E.l.f. Beauty grew sales in the high double digit percentages again, but it expects that growth to start to moderate in the coming fiscal year.
The company blew past Wall Street's estimates, but it anticipates its growth will moderate during the current fiscal year and be slower than analysts had expected.posted its first billion-dollar fiscal year on Wednesday as sales spiked by 77% but the retailer's shares fell as it said it expects its growth to slow.Here's how E.l.f.
In a statement, E.l.f. CEO Tarang Amin said he believes the company is still in the"early innings" of its growth story and expects more to come in cosmetics, skin care and in international markets. Its guidance reflects that sentiment, but even so, the company expects to grow at a slower pace than Wall Street anticipated.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Us Weekly’s Breaking Beauty: First Aid Beauty’s Bronze and Glow Drops On this week’s episode of Us Weekly’s Breaking Beauty, editors Robyn Merrett and Crista Lacqua tested First Aid Beauty Bronze and Glow Drops With Niacinamide
Read more »
‘The Price of Beauty:' Americans' mental health impacted by pursuit of beautyAmericans’ obsession with our appearance is growing, and experts worry about the toll its taking on our mental health.
Read more »
Empowering the Beauty Industry With AI and AR ToolsBeauty brands are using AI and AR tools to redefine the beauty space.
Read more »
Us Weekly’s Breaking Beauty: Editors Try Serena Williams’ Wyn Beauty On this week’s episode of Us Weekly’s Breaking Beauty, editors Robyn Merrett and Crista Lacqua tested products from Wyn Beauty
Read more »
Macy's tops expectations for the first quarter as luxury and beauty sales shineMacy’s sales and profits fell during the first quarter as higher costs and other financial challenges had customers pulling back on spending
Read more »
How Ilia Beauty Founder Sasha Plasvic Has Maintained a ‘Brand-first’ Approach Post-acquisitionIlia Beauty founder Sasha Plasvic discusses life after being acquired by Courtin-Clarins' Famille C, and how skin care-makeup brand is charging growth.
Read more »