Ulta Beauty’s same-store sales take a surprising turn, and retailer’s stock drops 7%

Shares of Ulta Beauty Inc. dropped more than 8% in the extended session Thursday after the specialty retailer reported worse-than-expected quarterly earnings, cut its guidance, and showed a drop in same-store sales against expectations of an increase.

Ulta Beauty’s same-store sales take a surprising turn, and retailer’s stock drops 7%
Shares of Ulta Beauty Inc. dropped more than 8% in the extended session Thursday after the specialty retailer reported worse-than-expected quarterly earnings, cut its guidance, and showed a drop in same-store sales against expectations of an increase.