Ulta Beauty (ULTA.US) performance is a mixed bag: Q2 profit beat boosts full-year guidance, but warns of slowing sales growth.

According to financial app WiseNews, cosmetics retailer Ulta Beauty (ULTA.US) exceeded its second quarter performance expectations and raised its full-year performance forecast, despite warning that consumers may reduce spending. Q2 net profit increased from $2.526 billion (5.30 per share) in the same period last year to $2.609 billion (5.78 per share). Revenue increased by 7.7% year-on-year to $28 billion, exceeding analyst expectations.