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Benzinga
Benzinga
Business
AJ Fabino

18% Higher From Here? This Analyst Sees More Upside For Beauty Stock That Has Outperformed The Market In 2022

Ulta Nasdaq

Ulta Beatuy Inc (NASDAQ:ULTA) gave shareholders a reason to cheer this quarter.

The cosmetics company issued earnings that exceeded expectations and provided a positive outlook, continuing a recent pattern among businesses involved in the beauty industry. In fiscal year 2022, it booked over $985 million in profits and over $8.6 billion in sales.

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