e.l.f. Beauty shares plummet as guidance lower-than-expected on tariff worries

Core Insights - ELF Beauty reported earnings that exceeded expectations, but revenue of $344 million fell short by $22 million compared to estimates, indicating a significant decline in performance [1] - Shares of ELF Beauty are currently down 16% following the earnings report, reflecting investor concerns over the revenue miss [1] - The company's guidance for both earnings and revenue is below current consensus estimates, suggesting potential challenges ahead [1] - ELF Beauty noted a decrease in gross margins by 165 basis points, attributed to increased tariffs impacting costs [1]