(Updates with additional details in first paragraph, and shares move in fourth bullet.)
- Company reaffirms 2Q and FY26 guidance
- Cormier to leave company effective April 11 to pursue other opportunities
- Lee has held executive roles at Bed Bath & Beyond and Hertz
- Shares of the beauty products retailer drop as much as 9.7%, the most intraday since May 13, amid a broader market selloff
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