Watch CNBC's full interview with Ulta CEO Dave Kimbell

Ulta CEO Dave Kimbell joins CNBC's 'Squawk Box' to discuss how the beauty company is reacting to high inflation, the company's latest partnership with Target and more. "Most beauty enthusiast don't just buy prestige or buy mass. What we're seeing right now in our business is strength across the assortment," Kimbell tells CNBC.