Comparable sales for the second quarter fell 1.2%, compared to an 8% increase a year earlier.
shares fell 7% in extended trading Thursday after the company fell short of second-quarter expectations and trimmed its full-year guidance after a decline in same-store sales during the most recent period.Comparable sales for the second quarter fell 1.2%, compared with an 8% increase a year earlier and well below the 1.2% growth that Wall Street analysts had expected, according to StreetAccount.
Ulta also now expects full-year revenue of $11 billion to $11.2 billion, down from previous guidance of $11.5 billion to $11.6 billion, and full-year earnings per share of $25.20 to $26, down from a previous forecast of $22.60 to $23.50. that the stock was oversold after falling 32% in 2024 up to that point, tumbling 26% in the second quarter alone.demand at an investor conference back in April. Kimbell said although a pullback was expected, it had hit the company"a bit earlier and bit bigger" than anticipated.to boost sales that spanned five key areas: product assortment, brand social relevance, enhancing the consumer digital experience, boosting the loyalty program and evolving the company's promotional levers.
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