Ulta Beauty Misses Expectations
This is a news story, published by CNBC, that relates primarily to Dave Kimbell news.
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Ulta sharesCNBC
•Ulta misses Wall Street expectations, trims guidance after quarterly sales decline
80% Informative
Ulta Beauty fell short of second-quarter expectations and trimmed its full-year guidance.
Comparable sales for the second quarter fell 1.2% , compared to an 8% increase a year earlier .
Shares of Ulta have been suffering since CEO Dave Kimbell warned of cooling beauty demand.
Warren Buffett's Berkshire Hathaway disclosed a $266 million stake in the beauty retailer.
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