Latest news with #TarangAmin
CNN
11 hours ago
- Business
- CNN
e.l.f. Beauty raises prices by $1 due to tariffs
e.l.f. Beauty raises prices by $1 due to tariffs E.l.f. Beauty CEO Tarang Amin speaks to CNN about why the company is increasing prices by $1 across its entire portfolio on August 1. On Wednesday, the cosmetic company announced it bought Hailey Bieber's beauty brand, rhode, for $1 billion. Amid President Donald Trump's chaotic trade war with China, e.l.f. hopes the acquisition is an opportunity to diversify its supply chain. Right now, about 75% of e.l.f. products are made in China, while rhode has suppliers in Europe, the U.S. and other parts of Asia. 01:24 - Source: CNN Elephant seal in Cape Town wanders into suburbia, stops traffic and wins the hearts of locals A Southern elephant seal makes a surprise visit to the residential neighborhood of Gordon's Bay in Cape Town, South Africa, and triggers an almost nine-hour rescue effort to return him to the coast. 00:57 - Source: CNN Why e.l.f. just bought Hailey Bieber's beauty brand for $1 billion e.l.f. Beauty is buying Hailey Bieber's makeup brand, Rhode, for $1 billion. Founded in 2022, Bieber's brand racked up $212 million in net sales in its last fiscal year. 01:11 - Source: CNN Contestants risk injury in cheese wheel competition An annual race held in England has attracted thousands around the world. It's been described as the world's most dangerous race: a 200-yard dash after a wheel of Gloucester cheese. 01:15 - Source: CNN Should Sean 'Diddy' Combs testify? CNN's Laura Coates speaks with Benjamin Chew, co-lead counsel for Johnny Depp in his defamation trial, about whether Sean "Diddy" Combs should testify in his high stakes criminal trial. 01:55 - Source: CNN SpaceX Starship outperforms previous missions this year Regrouping after two consecutive explosions, SpaceX launched the 9th test flight of Starship, the most powerful rocket ever built. The mission marks the first time the company reused a Super Heavy booster from a previous flight. 01:55 - Source: CNN Two birds found onboard Delta flight A flight from Minneapolis to Madison, Wisconsin, was delayed for about an hour after two birds tried to stow away on a Delta Air Lines flight. 00:44 - Source: CNN Trump pardons reality TV couple Todd and Julie Chrisley President Donald Trump has signed full pardons for imprisoned reality show couple Todd and Julie Chrisley, who were sentenced to lengthy prison terms in 2022 for a conspiracy to defraud banks out of more than $30 million, according to a White House official. CNN's Kaitlan Collins reports. 01:07 - Source: CNN Former 'Diddy' employee describes alleged abuse Former employee for Sean 'Diddy' Combs, Capricorn Clark, took the stand to testify in the federal trial against her long-time boss, seemingly corroborating accounts from witnesses Cassie Ventura and rapper Kid Cudi. Capricorn alleges Combs made threats and carried out acts of violence against her, including forced lie-detector tests Capricorn claims to have been administered by Combs' security guard while she was held. 02:37 - Source: CNN All-American Rejects singer talks house party tour The All-American Rejects lead singer Tyson Ritter joined CNN News Central to talk about his band's house party tour that started as a protest against pricey arena shows. 01:34 - Source: CNN 'Duck Dynasty' star dies at 79 Phil Robertson, patriarch of the reality show 'Duck Dynasty,' has died at 79, according to a family statement. Robertson founded Duck Commander, a business making duck hunting supplies, which later became the center of A&E's hit show. 01:06 - Source: CNN Truck explodes after possible propane leak A home security camera caught the moment when a box truck driving through a residential neighborhood exploded in Addison, Illinois. The driver walked away with only minor injuries, CNN affiliate WLS reports. 00:36 - Source: CNN Teens help rescue family from garage fire CNN's Fredricka Whitfield speaks with Aiden Kane and Tyler Sojda, who helped rescue a family in Marcy, New York from a garage fire after spotting the flames while driving home from junior prom. 01:16 - Source: CNN Where Kermit the Frog's tea meme came from Kermit the Frog tells CNN's Sara Sidner his thoughts on being an infamous part of meme culture. 