E.l.f. Beauty Stock Plunges as Cosmetics Retailer Lowers Outlook on Weak January Sales

KEY TAKEAWAYSE.l.f. Beauty shares are sinking around 26% in premarket trading, a day after the cosmetics retailer lowered its outlook for its fiscal full year following soft sales in January. The retailer said it now expects full-year sales of between $1.3 billion and $1.31 billion, below the $1.315 billion to $1.335 billion it had forecast earlier.Shares in E.l.f. Beauty have lost almost half their value in the year through Thursday. E.l.f. Beauty (ELF) shares are sinking around 26% in premarket trading, a ...