Archives for September 3, 2024

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Ulta Beauty revises FY outlook in response to comparable sales decline

Ulta Beauty revises FY outlook in response to comparable sales decline

By Cassandra Stern

Ulta Beauty's Q2 fiscal 2024 results show net sales of $2.55 billion, a slight increase from last year, but a 1.2% decline in comparable sales and a 12% drop in operating income highlight the challenges the company faces in a tough retail environment.