00:41 - Source: CNN Verdict reached in Paris robbery of Kim Kardashian After a weekslong trial, eight people behind the multimillion-dollar armed robbery of Kim Kardashian in Paris were found guilty. Most of them received prison sentences, portions of which were suspended, but all will walk free due to time already served. 00:43 - Source: CNN Anderson catches up with man sailing around the world Anderson Cooper speaks with Oliver Widger for an update on his viral adventures sailing across the world. Widger quit his job, liquidated his 401(k) and bought a sailboat to see the world with his rescue cat, Phoenix. 01:55 - Source: CNN See moment OceanGate team noticed something wrong Newly released video shows OceanGate founder and CEO Stockton Rush's wife, Wendy Rush, who was working on the communications and tracking team, notice the sound of a 'bang' while monitoring the submersible. The Titan submersible imploded on June 18, 2023, killing all five passengers on board. 00:49 - Source: CNN 'The Points Guy' on the best deals for summer travel Brian Kelly, founder of breaks down the best deals for summer travel and how to make the most of your frequent flyer miles. 01:00 - Source: CNN
CNN
13 hours ago
- Business
- CNN
E.l.f. Beauty will raise prices by $1. Hear the company's CEO explain why
E.l.f. Beauty CEO Tarang Amin speaks to CNN about why the company is increasing prices by $1 across its entire portfolio on August 1. On Wednesday, the cosmetic company announced it bought Hailey Bieber's beauty brand, rhode, for $1 billion. Amid President Donald Trump's chaotic trade war with China, e.l.f. hopes the acquisition is an opportunity to diversify its supply chain. Right now, about 75% of e.l.f. products are made in China, while rhode has suppliers in Europe, the U.S. and other parts of Asia.
BBC News
15 hours ago
- Business
- BBC News
World Business Report Rhode's beauty blockbuster deal
e.l.f. Beauty acquires Hailey Bieber's Rhode in a massive $1bn deal. e.l.f. CEO Tarang Amin joins David Harper to discuss the landmark acquisition and their hopes for the brand's future. Elsewhere, despite Western sanctions, BBC analysis shows that Russia continues to receive billions of dollars from oil exports. New research suggests that live-streaming piracy could be costing European sports rights holders $28bn. And in Nigeria, the government is cracking down on the spraying of money at parties, which they say is devaluing the currency.
CNBC
a day ago
- Business
- CNBC
We are Target's #1 brand, we have over 20% of the category, says elf Beauty CEO Tarang Amin
elf Beauty Chairman and CEO Tarang Amin joins 'Mad Money' host Jim Cramer to talk quarterly results, the impact of tariffs, consumer trends and more.
Yahoo
2 days ago
- Business
- Yahoo
ELF Q1 Earnings Call: Revenue Misses Expectations as Tariff Uncertainty and Rhode Acquisition Take Center Stage
Cosmetics company e.l.f. Beauty (NYSE:ELF) missed Wall Street's revenue expectations in Q1 CY2025 as sales rose 3.6% year on year to $332.6 million. Its non-GAAP EPS of $0.78 per share was 8.3% above analysts' consensus estimates. Is now the time to buy ELF? Find out in our full research report (it's free). Revenue: $332.6 million (3.6% year-on-year growth) Adjusted EPS: $0.78 vs analyst estimates of $0.72 (8.3% beat) Adjusted Operating Income: $63.71 million vs analyst estimates of $63.37 million (19.2% margin, 0.5% beat) Operating Margin: 13.3%, up from 5.3% in the same quarter last year Market Capitalization: $5.10 billion e.l.f. Beauty's latest quarter was shaped by a mix of continued market share gains, strong international expansion, and product innovation, even as U.S. sales growth moderated. CEO Tarang Amin highlighted, 'Q4 marked our 25th consecutive quarter of both net sales growth and market share gains,' with particularly strong momentum in international markets and new launches like Glow Reviver Melting Lip Balms. Management attributed the quarter's performance to successful shelf-space expansions at key retailers, ongoing growth in both digital and retail channels, and a disciplined marketing strategy. Gross margin improvements were driven by favorable foreign exchange and lower transportation costs, partially offset by a changing product and price mix. Looking forward, management's outlook is defined by tariff-related uncertainty and the anticipated integration of the Rhode brand. CFO Mandy Fields explained, 'Given the broad range of outcomes on tariffs, we are not providing a fiscal 