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Pandemic lockdowns and the resulting work-from-home movement made 2020 an extremely tough year for Ulta, with sales falling 17% compared to the year before. Founded by the former president of Osco Drug, the chain of beauty stores carries a wide variety of cosmetics, haircare, and skincare brands. Over the past decade, Ulta's stock produced an average annual return to shareholders of 24%. The company started 2021 strong, reporting that comparable sales were up 65% compared to the same three months last year.
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