By Anil K. Ambastha and Kuldip K. Ambastha
As the second-quarter earnings reporting period is coming to a close, in this past week the market was not impressed with cosmetic retailer Ulta Beauty (ULTA). The company’s lowered second-half guidance generated multiple analyst downgrades, and the stock dropped by 29.6% on Friday, August 30th, marking its largest-ever single-day percentage decline. The stock is now at about an 8-month low price.
Keywords – Second-quarter, Earnings, Cosmetics, Retailer, Guidance.
Disclosure – The principals of Ambastha Financial LLC have no position in ULTA.
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