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Ulta Beauty sinks after posting a disappointing guidance

“The cosmetics retailer Ulta Beauty fell as much as 7.05% to $272.27 a share late Thursday after the company reported disappointing guidance” writes Finanzen Net Gmbh for businessinsider.com. The stock has been rallying since August 30 — up 18.8% — when reality star Kylie Jenner announced she would sell her cosmetic brand in Ulta Beauty stores during the holiday shopping season.”Traffic surrounding the Kylie Cosmetics launch was particularly strong; checks through Black Friday weekend point to meaningful share transfer from legacy channels to Specialty formats,” Stephanie Wissink, a Jefferies analyst said ahead of the earnings release.
 
Source: businessinsider.com



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