Core Viewpoint - A federal securities class action has been filed against e.l.f. Beauty, Inc. (ELF) for allegedly overstating revenue and concealing inventory issues during the Class Period from November 1, 2023, to November 19, 2024 [1][3][4] Group 1: Allegations and Findings - Muddy Waters Research published a report on November 20, 2024, claiming that ELF had materially overstated revenue over the past three quarters, particularly in Q2 FY24 [3] - The report indicated that ELF's management began reporting inflated revenue and profits as inventory levels rose, which were falsely attributed to changes in sourcing practices rather than declining sales [3][4] - Following the report, ELF's share price dropped by $2.71, closing at $119.00 on November 20, 2024, down from $121.71 the previous day [3] Group 2: Class Action Details - The complaint alleges that ELF failed to disclose rising inventory levels due to declining sales and instead misled investors by attributing these levels to sourcing changes [4] - ELF is accused of maintaining investor confidence by reporting inflated revenue, profits, and inventory over several quarters [4] - Investors who acquired ELF securities during the Class Period are reminded of the May 5, 2025, deadline to seek the role of lead plaintiff in the class action [1]

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against e.l.f. Beauty, Inc. due to allegations of misleading statements and inflated financial metrics, with a class action lawsuit deadline set for May 5, 2025 [2][4]. Group 1: Allegations Against e.l.f. Beauty - The complaint alleges that e.l.f. Beauty and its executives violated federal securities laws by making false and misleading statements regarding inventory levels and sales performance [4]. - It is claimed that e.l.f. Beauty falsely attributed rising inventory levels to changes in sourcing practices rather than declining sales [4]. - The company reportedly inflated revenue and profits over several quarters to maintain investor confidence, which has led to overstated business and financial prospects [4]. Group 2: Financial Performance and Outlook - Following the class period, e.l.f. Beauty revised its fiscal 2025 net sales growth forecast to 27%-28%, down from the previous guidance of 28%-30% [5]. - The adjusted EBITDA guidance was also lowered to $289-293 million from $304-308 million, partly due to a $7 million foreign currency loss [5]. - The company anticipates net sales growth to be between -1% to +2%, reflecting softer consumption trends and slower-than-expected new product performance [5]. Group 3: Legal Proceedings and Investor Actions - Investors who suffered losses exceeding $50,000 in e.l.f. Beauty between November 1, 2023, and November 19, 2024, are encouraged to discuss their legal options [1]. - The lead plaintiff in the class action will be the investor with the largest financial interest who is typical of class members [5]. - Faruqi & Faruqi, LLP is also seeking information from whistleblowers, former employees, and shareholders regarding e.l.f. Beauty's conduct [6].

RADNOR, Pa., April 3, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against e.l.f. Beauty, Inc. ("Elf") (NYSE: ELF) on behalf of those who purchased or otherwise acquired Elf securities between November 1, 2023, and November 19, 2024, inclusive (the "Class Period"). The lead plaintiff deadline is May 5, 2025.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered Elf losses, you may CLICK HER ...

NEW YORK, April 3, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of e.l.f. Beauty, Inc. (NYSE: ELF).Shareholders who purchased shares of ELF during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE: https://securitiesclasslaw.com/securities/e-l-f-beauty-loss-submission-form/?id=140399&from=4 CLASS PERIOD: November 1, 2023 to No ...

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) contrary to its representations to investors, the Company was experiencing rising inventory levels as a consequence of flagging sales; (ii) Elf falsely attributed the rising inventory levels to, among other things, changes in its sourcing practices; (iii) to maintain investor confidence, Elf reported inflated revenue, profits, and inventory over several quarters; (iv) the Company's business and/or fina ...

WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material informat ...

NEW YORK, March 31, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of e.l.f. Beauty, Inc. (NYSE: ELF). Shareholders who purchased shares of ELF during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/e-l-f-beauty-loss-submission-form/?id=139414&from=4 WHY GROSS LAW FIRM? The Gross Law ...

Core Viewpoint - A class action lawsuit has been filed against e.l.f. Beauty, Inc. and certain officers for alleged violations of federal securities laws during the Class Period from November 1, 2023, to November 19, 2024, related to misleading statements about the company's inventory management and financial performance [1][5][6]. Company Overview - e.l.f. Beauty, Inc. offers cosmetic and skincare products under various brand names, employing an omni-channel distribution strategy that includes retail partnerships and direct e-commerce sales [4]. - The company positions itself with accessible pricing, with an average product price point of approximately $6, significantly lower than competitors [4]. - e.l.f. claims to have a scalable, asset-light supply chain, primarily sourcing products from China through third-party manufacturers [4]. Financial Performance and Inventory Management - Effective inventory management is crucial for e.l.f.'s financial success, as revenue is derived from sales net of discounts, returns, and markdowns [4]. - In fiscal Q2 2024, e.l.f. began to face growth concerns due to rising inventory levels linked to declining sales, which the company allegedly concealed from investors [5]. - The lawsuit claims that e.l.f. made materially false statements regarding its business and financial prospects, including inflated revenue and profits [5][6]. Allegations and Impact - Muddy Waters Research published a report alleging that e.l.f. had materially overstated revenue and concealed inventory challenges, attributing rising inventory levels to sourcing changes rather than insufficient sales [7]. - Following the report, e.l.f.'s stock price fell by $2.71 per share, or 2.23%, on November 20, 2024 [8]. - After the Class Period, e.l.f. revised its fiscal 2025 net sales growth outlook down to 27%-28% from 28%-30% and adjusted EBITDA guidance down to $289-293 million from $304-308 million [9]. Stock Performance - As of March 5, 2025, e.l.f.'s stock price closed at $64.67 per share, reflecting a total decline of $57.04 per share, or nearly 47%, since the issues regarding inventory management and revenue were revealed [10].

If you suffered Elf losses, you may CLICK HERE or copy and paste the following link into your browser: https://www.ktmc.com/new-cases/elf-beauty-inc? utm_source=PR&utm_medium=link&utm_campaign=elf&mktm=r You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. DEFENDANTS' ALLEGED MISCONDUCT: The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts a ...

RADNOR, Pa., March 28, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California against e.l.f. Beauty, Inc. (“Elf”) (NYSE: ELF) on behalf of those who purchased or otherwise acquired Elf securities between November 1, 2023, and November 19, 2024, inclusive (the “Class Period”). The lead plaintiff deadline is May 5, 2025. CONTACT ...