Beauty CEO Tarang Amin told CNBC's Jim Cramer on Monday that the company has performed well even as the cosmetics industry goes through a rough patch, stressing the budget-conscious nature of the products.
The company's most recent quarter beat expectations and the beauty retailer said it saw sales grow by 50%.
Amin said the company posted 22 consecutive quarters of net sales growth and market share growth.
Some beauty companies have reported a slowdown in consumer spending, and Amin said the category is seeing "softness," down 6%.
We'll do the same this time, and the only other big difference is we continue to diversify our supply chains."
Persons:
Tarang Amin, CNBC's Jim Cramer, Amin, Gen Z, Roblox
Organizations:
Alpha
Locations:
U.S, China