Commentary on E.L.F. Beauty (ELF) Under Pressure

2 months ago

Nora Melinda

"We're looking at shares of E.L.F. Beauty. That's ticker ELF. We're seeing shares tumbling for double-digit losses earlier down as much as 34%. This is the worst day that the company has seen in seven years. Uh but I mean, of course, if you look on a year-to-date basis, we're also seeing the stock down about 38%. But essentially, the company cut its fullear outlooks for adjusted EPS and net sales. Analysts are still saying that they remain positive about Road, which we know Haley Bieber, wife of Justin Bieber, has a makeup line called Road, but they do see weakness in terms of their actual products."

The speaker details the recent poor performance of E.L.F. Beauty, noting double-digit losses and missed EPS/net sales guidance, while also mentioning mixed sentiment due to a supportive partnership despite underlying product weaknesses.

Related Stocks