E.l.f. Beauty Beats Expectations Despite Tariffs
E.l.f. Beauty reported stronger-than-expected quarterly earnings, but new tariffs on Chinese imports weighed on profits. The cosmetics company’s sales grew 9%, marking the second quarter in a row with single-digit revenue growth. New China tariffs led to a 30% decline in profits, compared to the same period last year. E.l.f.’s net income fell to $33.3 … Read more