Why Shares of Ulta Beauty Are Falling Again Today
Shares of Ulta Beauty (NASDAQ: ULTA) were down sharply in afternoon trading on Tuesday, after the company said that it will close stores and withdraw its guidance in response to the growing coronavirus pandemic.
As of 1:30 p.m. EDT, Ulta's shares were down about 8.9% from Monday's closing price.
In a statement, Ulta said that it will close all of its stores from 6 p.m. on Wednesday, March 19, until "at least" March 31. Its online store and fulfillment remain open, it said, and customers will still have the option to pick up online orders at stores as allowed by local authorities.
Source Fool.com
