This week, beauty stocks took a significant hit as companies like E.l.f. Beauty and Estee Lauder reported disappointing earnings and cut their guidance. E.l.f. Beauty experienced its worst week since August 2018, with shares dropping nearly 29%. Despite a revenue beat in its fiscal third quarter, the company missed on adjusted earnings per share and revised its full-year sales guidance down to between $1.3 billion and $1.31 billion from $1.32 billion to $1.34 billion. Estee Lauder shares fell 22%, marking its worst week since November, after announcing plans to cut between 5,800 and 7,000 jobs by fiscal 2026 due to softening travel retail demand in Asia. Ulta Beauty and Coty also saw declines, with shares down 9% and nearly 8% respectively. The sector faces additional challenges from potential tariffs, with E.l.f. Beauty manufacturing 80% of its products in China.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
