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Ulta Beauty Boosted Its Sales Outlook. The Stock Has Slipped.

·2 min read
Ulta Beauty Boosted Its Sales Outlook. The Stock Has Slipped.
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  • ULTA

Ulta Beauty fell nearly 2% earlier on Friday after the cosmetics company raised its sales guidance for the fiscal year. Ulta (ticker: ULTA) said it expects net sales of $8.5 billion to $8.6 billion, and comparable-store sales to grow 36% to 37%. The company, whose shares were down 1.6% to $377.55 on Friday afternoon, previously forecast fiscal-year net sales of $8.1 billion to $8.3 billion, and comparable-store sales growth of as much as 32%.