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Tougher comps and more competition are to blame for slowdown.
May 31, 2024
By: Happi Staff
After a slow start to 2024, Ulta Beauty CEO Dave Kimball continues to pump the brakes on beauty. The retailer cut its full-year sales forecasts to $11.5-11.6 billion, down from $11.7-11.8 billion earlier this year. In a statement, Kimball said, “I remain confident in our differentiated model, the resilience of the beauty category, and our ability to execute against our plans, but we have adjusted our annual guidance as we anticipate the dynamics we faced in the first quarter to continue...
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