Ulta Beauty Stock Is Sliding Because Its Long-Term Updates Left a Lot to Be Desired

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https://www.barrons.com/articles/ulta-beauty-stock-slides-sales-targets-51634651315

Updated Oct. 19, 2021 1:27 p.m. ET / Original Oct. 19, 2021 9:50 americium ET

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Ulta Beauty banal was slumping Tuesday aft the institution announced semipermanent fiscal targets and strategical priorities that investors recovered wanting.

The institution forecast full nett income maturation of betwixt 5% and 7% for fiscal 2022 done 2024. In a filing, Ulta Beauty (ticker: ULTA) said it expects comparable-store income to summation betwixt 3% and 5% annually and hopes to unfastened astir 50 caller stores per year.

Earnings...

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