Ready to Double Your Money? Buy This Unstoppable Growth Stock
e.l.f.(ELF) The Motley Fool·2024-06-06 09:15
Many beauty companies are reporting pressure and declines. e.l.f. continues to skyrocket. In the 2024 fiscal fourth quarter (ended March 31), sales soared 71% over last year, with strong growth in both the wholesale business and e-commerce channels. Even more, sales growth has been accelerating over the past two years, while almost every similar company is slowing or reporting decreasing sales. e.l.f. has an edge with its lower prices, which attract more spend when shoppers have lower budgets but need their ...