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Stock impact report

Spas, makeup and cosmetics sales surge in post-pandemic beauty boom [FOX Business Network]

Ulta Beauty, Inc. (ULTA) 
Last ulta beauty, inc. earnings: 3/12 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.ultabeauty.com/overview/default.aspx
As more people get vaccinated and restrictions are rolled back, Americans are beginning to transfer one mask for another: enter facial treatment masks, under-eye patches and all other cosmetic essentials. The post-pandemic beauty boom has many shelling out big bucks on self-care and grooming products. "People are starting to invest in their appearance," FOX Business's Lydia Hu told "Mornings with Maria." "They want to look and feel the best versions of themselves after such a long year that we've all had." The beauty spending spree has also been a boon for salons and spas. (iStock) Spending is up across the board on cosmetics – up 23% year-over-year according to the Consumer Brands Association. Data from market research firm IRI show that lipstick sales are up 80% from the same time period last year. Similarly, teeth whitener sales popped 51%. With offices opening back up and in-person events resuming, the cosmetics segment has seen the fastest sales growth among beauty-care Show less Read more
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