Latest news with #e.l.f.Beauty
Yahoo
11 hours ago
- Business
- Yahoo
Truist Increased the Price Target for e.l.f. Beauty, Inc. (ELF)
Truist Securities reiterated its Buy rating on e.l.f. Beauty, Inc. (NYSE:ELF) shares, raising its price objective from $75 to $125. A close up of the lip and eye products from the company on a model in a fashion and beauty shoot. The revision comes after the company's improved financial outlook and solid Q4 earnings performance. After revising its FY26 projections, Truist now forecasts $1.575 billion in sales and $332 million in EBITDA, up from the earlier projections of $1.466 billion and $327 million. Furthermore, the firm's confidence in e.l.f. Beauty, Inc. (NYSE:ELF)'s sustained development trajectory was reflected in the raised FY27 expectations. After Q4 earnings above market projections, the latest estimates indicate an upward revision in long-term expectations. Recently, e.l.f. Beauty, Inc. (NYSE:ELF) strengthened its portfolio by paying $1 billion to purchase Rhode, a celebrity beauty brand. The company has generated strong sentiment due to its industry-leading gross margins of 71.24%, $6.30 billion market capitalization, and 28.28% revenue growth over the last 12 months. Targets have also been raised by other firms, such as TD Cowen, Jefferies, Morgan Stanley, and Piper Sandler, with values ranging from $105 to $130. Analysts view e.l.f. Beauty, Inc. (NYSE:ELF)'s tactical moves and fundamentals as drivers for further rise, notwithstanding the macro uncertainty of the near future. While we acknowledge the potential of ELF to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ELF and that has 100x upside potential, check out our report about this READ NEXT: and . Disclosure. None.
Yahoo
a day ago
- Business
- Yahoo
e.l.f. Beauty signs $1bn deal to acquire Hailey Bieber's Rhode
e.l.f. Beauty has agreed to acquire Hailey Bieber's lifestyle beauty brand Rhode for $1bn, further diversifying its brand portfolio. The deal is set to propel e.l.f. Beauty into a transformative phase of global expansion, leveraging both companies' commitment to innovation and disruption in the beauty sector. e.l.f. Beauty will pay $800m at closing, consisting of $600m in cash and $200m in newly issued e.l.f. Beauty common stock, equivalent to around 2.6m shares. The deal also includes an additional $200m earnout based on Rhode's performance up to 2028. The closing purchase price is 3.8 times Rhode's last 12 months (LTM) net sales of $212m as of 31 March 2025. e.l.f. chairman and CEO Tarang Amin said: 'e.l.f. Beauty found a like-minded disruptor in Rhode. 'Rhode further diversifies our portfolio with a fast-growing brand that makes the best of prestige accessible. We are excited by Rhode's ability to break beauty barriers, fully aligning with e.l.f. Beauty's vision to create a different kind of company. Rhode is a beautiful brand that we believe is ready for rocketship growth.' Subject to standard closing conditions and regulatory approvals, the transaction is expected to close in the second quarter of fiscal 2026. Rhode doubled its consumer base and generated $212m in net sales in the 12 months leading up to 31 March 2025. Its products, which have been exclusively available on are set to debut in physical stores through a partnership with Sephora in North America and the UK in the second half of 2025. Bieber will maintain her role as founder and take on additional responsibilities as chief creative officer and head of innovation, as well as act as a strategic advisor to the combined entity. Rhode co-founder and co-executive chairman Michael Ratner and its co-founder, president and chief brand officer Lauren Ratner, along with CEO Nick Vlahos, will continue to lead the brand from its Los Angeles office. Bieber stated: 'We can't wait to bring Rhode to more faces, places and spaces. From day one, my vision for Rhode has been to make essential skin care and hybrid makeup you can use every day. 'Just three years into this journey, our partnership with e.l.f. Beauty marks an incredible opportunity to elevate and accelerate our ability to reach more of our community with even more innovative products and widen our distribution globally. 'As I continue as founder and step into an expanded role of chief creative officer and head of innovation, I look forward to leading the brand into this exciting new chapter of possibilities alongside my co-founders Michael Ratner and Lauren Ratner, who have helped bring my vision to life from the start.' In 2025, e.l.f. Beauty became the first cosmetics brand to experiment with real-world transactions on the Roblox platform, leveraging Walmart's innovative technology. "e.l.f. Beauty signs $1bn deal to acquire Hailey Bieber's Rhode" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Time of India
