Ulta Beauty shares rose more than 5% in extended trading on Wednesday after the company reported fiscal second-quarter sales jumped more than 60% as shoppers rushed in to restock their makeup bags.
Ulta raised its full-year outlook after seeing the return of customer demand for beauty products at a faster pace than expected.
“This performance reflects the recovery of the beauty category, investments and choices we’ve made over the last year to adapt to the market disruption and strengthen our leadership position, and the ongoing efforts of our associates to deliver great experiences for our guests,” said CEO Dave Kimbell.
Source: CNBC
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