{"id":1943,"date":"2024-04-03T17:29:45","date_gmt":"2024-04-03T17:29:45","guid":{"rendered":"https:\/\/stoxpo.com\/?p=1943"},"modified":"2024-04-03T17:29:48","modified_gmt":"2024-04-03T17:29:48","slug":"ulta-shares-dip-amid-cooling-beauty-demand","status":"publish","type":"post","link":"https:\/\/stoxpo.com\/index.php\/2024\/04\/03\/ulta-shares-dip-amid-cooling-beauty-demand\/","title":{"rendered":"Ulta Shares Dip Amid Cooling Beauty Demand"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\">CEO Warns of Earlier and Larger Slowdown in Beauty Category Than Expected<\/h4>\n\n\n\n<p>Ulta Beauty (ULTA) saw its shares drop by approximately 13% on Wednesday as CEO Dave Kimbell cautioned about a cooling demand for beauty products. Kimbell noted that while Ulta anticipated a moderation in demand for the year, the slowdown has been more pronounced and arrived earlier than expected.<\/p>\n\n\n\n<p>The decline in Ulta&#8217;s stock price also impacted other beauty segment stocks, including E.L.F. Beauty, Estee Lauder, and Coty, all of which fell on Wednesday morning.<\/p>\n\n\n\n<p>Kimbell attributed the slowdown to various factors, including economic pressures on consumers, geopolitical conflicts, and the upcoming presidential election, which collectively contribute to consumer uncertainty.<\/p>\n\n\n\n<p>Despite these challenges, Ulta anticipates net sales to range from $11.7 billion to $11.8 billion for the fiscal year 2024, representing an increase over the previous fiscal year. However, comparable sales are expected to grow by 4% to 5%, signaling a slowdown from previous years.<\/p>\n\n\n\n<p>The dip in Ulta&#8217;s shares reflects broader concerns about the resilience of the beauty category, which has been a bright spot for retailers amidst softer consumer spending in other sectors.<\/p>\n\n\n\n<p>You might like this article:<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\"> <a href=\"https:\/\/stoxpo.com\/index.php\/2024\/04\/03\/jetblue-pilots-seek-new-labor-agreement\/\">JetBlue Pilots Seek New Labor Agreement<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CEO Warns of Earlier and Larger Slowdown in Beauty Category Than Expected Ulta Beauty (ULTA) saw its shares drop by approximately 13% on Wednesday as CEO Dave Kimbell cautioned about a cooling demand for beauty products. Kimbell noted that while Ulta anticipated a moderation in demand for the year, the slowdown has been more pronounced [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1944,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"8","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar-narrow","sidebar":"author","second_sidebar":"single-right","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"1","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"jnews_post_split":{"enable_post_split":"0","post_split":[{"template":"1","tag":"h2","numbering":"asc","mode":"normal","first":"0","enable_toc":"0","toc_type":"normal"}]}},"categories":[321,381],"tags":[],"coauthors":[453],"_links":{"self":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1943"}],"collection":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/comments?post=1943"}],"version-history":[{"count":1,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1943\/revisions"}],"predecessor-version":[{"id":1945,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1943\/revisions\/1945"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media\/1944"}],"wp:attachment":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media?parent=1943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/categories?post=1943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/tags?post=1943"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/coauthors?post=1943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}