Ulta Cuts FY24 Net Sales Guidance to from $11.5B-$11.6B $11.0B-$11.2B
Portfolio Pulse from Benzinga Newsdesk
Ulta Beauty has revised its fiscal year 2024 net sales guidance downwards from $11.5B-$11.6B to $11.0B-$11.2B.
August 29, 2024 | 8:08 pm
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Ulta Beauty has reduced its FY24 net sales guidance, indicating potential challenges in achieving previous sales targets.
The downward revision in sales guidance suggests that Ulta Beauty may face challenges in meeting its previous sales expectations. This could lead to negative sentiment among investors, potentially putting downward pressure on the stock price in the short term.
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