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

Financial Performance - ELF earnings beat expectations, but revenue of $344 million was $22 million short of estimates [1] - Shares are currently down 16% [1] - Guidance for earnings and revenue are both well short of the current consensus [1] Cost Analysis - Gross margins decreased by 165 basis points, driven by higher tariffs [1]