Estee Lauder announced plans to cut 7,000 jobs by 2026, while E.l.f. Beauty shares plunged after missing earnings estimates and lowering its full-year sales forecast. Ulta Beauty and Coty also faced declines as the cosmetics sector grapples with potential tariff fallout and softer demand.
Shares of Ulta Beauty and Coty also were under pressure this week as the broader sector grappled with the potential fallout from tariffs.
E.l.f. closed out its worst week since August 2018, with shares cratering nearly 29% over the five-day period. The cosmetics brand on Thursdaya revenue beat for its fiscal third quarter, but missed on adjusted earnings per share and cut its full-year guidance to between $1.3 billion and $1.31 billion in sales, down from a prior range of between $1.32 billion and $1.34 billion.
On E.l.f. Beauty's earnings call Thursday, Amin said the company saw"a little bit of softness" at Ulta, one of the brand's retailers, in January.L'Oreal looks to U.S. 'land of opportunity' as China disappoints
COSMETICS TARIFFS ESTEE LAUDER ELF BEAUTY RETAIL
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cosmetics Stocks Slump Amid Tariff Fears and Sector SlowdownEstee Lauder plans to cut thousands of jobs, while other beauty companies like Ulta Beauty and Coty also face pressure. E.l.f. Beauty's shares plunged after a disappointing earnings report and lowered guidance. The broader cosmetics sector is grappling with potential fallout from tariffs and a general decline in demand.
Read more »
Cosmetics Stocks Tumble as E.l.f. Beauty Cuts Guidance and Estee Lauder Announces Job CutsE.l.f. Beauty's shares plunged following a revenue beat but missed earnings per share and lowered full-year sales guidance. Estee Lauder announced plans to cut up to 7,000 jobs by 2026. Ulta Beauty and Coty also saw declines as the industry grapples with tariff concerns and softening demand.
Read more »
Martha Stewart: The Ultimate Beauty Influencer in 'Nude' MAC Cosmetics' AdMartha Stewart takes on the role of beauty influencer in MAC Cosmetics' latest campaign, 'I Only Wear MAC'. The ad highlights Stewart's signature charm and her commitment to a healthy lifestyle while showcasing her preference for MAC products.
Read more »
e.l.f. Beauty Surpasses Sales Forecasts, But Lowers Full-Year Outlook Due to January Slumpe.l.f. Beauty reported surpassing Wall Street's sales expectations for the third quarter, driven by growth in both retail and e-commerce channels. However, the company lowered its full-year forecast due to weaker-than-anticipated January sales, causing its share price to drop over 20% in after-hours trading. CEO Tarang Amin attributed the softer start to 2025 to several factors, including category softness, lapping last year's successful lip oil launch, and a slower start for some new products. Despite the downward revision, Amin expressed optimism about the company's long-term prospects, citing growth opportunities in digital, color cosmetics, skincare, and international markets.
Read more »
US stocks slump after strong payrolls; Delta, Walgreens soarsUS stocks slump after strong payrolls; Delta, Walgreens soars
Read more »
Stocks Face Worst Post-Election Slump Since Obama's InaugurationThe S&P 500 is struggling to maintain its gains following the 2016 election, with performance falling to its lowest point since Barack Obama's inauguration in 2009. The initial rally fueled by hopes of tax cuts and deregulation has been tempered by concerns over inflation and interest rates.
Read more »