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Cosmetics retailer Ulta Beauty said on Monday insider Kecia Steelman will replace retiring CEO Dave Kimbell in the top role, and forecast a strong fourth quarter, sending its shares up about 2 percent in extended trading.
Ulta expects quarterly comparable sales to increase modestly and said its operating margin will be above the high end of its previously expected range of 11.6 percent to 12.4 percent of sales, thanks to stronger-than-expected demand during the holidays.
Kimbell spent 11 years…
