This Stock Could Be a Beautiful Addition to Your Portfolio
Cosmetics have been a part of human culture as far back as history goes. Everyone wants to look beautiful, and this desire has created a thriving industry worth more than $90 billion in the U.S. alone.
Ulta Beauty (NASDAQ: ULTA) is the largest cosmetics retailer in the United States. Down 5% since January, the stock has struggled in recent months. However, there are two significant reasons why Ulta is poised to be a long-term winner for investors.
Ulta Beauty has consistently grown its revenue over the past decade, averaging 17% per year. You can see the smooth upward trend in the graph below, and even when COVID-19 disrupted the business by keeping shoppers out of many stores, the company rebounded in 2021. You can almost take a pencil and "draw" a line over the 2020 dip, and its 2021 revenue of $8.6 billion falls almost perfectly on a long-term trend line.
Source Fool.com
