E.l.f. Beauty Surpasses $1 Billion in Annual Sales, Shares Fall on Cautious Future Outlook

Despite record-breaking sales growth, e.l.f. Beauty's forecast for slower growth led to a decline in share price.

E.l.f. Beauty reported $1.02 billion in sales for fiscal 2024, a 77% increase from the previous year.
Fourth-quarter earnings were 53 cents per share, significantly beating the 32-cent estimate.
Despite strong performance, the company’s forecast for fiscal 2025 fell short of Wall Street expectations.
CEO Tarang Amin remains optimistic about future growth in cosmetics, skin care, and international markets.
Shares dropped over 8% following the announcement of the weaker-than-expected guidance.