Team Ultra Beauty $ULTA (-0,37 %) E.l.f beauty $ELF (+4,9 %) or this beauty?
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Elf 🚀
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33Team Ultra Beauty $ULTA (-0,37 %) E.l.f beauty $ELF (+4,9 %) or this beauty?
Ulta 👍🏼
Elf 🚀
This ♥️
Elf Beauty rejects the allegations of fraud against Muddy Waters. $ELF (+4,9 %)
The Oakland-based company rejected the claims as "unfounded".
The cosmetics company also clarified that much of its import data has been confidential since February 2024.
Despite the controversy, Elf Beauty remains a prominent brand in a demanding beauty market.
Elf responds confidently
In its statement on Thursday, Elf Beauty firmly rejected the allegations and emphasized its commitment to transparency and shareholder value.
"The recent report by Muddy Waters is an attempt by a known short seller to negatively impact Elf Beauty's share price for his benefit and at the expense of all other shareholders," the company said.
The cosmetics company also clarified that due to a request filed with US Customs and Border Protection, much of its import data has been confidential since February 2024.
"The publicly available import data does not cover a large portion of our actual US imports," the statement continued, indirectly addressing allegations of false inventory claims.
ELF: strong financial performance
Elf Beauty is characterized by its financial stability in a beauty sector that is struggling with declining demand.
Should you buy ELF shares?
Despite the market turmoil, Elf Beauty's fundamentals remain strong and are supported by robust sales growth and a growing market share.
Elf Beauty has become a leading player in the mass cosmetics market and has experienced significant growth in recent years.
What a day $BTC (-0,01 %) has reached a new all-time high. $MSTR (-12,57 %) flies right behind it . $ELF (+4,9 %) drops a whole 10% to rise 10% again the best comes at the end $NVDA (+1,51 %) meets all expectations again but of course has to lose 5% of its value again. With this in mind, good night
MUDDY WATERS GOES SHORT ON $ELF (+4,9 %) BEAUTY, QUESTIONS REVENUE
Muddy Waters has announced a short position in e.l.f. Beauty, alleging the company overstated revenue by $135M-$190M over the last three quarters. The firm claims inventory growth signals insufficient sales rather than a sourcing change, as e.l.f. management stated.
The report alleges possible deception of auditors, with Muddy Waters questioning reported revenue, profits, and inventory levels. It argues the company’s growth narrative faltered in Q2 FY24, leading to inflated financial reporting.
This raises significant red flags about e.l.f.’s accounting practices.
Does anyone know what $ELF (+4,9 %) is going on? I can't find any news
Which company is your favorite in the beauty industry?
I personally think a lot of $ELF (+4,9 %)
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e.l.f. cosmetic - New York
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$ELF (+4,9 %) and $SOFI (+3,84 %) . Thanks to you, I've had the best day so far since I started investing ❤️
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