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Ulta Beauty Downgraded Over Fears for Growth as Competition Intensifies

Por: MarketWatch Business December 12, 2022

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Ulta has had a strong year so far. Shares of the beauty retailer have jumped 14% in 2022, while the has fallen 17%. Historically, the beauty category performs well in times of economic uncertainty as shoppers continue to treat themselves to cosmetic products, and Ulta has been no exception. In its latest , the company’s financials beat Wall Street expectations and it raised guidance for the full year. McShane thinks Ulta’s strong performance... + full article



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