a day ago
- Entertainment
- Time of India
Justin and Hailey Bieber's empire grows: Couple's combined fortune soars after her billion-dollar Rhode deal
Justin and Hailey Bieber are making progress in their careers and in their personal lives. The couple has quietly built up a huge amount of money through chart-topping hits, high-fashion runways, and a successful beauty brand. With Hailey's billion-dollar deal with Rhode and Justin's previous catalog sale, their wealth is now bigger than ever. How much is the couple's combined fortune? The Biebers are leaving a legacy that includes both personal problems and business successes. They are reportedly on the path to becoming billionaires. Together, the Canadian singer and the model-turned-entrepreneur have created an empire since their September 2018 wedding. While continuing to achieve new heights in their respective careers, the couple, who met in November 2009 at a Today show event, welcomed their first child, son Jack Blues, in August 2024. ALSO READ: Jeff Bezos and Lauren Sanchez's ultra-luxury Italian wedding plans in peril as reports of trouble begin to swirl Live Events Before getting married, the couple had both established successful careers for themselves; Hailey, the daughter of Stephen and Kennya Baldwin, was a successful model, and Justin became well-known as a teenage pop star. However, Hailey made headlines on May 28 when she revealed that e.l.f. Beauty had purchased her beauty brand, Rhode, for $1 billion. Justin has been in the spotlight for a long time. What is the net worth of Hailey and Justin Bieber? Although the net worths of Justin and Hailey have not been made public, Forbes revealed in September 2017 that Justin's main source of income was music, and that he was making $83.5 million at the time. But since then, he has changed his business and released two more studio albums, Justice and Changes, as per a report by People. As a model and now businesswoman, Hailey has amassed a successful career. Both of them have appeared on Forbes' 30 Under 30 list; according to their Forbes profiles, Justin was named in 2017 and Hailey was honored in 2023 for his style and artistic abilities. What makes up Justin and Hailey's wealth? Hailey Bieber has an incredible amount of wealth. She introduced her skincare line, Rhode, in 2022, and e.l.f. Beauty purchased it for $1 billion. She will take over as e.l.f. Beauty's strategic advisor and chief creative officer and head of innovation at Rhode. Rhode achieved $212 million in net sales in the 12 months ending in March 2025 and was the top skincare brand in terms of Earned Media Value in 2024. Hailey Bieber has tried her hand in modeling, appearing in high-end fashion labels like Dolce & Gabbana, Off-White, Tory Burch, Zadig and Voltaire, and Elie Saab. Hailey has also continued to appear on magazine covers and in advertising campaigns. She has starred in campaigns for Guess, Calvin Klein, Victoria's Secret, YSL Beauty, Tommy Hilfiger, and L'Oréal. How much money has Justin Bieber made so far? With over 60 million album equivalent sales, Justin Bieber is successful. His six studio albums include My World 2.0, Under the Mistletoe, Believe, Purpose, Changes, and Justice, which debuted with 154,000 US sales. His Ramsay Hunt syndrome diagnosis forced him to cancel the second half of his Justice World Tour in June 2022, causing millions in debt. Justin told in April 2025 that the allegations were clickbait stupidity, as per a report by People. He sold his 6 studio albums and 291 songs to Hipgnosis Songs Capital for $200 million in December 2022. TMZ executive producer Harvey Levin said the Grammy winner made $500 million to $1 billion in his career but had to sell his catalog because "he was broke," implying his Justice tour cancellation debts. Bieber and former stylist Ryan Good founded Drew House in 2019. In April 2025, he announced he was leaving the business and teased SKYLRK, a possible clothing and accessory line. FAQs How much did Hailey Bieber's Rhode brand sell for? Hailey's skincare line, Rhode, was purchased by e.l.f. Beauty for a staggering $1 billion. What is Justin Bieber's biggest business move to date? Justin sold his entire music catalog in 2022 for an estimated $200 million.
