Oddity Tech says it's bucking the beauty slowdown Ulta warned about

Oddity Tech, the parent company behind two beauty brands, disagreed with recent comments about the cooling demand for beauty products. The company’s CFO stated that the industry is transforming, with consumers shifting towards online platforms and high efficacy products that solve their problems. Oddity Tech, which utilizes AI in product development, exceeded market expectations, reporting a 28% increase in sales in the first quarter compared to the previous year.