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elf Beauty Stock Pops on Rhode Deal, Earnings Beat
ELFe.l.f.(ELF) Schaeffers Investment Research·2025-05-29 14:36

elf Beauty Inc (NYSE:ELF) is surging 31.1% to 118.63,afterannouncinga118.63, after announcing a 1 billion acquisition of Rhode, the skincare brand founded by Hailey Bieber. The deal will help elf Beauty expand its skincare footprint and appeal to higher-income consumers. CEO Tarang Amin praised Rhode’s rapid growth -- 212millioninnetsalesfromjust10products−−as“unprecedented.”Thenewscamealongsideastrongfiscalfourth−quarterearningsreport,withelfBeautypostingadjustedearningsof78centspershareon212 million in net sales from just 10 products -- as “unprecedented.”The news came alongside a strong fiscal fourth-quarter earnings report, with elf Beauty posting adjusted earnings of 78 cents per share on 333 ...