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Why Ulta Beauty Stock Was Sliding Today

TheMotleyFool

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Why Ulta Beauty Stock Was Sliding TodayPhoto, wide shot, wide-angle lens, Restaurant, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/57273392-070f-46de-9297-125616327242.png

Shares of Ulta Beauty (NASDAQ: ULTA) were pulling back today as investors reacted to the surprise departure of CEO Mary Dillon and disappointing guidance for 2021 as the cosmetics and salon chain turned in its fourth-quarter earnings report.

The stock was down 6.9% as of 12:02 p.m. EST on the news.

Image source: Ulta Beauty.

Source Fool.com

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