Reported 20 days ago
Elf Beauty is expected to see nearly 33% revenue growth in its second quarter, contrasting sharply with declining sales reported by major beauty brands like Estee Lauder and L'Oreal. Their popularity stems from a broad distribution across various retail channels, making their budget-friendly products accessible to consumers. Analysts predict Elf's sales will rise to $285.8 million, despite concerns over a slowdown in growth following a significant stock price drop since mid-2022.
Source: YAHOO