E.l.f. Beauty stock sinks after cosmetics maker trims outlook. Its CEO says shoppers are focused on bigger matters. - MarketWatch
1. E.l.f. Beauty lowered its full-year sales outlook by $0.015 billion. 2. January trends were softer due to broader industry slowdowns. 3. Shares dropped 24.5% after the forecast was released. 4. Strong YTD sales growth and new product launches are positives. 5. Competition in the beauty sector intensifies, affecting performance.