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Why Ulta Beauty Shares Were Crumbling Today

TheMotleyFool

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Why Ulta Beauty Shares Were Crumbling TodayPhoto, wide shot, wide-angle lens, Supermarket, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/12c4d93c-5c0e-4e39-8e32-e47404ce9d79.png

Shares of Ulta Beauty (NASDAQ: ULTA), the high-flying salon-and-cosmetics chain were cracking today after the retailer lowered its guidance for the year and issued a disappointing second-quarter earnings report.

Ulta stock was down 29% as of 11:03 a.m. EDT.

Image source: Ulta.

Source Fool.com

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