Shares of Ulta Beauty rose following the release of the beauty company’s better-than-expected fourth-quarter earnings.
launched an exclusive brick-and-mortar distribution deal for Jenner’s Kylie Cosmetics line in Ulta stores last November. The popular assortment of lip kits and color cosmetics is currently valued at around $800 million and has continually attracted both consumers and investors to Ulta.
—CNBC’s Nia Warfield and Reuters contributed to this report.
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