Ulta Beauty Navigates a Tough Selling Environment
Ulta Beauty (NASDAQ: ULTA) investors shifted their outlook on the business dramatically in late August, when the company lowered its growth forecast. Management said at the time that the makeup industry had begun shrinking to mark a sharp turnaround from the robust growth shareholders have seen in each of the last two years.
The beauty products retailer revealed this week that those industry challenges continue to limit its sales growth. On the bright side, Ulta is gaining market share and generating stable profits.
Let's take a closer look at the latest results.
Source Fool.com
