e.l.f. Beauty Inc.'s stock plummeted 21.23% in after-hours trading on Thursday, following the company's weaker-than-expected FY2025 outlook and softer sales trends in the January period.
The cosmetics and skincare company reported fiscal Q3 2025 earnings of $0.74 per share, meeting analysts' expectations. However, net sales of $355.3 million, while up 31% year-over-year, fell short of forecasts for FY2025.
For the full fiscal year 2025, e.l.f. Beauty lowered its net sales guidance to $1.30-1.31 billion from a prior range of $1.315-1.335 billion. The company blamed the reduced outlook on weaker-than-expected demand in the mass beauty retail channels during January. Adjusted earnings per share are now projected at $3.27-3.32, down from the previous target of $3.47-3.53.