Reported about 1 month ago
Lululemon and Ulta Beauty have both revised their full-year guidance for 2024 downward following mixed second quarter earnings. While Lululemon's revenue fell short of expectations at $2.37 billion but exceeded adjusted earnings estimates, Ulta reported revenue of $2.55 billion and missed both revenue and earnings projections. Analysts discuss the implications for these major retail brands.
Source: YAHOO