The booming age of cellphones isn’t just benefiting the technology industry — Ulta Beauty is now reaping the rewards of a “selfie” culture that prompts people to be camera ready at all times, CEO Mary Dillon said.
This was one of the catalysts behind the higher guidance that boosted the stock 11 percent on Thursday.
“We are really focused on the beauty enthusiast … but also as you know, everybody has got a great phone in their pocket. Everybody is taking pictures. Who doesn’t want to look good in a picture? I don’t know anybody who doesn’t,” Dillon told “Mad Money” host Jim Cramer.