Weekend Briefing: E.l.f Beauty hikes earnings outlook, while Estée Lauder Companies cuts full-year forecast
Nov 5, 2023 • 2 min read
Last week, E.l.f Beauty reported sales in its fiscal second quarter at $215.5 million, up 76% from the same time last year, and raised its outlook for the 2024 fiscal year. Also on Wednesday, Estée Lauder Companies cut its full-year forecast after a 10% dip in sales, partially attributed to troubles in China. Elsewhere, Amazon shuttered its two-store experiment at becoming a brick-and-mortar fashion retailer.