e.l.f. Beauty shares are trading lower. The stock may be under pressure following softer-than-expected US consumer sentiment.
Portfolio Pulse from Benzinga Newsdesk
e.l.f. Beauty shares are trading lower due to softer-than-expected US consumer sentiment.

June 14, 2024 | 7:51 pm
News sentiment analysis
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NEGATIVE IMPACT
e.l.f. Beauty shares are experiencing a decline, likely influenced by weaker US consumer sentiment.
The decline in e.l.f. Beauty shares is directly linked to the softer-than-expected US consumer sentiment, which can negatively impact consumer spending and, consequently, the company's revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100