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E.l.f. Beauty plans price cuts after tariff hikes slow sales amid rising consumer costs

Company Fundamentals
20 May 2026
CNBC
View Source
Neutral
pluang ai news

E.l.f. Beauty is rolling back some tariff-driven price increases after seeing a drop in unit sales due to higher consumer costs. CEO Tarang Amin highlighted a recent successful $4 price cut on a key product that boosted sales by nearly 40%, prompting further price tests to drive growth. Despite beating Q4 earnings expectations, the company issued weaker fiscal 2027 guidance, expecting lower sales and earnings per share than analysts anticipated. Growth is now largely driven by its Rhode brand, with expansion plans in Europe, while E.l.f. remains open to acquisitions to support balanced growth across its portfolio.

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