Ulta Beauty Expects Growth to Slow This Fiscal Year

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Ulta Beauty anticipates a slowdown in growth for the current fiscal year, projecting 6% to 7% sales growth compared to 9.7% in the previous year. The cosmetics retailer also provided an earnings per share forecast of $28.05 to $28.55 and comparable sales growth of 2.5% to 3.5%. This guidance comes despite reporting higher revenue in its latest quarter, though profit was lower.

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