Elf Beauty lifts annual forecasts on resilient cosmetics demand; shares up
- E.l.f. Beauty raised its full-year revenue guidance from a previous range of $1.28 billion to $1.3 billion after posting a 40% growth in sales.
- Shares of E.l.f. Beauty rose more than 10% in after-hours trading, according to Benzinga Pro.
- Target and Walgreens plan to expand shelf space for E.l.f. Beauty products starting in the spring, following the company's 23rd consecutive quarter of growth.
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