Tariffs cost e.l.f. Beauty $58.5M in FY26, driving analyst target cuts
ELF is trading near its 52-week low of $49.72 (6.9% above the low) on elevated volume (3.6× avg).
Summary
e.l.f. Beauty reported $58.5 million in IEEPA tariff costs for fiscal year 2026, along with increased marketing, merchandising, distribution, and retail fixture expenses that pressured gross margins. This news provides critical detail explaining the sharp decline in net income to $26.3 million for FY2026, which was reported in the 10-K filed on May 20th. The $58.5 million in tariff costs alone significantly exceeds the company's reported net income, highlighting a massive impact on profitability. Analysts have responded to this information by cutting price targets.
At the time of this announcement, ELF was trading at $53.16 on NYSE in the Trade & Services sector, with a market capitalization of approximately $3.1B. The 52-week trading range was $49.72 to $150.99. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.