2026 outlook at this time.' The company is implementing a $1 price increase across its global portfolio, effective August 1, as part of its mitigation efforts. Amin emphasized ongoing supply chain diversification and plans to accelerate international expansion, particularly with upcoming retail launches in Europe. The acquisition of Rhode is seen as a key lever for future growth, with management highlighting plans to leverage e.l.f. Beauty's marketing and retail expertise to scale the brand, especially through its Sephora partnership. Management cited international expansion, product innovation, and disciplined marketing as primary drivers of the quarter's results, while tariff uncertainty and the pending Rhode acquisition influenced forward-looking commentary. International growth acceleration: e.l.f. Beauty's international net sales grew 19% in the quarter, outpacing U.S. growth and benefiting from new launches in markets like Germany, the Netherlands, and Mexico. CEO Tarang Amin noted the company's international segment is 'the fastest-growing part of our business,' reflecting a multi-year expansion strategy. Shelf-space expansion impact: Recent expansions in retailer shelf space, including Target and Walmart in the U.S. and multiple new retailers internationally, contributed to higher unit volumes. Management stressed that ongoing negotiations and successful launches at retailers like Kruidvat and Rossmann are expected to deepen market penetration. Product innovation pipeline: New launches such as Glow Reviver Melting Lip Balms and Sheer For It Blush drove sales momentum, with Amin reporting strong consumer response and rapid sellouts. These launches were accelerated based on community feedback, illustrating e.l.f. Beauty's agile approach to innovation. Tariff mitigation strategy: Facing higher U.S. import tariffs on goods produced in China, e.l.f. Beauty is deploying a three-pronged mitigation plan: a $1 price increase per product, supply chain diversification to reduce China dependency, and further business diversification through international sales. Management estimates a $50 million annualized cost impact at current tariff rates. Pending Rhode acquisition: The definitive agreement to acquire Rhode, a direct-to-consumer beauty brand, is seen as a complementary addition to e.l.f. Beauty's portfolio. Amin highlighted Rhode's rapid sales growth, strong profitability, and unique community engagement model, while CFO Mandy Fields expects the acquisition to be accretive to sales and earnings once it closes. Management's outlook for the year highlights tariff uncertainty, integration of the Rhode acquisition, and continued international expansion as major factors influencing future performance. Tariff impact and pricing: The trajectory of U.S. import tariffs on Chinese goods remains a key risk. Management's $1 price increase across brands is intended to partially offset higher costs, but the timing and extent of tariff changes could materially affect gross margins and profitability. Scaling Rhode and new markets: The upcoming integration of Rhode, including its planned rollout in all Sephora stores across the U.S., Canada, and the UK, is expected to drive incremental growth. Management aims to leverage e.l.f. Beauty's marketing and retail expertise to boost Rhode's brand awareness and global reach, while maintaining Rhode's independent operations and team structure. Supply chain and international growth: Ongoing diversification of production outside China, expansion into new European markets, and shelf-space gains at major retailers are expected to support growth and resilience. Management is also monitoring the elasticity and consumer response to the announced price increases, especially as competitors may implement similar strategies. The StockStory team will be closely watching (1) the effectiveness of the $1 price increase in maintaining volume and profitability, (2) progress on international retail launches and shelf-space gains, and (3) the integration and early performance of Rhode within e.l.f. Beauty's portfolio. Additional tariff updates and consumer responses to pricing actions will be key milestones in assessing execution. e.l.f. Beauty currently trades at a forward P/E ratio of 25.2×. Is the company at an inflection point that warrants a buy or sell? Find out in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
