Making Financial Headlines · Page 10
E.l.f. Raises Its Outlook After Sales Refuse to Stay Modest
· New York time
E.l.f. Beauty reported stronger-than-expected quarterly results, with sales up 51% and growth across its portfolio. The company also raised its full-year guidance, signaling a more optimistic forecast after the strong quarter. Guidance remains a projection, while the reported sales increase is an accomplished result. The beauty company has given investors both a dramatic number and a promise to watch the next one. In an industry used to a polished presentation, the growth figure managed to supply its own shine.
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