Ulta Beauty says it’s ‘increasingly mindful’ of effects that global conflicts have on shoppers, as profit forecast sinks stock

🤖 AI Summary

Ulta Beauty forecast profit and same-store sales for this year below Wall Street estimates.

The company expects more selective consumer spending and stated it is "increasingly mindful" of conflicts abroad.

Ulta Beauty's stock slid in after-hours trading following the lowered forecast and acknowledgment of geopolitical risks.