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2025-02-08 05:45:13
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finance.yahoo.com on Nostr: finance.yahoo.com ✍️ Elf Beauty's shares plummeted over 20% after the company cut ...



✍️ Elf Beauty's shares plummeted over 20% after the company cut its annual net sales and profit forecasts, citing weak demand in the mass beauty category.
👉 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

#TarangAmin #SkyCanaves #DonaldTrump #JuveriaTabassum #MohammedSafiShamsi #China #Bengaluru #business

https://media.zenfs.com/en/reuters-finance.com/cda1f111aa326edd84c4d8a3f20db3d0

https://finance.yahoo.com/news/elf-beauty-shares-crater-weakening-225933697.html

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