$EL plummeted after its outlook missed Wall Street's estimates.
The stock had surged more than 80% over the past 12 months on optimism about its strategy under new CEO Stéphane de La Faverie, who took over last year.
📈 e.l.f. Beauty raises its full-year guidance following a Rhode-powered Q3.
"I've never seen a brand that's gone from $0 to $212 million in net sales in less than three years, DTC only with only ten products," CEO Tarang Amin says on the "incredible momentum."
Three reasons to invest in $ULTA, according to Zacks Investment Management senior client portfolio manager Brian Mulberry:
🔥 Attractive differentiated model
💄 Healthy consumer engagement
🛍️ Loyalty platform as a growth engine
Versace officially joined Prada Group's luxury conglomerate on Tuesday, making it Prada Group's third-largest brand by revenue.
The Medusa-emblazoned fashion house will join Prada Group's $15 billion portfolio of brands, which includes its flagship brand, Prada, as well as Miu Miu, Church's, Car Shoe, Marchesi 1824, and Luna Rossa.
https://t.co/wABzhmlPOp
“We remain confident in our strategy to grow market share and capitalize on the significant whitespace ahead of us," e.l.f. Beauty’s Chairman and CEO Tarang Amin told shareholders. https://t.co/YCicCHJGb5
Tarang Amin, CEO of $ELF, says he’s “worried” about the American consumer:
"There's still a lot of uncertainty, particulary with tariffs.”
Full interview:
#elfbeauty@elfcosmetics
President Trump’s trip to the Middle East freely mixed business and diplomacy as he came across over 60 CEOs and executives during his whirlwind trip from Saudi Arabia to Qatar to the United Arab Emirates.
During his visit, the president tried to capitalize on a wave of enthusiasm around artificial intelligence in the region.
The trip was also an opportunity to reemphasize the influence of Elon Musk, who again appeared by Trump's side at multiple stops. https://t.co/9Vpov3ev3i
Prada formally agreed to buy Versace from US luxury conglomerate Capri Holdings for $1.38 billion on Thursday, uniting the two Italian fashion brands under one roof.
The transaction, which is expected to close in the second half of the year.
Prada’s acquisition of the Medusa-emblazoned fashion house marks the brand’s return to Italy. Versace will join Prada Group's $15 billion portfolio of brands, including its flagship brand, Prada, as well as Miu Miu, Church’s, Car Shoe, Marchesi 1824, and Luna Rossa. https://t.co/o7rHWHf9pJ