By Sabela Ojea
Shares of e.l.f. Beauty fell after the company cut its full-year outlook for the first time in about six years, missing Wall Street expectations.
The stock was down 25% to $66.30 in post-market trading on Thursday. Shares have fallen 48% in the last year, leaving e.l.f. with a market cap of about $4.9 billion.
The indie beauty company lowered its sales outlook for the year ending in March to $1.3 billion to $1.31 billion, down from $1.32 billion to $1.34 billion. Analysts polled by FactSet had forecast higher full-year sales of $1.34 billion.
Chief Executive Tarang Amin said the company is taking a more cautious approach to its guidance as global makeup sales come down from highs seen since the pandemic.
Stripping out one-time items, e.l.f. forecasts full-year earnings of $3.27 to $3.32 a share, below previous expectations of $3.47 to $3.53 a share, and missing Wall Street expectations of $3.60 a share.
For its fiscal third quarter, e.l.f. reported lower-than-expected adjusted earnings and registered a deceleration in sales growth.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
February 06, 2025 17:58 ET (22:58 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。