Jim Cramer reveals how Ulta Beauty is profiting off of its partnership with the billionaire mogul and how it could benefit your portfolio.
Ulta Beauty CEO Mary Dillon is showing how retail can work and is"crushing" the competition along the way, CNBC's Jim Cramer said Tuesday.
Additionally, Ulta is keeping their stores and website fresh, Cramer said. On top of that, the company has a dominant influencer reach on social media, particularly through Kylie Jenner and her line of cosmetics. The major indexes soared during the session before losing their gains after news broke that China could walk back some concessions. The Dow Jones Industrial Average shed 0.10 percent, the S&P 500 slipped 0.01 percent, and the Nasdaq finished up 0.12 percent.
"It's not just about communication but it's also about taking a step back and talking about what we did in the last two years ... [when] we said we're going to go after large customers and large deals and we've done a really good job," Pandey said."What happened last year was that you know there's a flywheel in this business which is if the margins start to go up you take the margins and plow it back into the business [to] get more new customers.
"We had anticipated about $6 billion in increased revenues for the fiscal year that ends May 31," Smith told Cramer."We're going to end up with about $4.5 billion, but we are seeing some green sprouts now in the international side and we're optimistic as we go into FY20.
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