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ELF Warns of ‘Softer-Than-Expected’ Trends

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By: TOM BRANNA

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ELF Beauty Inc. trimmed its full-year outlook citing “softer-than-expected trends in January.” The move sent the company’s shares down in Thursday’s trading. ELF said it expects sales to be between $1.30 to $1.31 billion. That’s down from its prior forecast of $1.315 to $1.335 billion. The Oakland-based company posted revenue of $355.3 million, beating the analyst consensus of $329.03 million and marking a 31% increase YoY. However, adjusted earnings per share ca...

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