WASHINGTON (dpa-AFX) - Shares of Ulta Beauty Inc. (ULTA) tumbled over 14% on
Wednesday after CEO David Kimbell's comments about the outlook during the
company's appearance at the JPMorgan Retail conference.

ULTA is currently trading at $446.54, down $73.14 or 14.08%, on the Nasdaq. The
stock opened its trading at $469.57 after closing Tuesday at $519.68. The stock
has traded between $368.02 and $574.76 in the past 52-week period.

Kimbell warned about a slowdown in demand across categories in the first quarter
amid strong competition.

'What we're seeing right now as we're 2 months into our fiscal year, we have
seen a slowdown in the total category,' said David Kimbell, Ulta Beauty's CEO.
'The category has grown. We came into the year and we talked about this on our
call a few weeks ago, with expecting the category to moderate.'



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