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Ulta Beauty Stock Slides After Long-Term Targets Are Updated

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Ulta Beauty stock slid Tuesday after the company announced its long-term financial targets and strategic priorities.

The company forecast total net sales growth of between 5% and 7% for fiscal 2022 through 2024. In a filing, Ulta Beauty (ticker: ULTA) said it expects comparable-store sales to increase between 3% and 5% annually and hopes to open about 50 new stores per year.

Earnings…


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