E.l.f. Beauty Marks Historic $1 Billion Year, Shares Decline Following Outlook Update
Wednesday, 22 May 2024, 20:46
E.l.f. Beauty Achieves $1 Billion Milestone
E.l.f. Beauty marked a historic moment as it surpassed $1 billion in annual sales, showcasing its strong performance.
Shares Experience Decline
The company's shares fell following the release of a weaker-than-expected guidance for the upcoming fiscal year.
Growth Outlook Moderation
E.l.f. Beauty anticipates a slowdown in its growth rate in the coming fiscal period, despite the ongoing positive sales trends.
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