4 Signs Ulta Beauty's High-Growth Days Are Over
Shares of Ulta Beauty (NASDAQ: ULTA) stumbled 9% on Aug. 25 after the beauty retailer released its second quarter earnings report. That decline was surprising, since Ulta beat analyst expectations on both the top and bottom lines.
Ulta's revenue rose 20.6% annually to $1.29 billion, narrowly beating estimates by $10 million. Its diluted earnings surged 28% to $1.83 per share, topping expectations by a nickel. Those numbers look solid, but let's discuss four key factors which likely attracted the bears.
Source: Fool.com