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0.000153491941672923 0.000153491941672923 -0.00763622409823488 -0.00890253261703758 -0.0230237912509593 -0.0315425940138143 -0.0344589409056025 -0.0276761320030698
Stock impact report

What Makes E.L.F. Beauty A ‘Sticky' Brand Besides Its Power Grip Primer [Forbes]

e.l.f. Beauty, Inc. (ELF) 
Last e.l.f. beauty, inc. earnings: 2/5 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.elfcosmetics.com
Company Research Source: Forbes
E.l.f. Beauty, the cosmetic company that stands for eyes-lips-face and is ranked number two in Forbes most successful mid-cap stock list , is under pressure from allegations by Muddy Waters' Carson Block that it has “materially overstated revenue” by about $135 million to approximately $190 million over the last three quarters. On Wednesday, November 20, Muddy Waters announced it was short-selling its ELF stock holdings, claiming the company misrepresented inventory levels to inflate its revenue numbers. ELF stock dropped 15% during inter-day trading. It was an attempt to disrupt ELF's strength in the stock market. But consumers who buy e.l.f. Beauty don't care about stock prices. They care about the products and how well they perform. The e.l.f. brand has that ineffable, unquantifiable “sticky” quality that pulls in customers of all ages and keeps them loyal to the brand. In advertising, the company makes the most of the stickiness of its hero Power Grip Primer product, which Show less Read more
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