e.l.f.(ELF) Newsfilter·2025-04-23 18:50Core Insights - Moore Law, PLLC is investigating potential claims against e.l.f. Beauty, Inc. following a report from Muddy Waters Research that alleges the company materially overstated its revenue over the past three quarters [1][2] Group 1: Allegations Against e.l.f. Beauty - Muddy Waters Research reported that e.l.f. Beauty's management recognized issues with its growth narrative in Q2 FY24 due to rising inventory levels, leading to inflated revenue and profits [2] - The report claims that e.l.f. Beauty made false and misleading statements regarding its inventory levels, attributing them to changes in sourcing practices rather than declining sales [3] - e.l.f. Beauty allegedly reported inflated revenue, profits, and inventory over several quarters to maintain investor confidence, resulting in overstated business and financial prospects [3] Group 2: Stock Performance - Year-to-date, e.l.f. Beauty's stock price has decreased by approximately 52% [4]