E.L.F. BEAUTY SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against e.l.f. Beauty, Inc. - ELF

1. Investors can file lawsuit applications against ELF until May 5, 2025. 2. ELF charged with failing to disclose material information during Class Period. 3. Muddy Waters reported ELF overstated revenue and profits; stock price plummeted. 4. February Q3 results confirmed prior weaknesses; shares fell further. 5. The case Rottman v. ELF is ongoing in California federal court.

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FAQ

Why Very Bearish?

The ongoing class action lawsuit and negative reports significantly undermine investor confidence.

How important is it?

The lawsuit addresses severe allegations about ELF's financial transparency, potentially impacting share value.

Why Short Term?

Immediate investor reactions to ongoing legal challenges will heighten volatility in the near term.

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NEW ORLEANS, March 21, 2025

/PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until May 5, 2025 to file lead plaintiff applications in a securities class action lawsuit against e.l.f. Beauty, Inc. ("ELF" or the "Company") (NYSE: ELF), if they purchased the Company's securities between November 1, 2023 and November 19, 2024, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of California.

Get Help

ELF investors should visit us at https://claimsfiler.com/cases/nyse-elf/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

ELF and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On November 20, 2024, Muddy Waters Research reported that the Company had materially overstated revenue over the past three quarters; that in Q2 FY24, it realized its growth narrative was in trouble as its inventory built; that it then began reporting inflated revenue and profits resulting in its reported inventory also appearing materially inflated; and that the Company concealed its inventory challenges from investors by falsely attributing its rising inventory levels to supposed changes in its sourcing practices rather than the true cause insufficient sales.

On this news, the price of ELF's shares fell $2.71 per share, or 2.23%, to close at $119.00 per share on November 20, 2024.

On February 6, 2025, the Company released its fiscal Q3 2025 results and provided fiscal 2025 outlook that confirmed the weaknesses identified in the report previously issued by Muddy Waters, including softer consumption trends and slower new product launches. On this news, Elf's stock price fell $17.36 per share, or 19.62%, to close at $71.13 per share on February 7, 2025.

The case is Rottman v. e.l.f. Beauty, Inc., et al., No. 25-cv-2316.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

SOURCE ClaimsFiler