Ulta Beauty is trading 5.1% down now at $512.36 after investors reacted negatively to its August 27 earnings release.
- Adjusted EPS reached $6.55, while revenue rose 8.9% to $3.04 billion.
- Coverage cited decelerating comparable sales, modest margin pressure, and concerns about the second-half outlook.
- Management raised fiscal-year guidance, but the result apparently did not provide enough upside for investors.