E.l.f. Beauty CEO Tarang Amin addressed softer than expected sales trends in January, citing a 'consumer hangover' after a promotional holiday season and a decline in social commentary. He also discussed the impact of tariffs and the company's strategies to maintain value.
E.l.f. Beauty CEO Tarang Amin told CNBC's Jim Cramer why the company saw lighter business in January, citing declines across the industry and saying some new products have been off to a slower start.
"I remain bullish on the business," he said."But our approach is always, we have a high degree of transparency. If we see something, we pass it through."its full-year guidance after"softer than expected" sales trends in January – a shift in tone for the company that has otherwise escaped the business woes felt by many of its peers. The stock tanked more than 24% in extended trading.
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