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
Keywords: elf beauty inc, retail industry, breaking news: earnings, walmart inc, target corp, jennifer coolidge, earnings, business news, breaking news: business, business,
Source: https://www.cnbc.com/2024/02/06/elf-beauty-elf-earnings-q3-2024.html