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Cosmetics company E.l.f. Beauty said it plans to charge $1 more for its items beginning August 1 in response to tariffs.
Investors with an interest in Cosmetics stocks have likely encountered both European Wax Center, Inc. (EWCZ) and e.l.f. Beauty (ELF).
While the deal to buy cosmetics brand Rhode is a positive, it remains to be seen how the company will navigate macro uncertainty, analysts say.
In this video, I cover e.l.f. Beauty's (ELF 24.31%) earnings report and explain why the stock crashed and then soared on Thursday.
E.l.f. Beauty announcing it will buy Hailey Bieber's brand, Rhode for $1 billion dollars. The move gives the cosmetics retailer access to a product line that has become hugely popular among Gen Z and millennials.
elf Beauty Inc (NYSE: ELF) rallied as much as 30% this morning after announcing a $1 billion deal with Hailey Bieber. elf is buying the influencer's skincare and cosmetics brand, Rhode, in what is being touted as one of the biggest celebrity beauty transactions to date.
e.l.f. Beauty, Inc. ELF is gapping up on Thursday. The company agreed to acquire Hailey Bieber's Rhode for $1 billion.
elf Beauty Inc (NYSE:ELF) is surging 31.1% to $118.63, after announcing a $1 billion acquisition of Rhode, the skincare brand founded by Hailey Bieber.
Shares in elf Beauty Inc (NYSE:ELF) surged 25% after it snapped up Hailey Bieber's skincare brand, Rhode, in a deal that could reach $1 billion. The company, launched in 2022 and named after her middle name, has grown quickly through online popularity and TikTok buzz, generating over $200 million in sales in the past year.
ELF Beauty stock rallies on earnings beat, $1 billion deal to buy Hailey Bieber's skincare brand Rhode. Rival Ulta in buy zone.