:max_bytes(150000):strip_icc()/GettyImages-1566548569-6f84501d0670405589641f887dc30b7f.jpg?w=1920&resize=1920,1267&ssl=1 "E.l.f. Beauty Stock Plunges as Cosmetics Retailer Lowers Outlook on Weak January Sales | Global News Avenue")
E.l.f. Beauty Stock Plunges as Cosmetics Retailer Lowers Outlook on Weak January Sales
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Key Points
- After soft sales in January, cosmetics retailers lowered their outlook for the entire fiscal year, with Elf Beauty stocks down about 26% in the listing transaction.
- The retailer said it now expects full-year sales to range between $1.3 billion and $1.31 billion, down from $1.315 billion to $1.335 billion.
- Elf Beauty’s stock has lost nearly half of its value as of Thursday.
Elf beauty (Elf) After soft sales in January, cosmetics retailers lowered their outlook for a full year, with stocks up about 26%.
The retailer said it now expects full-year sales to be between $1.3 billion and $1.31 billion, down from $1.315 billion to $1.335 billion It predicted earlier that the consensus of alpha compilation is estimated to be $1.34 billion.
“Given that January’s trends are softer than expected, we are taking a cautious approach and lowering the outlook for the last quarter of our fiscal year.” CFO Mandy Fields added that the new outlook for fiscal 2025 reflects a year-on-year increase in net sales of 27%-28%, compared with a previous increase of 28-30%.
The company released third-quarter adjustment Earnings per share (EPS) Out of 74 cents, the prediction was slightly missed. Revenue was $355.3 million, up 31% year-on-year.
In the past, ELF Beauty’s stock has lost almost half of its value in the past Year to Thursday.
Updated – feb. 7, 2025: This article has been updated to include refreshed share prices and added adjusted earnings per share.
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