Ulta Beauty shares fall 2.53% intraday despite international expansion into Mexico.

Ulta Beauty, Inc. declined 2.53% in intraday trading. The company announced the opening of its first stores in Mexico, marking its international debut and an exciting milestone in its growth strategy. This expansion introduces Mexican beauty enthusiasts to a curated selection of exclusive brands and products. However, the stock's decline suggests that investors may be reacting to broader market conditions or other factors not directly related to the news.