The beauty retailer posted adjusted earnings per share of $5.30, missing the analyst consensus of $5.51. Revenue grew 0.9% YoY to $2.55 billion, but fell short of estimates of $2.62 billion.

In the second quarter of 2024, Businessman Warren Buffett invested around $266 million in 690,106 Ulta Beauty shares. However, only a quarter later, he sold over 95% of his shares. Buffet is known ...