Why Ulta Beauty is Revising Full-year 2024 Forecasts Downward, Despite Q1 Growth

'I remain confident in our differentiated model, the resilience of the beauty category and our ability to execute against our plans, but we have adjusted our annual guidance as we anticipate the dynamics we faced in the first quarter to continue for the balance of the year,' said Dave Kimbell, chief executive officer.
"I remain confident in our differentiated model, the resilience of the beauty category and our ability to execute against our plans, but we have adjusted our annual guidance as we anticipate the dynamics we faced in the first quarter to continue for the balance of the year," said Dave Kimbell, chief executive officer.
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Ulta Beauty's Q1 fiscal 2024 net sales totaled $2.7 billion, a 3.5% increase year-over-year.

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