e.l.f. Beauty Shares Drop 10.2% After Earnings Report

The cosmetics company's stock falls despite strong quarterly results

Published on Mar. 9, 2026

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Shares of e.l.f. Beauty (NYSE:ELF) fell 10.2% on Monday after the company reported its latest quarterly earnings. The cosmetics brand saw its stock trade as low as $73.56 before closing at $74.00, down from the previous close of $82.44. Trading volume was down 61% from the average daily volume.

Why it matters

e.l.f. Beauty is a popular cosmetics company known for its affordable, trend-driven makeup and skincare products. The stock's sharp decline despite strong quarterly results suggests investors may have been expecting even better performance or guidance from the company.

The details

In its latest earnings report, e.l.f. Beauty reported revenue of $489.51 million, up 37.8% year-over-year, and earnings per share of $1.24, exceeding analyst estimates. However, the stock fell as the company's guidance for fiscal year 2026 EPS of $3.05-$3.10 may have disappointed some investors.

  • e.l.f. Beauty reported its Q4 2025 earnings on Wednesday, February 4, 2026.
  • The company's stock fell 10.2% in trading on Monday, March 9, 2026.

The players

e.l.f. Beauty

An American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

The sharp drop in e.l.f. Beauty's stock price despite strong quarterly results highlights the high expectations investors have for the company. As the cosmetics industry remains highly competitive, e.l.f. will need to continue delivering impressive growth and financial performance to maintain investor confidence.