e.l.f. Beauty Shares Drop 25% on First Cut to Full-Year Sales Outlook in Six Years

Dow Jones

Feb 07, 2025

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)

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Beauty Shares Drop 25% on First Cut to Full-Year Sales Outlook in Six Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-07 06:58</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Sabela Ojea \n</p>\n<p>\n  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. \n</p>\n<p>\n  The stock was down 25% to $66.30 in post-market trading on Thursday. 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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 ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ELF":"e.l.f. 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Analysts polled by FactSet had forecast higher full-year sales of $1.34 billion. \n\n\n  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. \n\n\n  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. \n\n\n  For its fiscal third quarter, e.l.f. reported lower-than-expected adjusted earnings and registered a deceleration in sales growth. \n\n\n  Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 06, 2025 17:58 ET (22:58 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}