E.L.F. BEAUTY SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against e.l.f. Beauty, Inc. - ELF

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NEW ORLEANS, March 12, 2025 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until May 5, 2025 to file lead plaintiff applications in a securities class action lawsuit against e.l.f.Beauty, Inc.("ELF” or the "Company”) (NYSE: ELF), if they purchased the Company’s securities between November 1, 2023 and November 19, 2024, inclusive (the "Class Period”).

On November 20, 2024, Muddy Waters Research reported that the Company had materially overstated revenue over the past three quarters; that in Q2 FY24, it realized its growth narrative was in trouble as its inventory built; that it then began reporting inflated revenue and profits resulting in its reported inventory also appearing materially inflated; and that the Company concealed its inventory challenges from investors by falsely attributing its rising inventory levels to supposed changes in its sourcing practices rather than the true cause insufficient sales.

On February 6, 2025, the Company released its fiscal Q3 2025 results and provided fiscal 2025 outlook that confirmed the weaknesses identified in the report previously issued by Muddy Waters, including softer consumption trends and slower new product launches.

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Author / Journalist: SkyMedia, LLC

Category: Technology

Markets: ChinaUnited States

Topics: 2025 Action Investors Share November Beauty Class Inventory Information Securities Claimsfiler

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Published On: 2025-03-13 @ 03:01:00 (13 hours ago)

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