Ulta Beauty profit beats on demand for high-margin cosmetics; shares rise 11%

Ulta Beauty Inc beat quarterly profit estimates on Thursday, driven by sales of higher-margin cosmetics products, sending the retailer's shares up over 11% in extended trading.The near 30-year-old company has capitalized on booming demand for celebrity-led beauty brands, which are usually priced at a premium, and has attributed cosmetics lines from Kylie Jenner and YouTuber James Charles for driving customers to its stores.In October, Ulta said it had secured exclusive rights to sell singer Jenn