Reported about 16 hours ago
Elf Beauty's stock fell over 20% in after-hours trading as the company revised its annual sales and profit forecasts downward, citing weakened demand in the mass beauty sector and a slower start for new products. Chief Executive Tarang Amin indicated that distractions among the core Gen Z demographic and economic uncertainties are impacting performance, while Trump's tariffs on Chinese imports may further escalate prices, affecting consumer behavior.
Source: YAHOO