Elf Beauty lifts annual forecasts on resilient cosmetics demand; shares up
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Elf Beauty has raised its annual sales and profit forecasts due to strong demand for its affordable cosmetics, leading to an 18% increase in its share price during extended trading.
November 06, 2024 | 9:30 pm
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Elf Beauty raised its annual sales and profit forecasts, driven by strong demand for its affordable cosmetics, resulting in an 18% increase in its share price during extended trading.
Elf Beauty's decision to raise its annual forecasts indicates strong business performance and market confidence, which has positively impacted its stock price, as evidenced by the 18% increase in extended trading.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100