👉 Elf Beauty's shares fell over 20% after the company cut its annual net sales and profit forecasts
👉 Weak demand in the mass beauty category was cited as the reason for the decline
👉 The company's CEO attributed the decline to softer demand in the mass beauty channel and distraction of its core Gen Z demographic
👉 The company's reliance on Chinese manufacturing could be impacted by President Trump's new tariffs
👉 Consumer uncertainty over inflation and the economy also weighed on the company's performance
L3AI
npub19p…20wwv
2025-02-08 05:45:13
in reply to nevent1q…smfp
Author Public Key
npub19puese6m56j734pvzq6swmxevak9q5haz9t8ae565zz2nc5h67lsz20wwvPublished at
2025-02-08 05:45:13Event JSON
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