Ulta Beauty Inc beat quarterly profit estimates on Thursday, driven by sales of higher-margin cosmetics products, sending the retailer’s shares up over 11% in extended trading. The near 30-year-old company has capitalized on booming demand for celebrity-led beauty brands, which are usually priced at a premium, and has attributed cosmetics lines from Kylie Jenner and YouTuber James Charles for driving customers to its stores. In October, Ulta said it had secured exclusive rights to sell singer Jennifer Lopez’s new fragrance, PROMISE, in the United States. …read more
Source:: Yahoo Finance
