E.l.f. Beauty's Profit Plunge and Weak Sales Outlook Drive Guidance Cut

Benzinga

E.l.f. Beauty lowered its full-year guidance after reporting a 36% profit drop and weaker-than-expected January sales. The cosmetics company reported higher-than-expected revenue but slightly missed earnings per share projections. E.l.f. Beauty's outlook for the current quarter appears weaker than anticipated. Projected earnings per share fall well below market expectations based on its full-year guidance and previous performance. CEO Tarang Amin cited industry-wide softness, challenging comparisons, and underperforming product launches.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Elf Beauty lowered its full year guidance after reporting a 36% drop in profits and

00:07weaker than expected January sales. The cosmetic company reported higher than expected revenue,

00:11but slightly missed earnings per share projections.

00:14Elf Beauty's outlook for the current quarter appears weaker than anticipated.

00:19Projected earnings per share fell well below market expectations based on its full year

00:24guidance and previous performance. CEO Tarang Amin cited industry-wide softness,

00:30challenging comparisons, and underperforming product launches.

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