Oddity Tech says it's bucking the beauty slowdown Ulta warned about
Oddity Tech .(ODD) CNBC·2024-05-07 20:07
As Ulta Beauty says it expects a slowdown in retail's most resilient category, an upstart says it's bucking the trend. Oddity Tech – the newly public Israeli cosmetics platform that uses AI to develop products — posted first quarter results that blew past expectations and raised its full-year guidance. Here's how the beauty retailer behind the Il Makiage and Spoiled Child brands performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:Earnings per share: 61 cents adju ...