After a stellar 2022 for a big chunk of the sweetness industry, some cracks are starting to indicate in two of the most important players’ financial results — the Estée Lauder Cos. and Ulta Beauty. But is that this an indication that an enormous slowdown is on its way for the industry after having fun with the fruits of a post-pandemic boom?
Based on analysts, the recent results shouldn’t sound the alarm for the industry as an entire, although expect some moderation in growth because the 2022 comps will likely be very tough to beat.
In any case, as consumers returned en masse to beauty post-COVID-19, despite soaring inflation and recession fears, 2022 was a 12 months that Ulta Beauty clocked in...
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