E.l.f. Beauty shares soar 20% after retailer indicates its torrid growth may not be over
Publishing timestamp: 2024-05-23 11:38:27
Summary
E.l.f. Beauty posted its first $1 billion fiscal year with sales growing by 77%, but the company's guidance for the current fiscal year was lower than expected. Shares initially fell but later rose as the company suggested its guidance was conservative. Ulta Beauty CEO's warning about cooling demand for cosmetics also impacted the industry.
Sentiment: MIXED
Tickers: GOOGL, ELF, EL, COTY, TGT, ULTA, BRK.A, WMT,
Keywords: breaking news: earnings, ulta beauty inc, walmart inc, elf beauty inc, business, retail industry, earnings, target corp, estee lauder companies inc, dave kimbell, dividends, coty inc, breaking news: business, business news,
Source: https://www.cnbc.com/2024/05/22/elf-beauty-elf-earnings-q4-2024.html