up among teens, with brands like Ulta, e.l.f., and Sephora getting a boost.
"What we've seen so far is a slowdown in the total category across price points and segments. That's a bit earlier and a bit bigger than we thought," Ulta Beauty CEO David Kimbell told J.P. Morgan analysts during a fireside chat.
Shares of Ulta Beauty tumbled as much as 14% on Wednesday after executives flagged a slowdown in demand across categories in the first quarter, dragging down peers elf Beauty, Coty and Estee Lauder. ...