Why e.l.f. Beauty Stock Was Falling Today [Yahoo! Finance]
e.l.f. Beauty, Inc. (ELF)
Last e.l.f. beauty, inc. earnings: 2/5 04:05 pm
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investor.elfcosmetics.com
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Source: Yahoo! Finance
Not surprisingly, investors didn't take the news well, and the stock was down 9.9% at 2:15 p.m. ET. Are You Missing The Morning Scoop? Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Muddy Waters, which has been an active short-seller for more than a decade, said that e.l.f. had been materially overstating its revenue over the last three quarters by an estimated $135 million-$190 million. The short-seller said that the beauty company realized that its growth narrative was in trouble in its second quarter and believed inventory also appeared to be inflated. Muddy Waters also noted that e.l.f. announced a change in its sourcing practices that led to the "sudden appearance" of $36.9 million in inventory, which e.l.f. said was because it took ownership of merchandise in China. Muddy Waters' investigation found that e.l.f. had historically taken ownership of goods in China, so it believes the move was designed to inflate sales. Muddy Waters isn't t
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ELF
News
- E.L.F. Beauty ALERT: Bragar Eagel & Squire, P.C. is Investigating e.l.f. Beauty, Inc. on Behalf of e.l.f. Beauty Stockholders and Encourages Investors to Contact the FirmGlobeNewswire
- Bronstein, Gewirtz & Grossman, LLC Is Investigating e.l.f. Beauty, Inc. (ELF) And Encourages Stockholders to ConnectAccesswire
- The Schall Law Firm Urges Shareholders To Take Part In An Inquiry Into e.l.f. Beauty Inc For Securities Law Violations Accesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of e.l.f. Beauty, Inc. - ELFAccesswire
- ELF Investors Have Opportunity to Join e.l.f. Beauty, Inc. Securities Fraud Investigation with the Schall Law FirmPR Newswire
ELF
Earnings
- 11/6/24 - Beat
ELF
Sec Filings
- 11/14/24 - Form 4
- 11/12/24 - Form 144
- 11/12/24 - Form SC
- ELF's page on the SEC website