Elf Beauty forecasts weak year amid Iran war concerns
Elf Beauty forecast annual profit below estimates and warned of a hit from the Iran war. Shares rose as the company beat fourth quarter market expectations.
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ELF BEAUTY INC expects fiscal 2027 sales between $1.84B and $1.87B, with the midpoint falling below the $1.87B average analyst estimate. The forecast includes a potential $15M to $20M hit from rising oil prices linked to conflict in Iran. Shares rose 6% in late evening trading despite the weak guidance.
