Ulta Beauty’s annual profit forecast misses estimates as costs climb

Ulta Beauty on Thursday forecast full-year profit below Wall Street estimates after elevated supply chain costs and increased promotions hurt margins, sending its shares down 4.5% in extended trading. Ulta Beauty Despite the beauty retailer’s efforts to boost sales through steep discounts, inflation-weary consumers cut back spending on discretionary items such as cosmetics and hair [...]read moreUlta Beauty’s annual profit forecast misses estimates as costs climb