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E.l.f. Beauty blows past Wall Street's estimates, raises guidance for a third quarter in a row - TL;DR CNBC

E.l.f. Beauty blows past Wall Street's estimates, raises guidance for a third quarter in a row

Publishing timestamp: 2024-02-06 16:32:38


Summary

E.l.f. Beauty exceeded Wall Street's expectations with 85% sales growth during its holiday quarter. The company raised its full-year sales guidance for the third quarter in a row. E.l.f. Beauty's CEO expressed confidence in the company's momentum and potential for further growth. The brand has successfully targeted young consumers through viral marketing and affordable products. E.l.f. Beauty has also expanded its online sales and experimented with platforms like TikTok Shop and Roblox.


Sentiment: POSITIVE

Tickers: ELFTGTWMT

Keywords: elf beauty incretail industrybreaking news: earningswalmart inctarget corpjennifer coolidgeearningsbusiness newsbreaking news: businessbusiness

Source: https://www.cnbc.com/2024/02/06/elf-beauty-elf-earnings-q3-2024.html


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