Warren Buffett was right about this popular beauty retailer
Businessman Warren Buffett got out at the right time before this popular beauty retailer hit a slump.
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 for his long-term investments and successful track record, so this sudden move was a major signal that something bad was heading Ulta's way, and he was right.
