Reported about 1 month ago
Ulta Beauty's shares have dropped following disappointing quarterly earnings and a lowered annual sales forecast, attributed to slower recovery compared to rivals and internal ERP issues. Despite these challenges, Dana Telsey from Telsey Advisory Group believes Ulta's strong market presence and ongoing retooling efforts will support its path back to growth, suggesting that the current stock price dip may be a buying opportunity for investors.
Source: YAHOO