e.l.f Beauty, Inc. USDC – Northern District of California MArch 12, 2025 CLASS PERIOD: NOvember 1, 2023 – November 19, 2024LEAD PLAINTIFF DEADLINE: may 5, 2025 Please complete the form below to contact Kaplan Fox regarding the e.l.f Beauty Investigation: Join a Case First Name * Last Name * Email Address * Phone Number * Ticker Symbol Or Company Name * Please Insert Your Estimation Of Losses In USD * Are you a current or former employee of the company mentioned having traded above? * Yes No Captcha Submit If you are human, leave this field blank. Principle Contacts Jeffrey P. Campisi JCampisi@kaplanfox.comLaurence D. KingLKing@kaplanfox.com Kaplan Fox & Kilsheimer LLP Alerts Investors to a Securities Class Action Against e.l.f. Beauty, Inc. (ELF) – Deadline is May 5, 2025 Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against e.l.f. Beauty, Inc. (“ELF” or the “Company”) (NYSE: ELF) on behalf of investors that purchased or otherwise acquired ELF securities between November 1, 2023 and November 19, 2024 (the “Class Period”). CLICK HERE TO JOIN THE CASE If you are an investor in ELF and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing jcampisi@kaplanfox.com or by calling (212) 329-8571. DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than May 5, 2025 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery. According to the complaint, on November 20, 2024 Muddy Waters Research published a report (“the Report”) alleging ELF had “materially overstated revenue over the past three quarters” by approximately $135 million to $190 million. Further, the Report alleges that “in Q2 FY24, ELF management realized its growth narrative was in trouble as its inventory built” and “ELF then began reporting inflated revenue and profits.” Additionally, the Report states that the Company’s “reported inventory also appears materially inflated as a result – i.e., to account for cash that has not really come in.” On this news, the price of ELF stock fell $2.71 per share, or 2.23%, to close at $119 per share. Further, according to the complaint, on November 21, 2024, ELF issued a statement categorically denying the allegations in the Report, which ELF accused of relying on incomplete data and flawed assumptions, omitting critical context, and presenting speculation as fact. Then, on February 6, 2025, the Company reported third quarter results and full year 2025 outlook that was lowered due to “softer than expected trends in January.” ELF reported softer consumption trends that were driven by “consumers stocking up in a highly promotional December and lower social conversation around beauty” and slower than anticipated new product launches. On this news, the price of ELF stock fell $17.36 per share, nearly 20%, to close at $71.13 on February 7, 2025. WHY CONTACT KAPLAN FOX Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. If you have any questions about this Notice, your rights, or your interests, please contact: CONTACT: Jeffrey P. CampisiKAPLAN FOX & KILSHEIMER LLP800 Third Avenue, 38th FloorNew York, New York 10022(212) 329-8571 jcampisi@kaplanfox.com Laurence D. King*KAPLAN FOX & KILSHEIMER LLP1999 Harrison Street, Suite 1560Oakland, California 94612(415) 772-4704lking@kaplanfox.com The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client. Any information you submit will be maintained as confidential. If Kaplan Fox, in its sole discretion, believes that you might be an appropriate client, Kaplan Fox will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases. Connect with Kaplan Fox. Receive a complimentary case review now. Contact Us e.l.f Beauty, Inc. See the Case TransMedics Group, Inc. See the Case Skyworks Solutions, Inc. See the Case Maravai LifeSciences Holdings, Inc. See the Case Ibotta, Inc. See the Case The Bancorp, Inc. See the Case Fluence Energy, Inc. See the Case Applied Therapeutics, Inc. See the Case Monolithic Power Systems, Inc. See the Case TELUS International Inc. See the Case Polestar Automotive Holding UK PLC See the Case Walgreens Boots Alliance, Inc. See the Case
