Ulta Beauty CEO Dave Kimbell stressed that there is a lot going on in consumers’ lives.
enjoyed a good fourth quarter, the first two months of its fiscal 2024 is off to a slower start — and the news caused the company’s share price to drop 15 percent Wednesday.
“There’s mixed data points around the economic situation for the majority of consumers with healthy employment rates, wage growth, but also pressures that we see with rising credit card debt, student loan dynamics,” he continued. “More broadly, we know what’s going on in the world around us, whether it’s some of the political challenges, global conflicts and then our political environment here as we go through an election year.
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