Elf Beauty slumps as tariff costs, muted consumer spending hit annual forecasts

By Prerna Bedi and Anuja Bharat Mistry (Reuters) -Elf Beauty forecast annual sales and profit below Wall Street estimates on Wednesday, as the cosmetics-maker grapples with higher tariff costs and cautious consumer spending, sending its shares tumbling 26% in extended trading. The company, which provided its fiscal 2026 forecast after pulling it in May, also missed expectations for second quarter sales. Elf Beauty expects more than $50 million in annual costs from higher U.S. tariffs on imports in fisca ...