Ulta Beauty, Inc. ( ULTA ) shares are falling on Wednesday.  The company’s executives cautioned about a deceleration in demand across categories in the first quarter, Reuters reported. Ulta expects its overall category to grow moderately in the mid-single-digit range, marking a shift from previous years of robust expansion, the report read. “What we’ve seen so far is a slowdown in the...

01:32 PM EDT, 04/03/2024 (MT Newswires) -- Consumer stocks were mixed Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.9% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.2%. In corporate news, Ulta Beauty ( ULTA ) shares tumbled past 14% after the company said it expects Q1 comparable sales to be at the...

(Reuters) - With Walt Disney's months-long proxy war with activist investor Nelson Peltz in the rear-view mirror, attention is refocused on finding CEO Bob Iger's successor. The board has extended Iger's retirement date five times, continually deferring decisions about finding a replacement. Disney board members sought to reassure investors, ahead of Wednesday's shareholder vote, that this time they are taking...

01:30 PM EDT, 04/03/2024 (MT Newswires) -- Price: 121.15, Change: -1.67, Percent Change: -1.36 ...