Ulta Sinks After Giving a Cautious Outlook for the Full Year

Ulta Beauty Inc. fell in early trading after the cosmetics retailer offered guidance for the current year that was toward the low end of Wall Street’s expectations.

Comparable sales, which measures revenue from online and stores that have been open for at least a year, is expected to rise in a range of 2.5% to 3.5% this year, according to the company’s statement, compared with the 3.5% average of analyst estimates. The top range for earnings per share is also only slightly higher than the average of estimates.