E.l.f. Shares Drop 23% After Full-Year Guidance Outlook Misses Analyst Forecasts Amid Tariff Concerns

Benzinga

e.l.f. Beauty shares dropped nearly 23% after the company issued full-year guidance below expectations, citing tariff uncertainty and softer consumer sentiment. CEO Tarang Amin said most products remain under $10 and highlighted market share gains, including growth from its Rhode acquisition expected to deliver $200M in sales.

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

00:02Elf Beauty shares fell at nearly 23% late Wednesday after issuing full-year guidance

00:07below expectations, citing tariff-related uncertainty and tempered consumer sentiment,

00:10according to the Wall Street Journal. The company expects adjusted earnings of $2.80

00:14to $2.85 per share on revenue of $1.55 billion to $1.57 billion,

00:20versus analysts' forecasts of $3.53 and $1.65 billion, respectively.

00:25CEO Tarang Amin said the company couldn't issue guidance in the past two quarters

00:29due to tariff uncertainty, but is confident in the guidance now provided.

00:33Amin highlighted market share gains and resilience among consumers despite inflation

00:37and a $1 price increase, noting 75% of Elf's products were in price at $10 or less.

00:43The company also cited strong growth prospects from its acquisition of Haley Bieber's Road Brand,

00:48which is expected to generate $200 million in sales this fiscal year and expand internationally.

00:53For all things money, visit Benzinga.com.

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