Ulta stock downturn is simply 'normalizing,' analyst says
Fri, Apr 19, 2024 7:06 PM

Ulta stock downturn is simply 'normalizing,' analyst says

A Flip by Shubhangi Gupta
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Ulta stock has been in a downward spiral after comments by the beauty retailer's CEO at a JPMorgan retail conference caught investors off guard. Since April 2, shares have been off by more than 18% after CEO Dave Kimbell warned of "a slowdown in the total category across price points and segments." Former LVMH chair Pauline Brown interpreted Kimbell's comments differently from nervous investors.

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