Ulta Beauty Stock Slides After Cautious 2026 Outlook Spoils Strong Q4 Sales
Ulta Beauty shares dropped over 8% after the company projected fiscal 2026 earnings per share of $28.05 to $28.55, below analyst expectations. Comparable sales are expected to rise 2.5% to 3.5%, down from 5.4% last year. Fourth-quarter net sales rose 11.8% to $3.90 billion, but operating margin fell to 12.2% as expenses climbed.