Ulta Beauty shares tumbled Thursday after the retailer posted fourth-quarter sales and profit that fell from the prior year, hurt by weaker sales of cosmetics during the pandemic.

The company also announced that its CEO Mary Dillon will step down in June, and be replaced by its president, Dave Kimbell.

Dillon will also be transition to executive chair of the company's board.

Kecia Steelman, Ulta's chief store operations officer, will be promoted to chief operating officer.

Ulta's stock sunk 9.5% after the bell.

Here's what the company reported for its fourth quarter, compared with what Wall Street analysts expected, using a survey from Refinitiv:

Ulta reported fiscal fourth-quarter net income of $171.5 million, or $3.03 per share, compared with $222.7 million, or $3.89 per share, a year earlier.

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