Forbes
a day ago
- Business
- Forbes
Hailey Bieber's $1 Billion Deal. Plus: How To Cut Small Talk From Work Meetings
This is this week's ForbesWomen newsletter, which every Thursday brings news about the world's top female entrepreneurs, leaders and investors straight to your inbox. Click here to get on the newsletter list! We begin this week with big news out of the beauty world: Yesterday afternoon, the publicly traded e.l.f. Beauty announced that it is acquiring Hailey Bieber's skincare and makeup company Rhode for as much as $1 billion. The deal marks one of the largest celebrity beauty acquisitions in recent years. Bieber launched Rhode in 2022 to near instant virality (as she told me that fall, there was a waitlist of 700,000 people for the company's three products). According to the e.l.f announcement Wednesday, Rhode's net sales in the year ending March 2025 hit $212 million. Bieber, whose spokesperson declined to comment on the size of her stake in the business, will remain involved in operations as chief creative officer and head of innovation. 'You don't know what to expect when it's out in the world and in people's hands,' Bieber told me in 2022. 'Did I have hopes? For sure, but this has far exceeded my hopes and expectations. I don't know how else to say it except that it just feels so crazy.' Cheers! Maggie Kiran Mazumdar-Shaw, Indian billionaire entrepreneur and founder of Biocon Limited (biotechnology ... More company) is seen during the World Audio Visual & Entertainment Summit (WAVES) event in Mumbai. (Photo by Ashish Vaishnav/SOPA Images/LightRocket via Getty Images) Thwarted in her ambition to become a brewmaster, Kiran Mazumdar-Shaw channeled her frustrations into building an international knockoff drug powerhouse and has become one of the world's most successful—and richest—female entrepreneurs. 'I call myself an accidental entrepreneur,' she says. This week marked the release of the 24th annual Midas List, Forbes' ranking of the world's top venture capitalists. Unfortunately, there are just 10 women on this list of 100 people, a statistic that reflects the overall poor representation of women among the world's most powerful check writers. Getting an MBA tends to boost earnings significantly for both women and men, but it's not helping to close the gender pay gap, new research shows. A survey of more than 1,000 graduates from elite MBA programs across the U.S., Europe and Canada, found that in the first post-MBA job, women's salaries, on average, rose 52% to $131,449 from their last pre-MBA role. Men's, meanwhile, surged 73% to $140,007. In proof that a moment of forgetfulness doesn't have to derail a whole day—or in this case, match—Coco Gauff forgot her tennis rackets when she walked onto the court for her first-round match at the French Open on Tuesday. Still, the No. 2 seed got them in time to dispatch Olivia Gadecki of Australia, 6-2, 6-2, to improve to 6-0 in first-round matches in Paris. Elon Musk might be ending his time as a 'special government employee,' but the effects of his DOGE cuts will far outlast his current tenure, especially when it comes to biomedical research and funding cuts at the NIH. Michelle Heritage, Executive Director of the American Brain Foundation, recently spoke to Forbes about how Musk's cuts will 'put the brakes' on cutting edge treatment innovations for brain disease—and this could disproportionately affect women, who suffer from higher rates of Alzheimer's and neurodegenerative disease. 'There isn't an ability for the private sector or private donors to fill those gaps,' Heritage said. 1. Implement some fact-checking at your organization. Fact-checking isn't just for journalism! If you publish knowledge-based content in service of your company's strategy, influence or authority, it's important to think about information integrity. 2. If you're exhausted, look at your inner monologue. The stories we tell ourselves matter. They either fuel us or drain us. Are you filling your own head with doubt, insecurity, and cynicism? Things like, 'What's the point?' or 'This is never going to work'? This type of fixed mindset thinking becomes a self-fulfilling prophecy. 3. Skip the small talk. If you want to show your team empathy without wasting time, set the tone in meetings by omitting a recitation of weekend activities and instead say something like, 'Let's jump in. I know we're tight on time.' Here's how else you can strike the right balance between efficiency and empathy. A world leader said he and his wife were 'squabbling and joking around' after a video showed her apparently shoving him in the face before departing an airplane. Which couple was it? Check your answer.
Yahoo
a day ago
- Business
- Yahoo
Why e.l.f. Beauty's CFO sees $1B Rhode acquisition as a strategic innovation move
Good morning. During uncertain times, research shows it's more effective for companies to pursue emerging growth opportunities than to simply protect the status quo. For e.l.f. Beauty, that includes making bold moves to drive growth through M&A. The multinational beauty company announced this week that it will acquire model and entrepreneur Hailey Bieber's Rhode lifestyle brand for about $1 billion, paying $800 million in cash and stock at closing, plus an additional potential earnout of $200 million based on Rhode's growth over the next three years. In my conversation with e.l.f. Beauty CFO Mandy Fields, she traced the company's focus on innovation during uncertain times back to the pandemic. While many companies pulled back on marketing spend and paused innovation, 'we leaned into all of those things,' said Fields who joined the company as CFO in 2019. That commitment continues to this day, she said. 'Our strategic imperative is to build a different kind of company with brands that disrupt norms, shape culture, and connect communities,' she explained. 'And when we found Rhode, it checked the boxes across all of those aspects. Despite what's going on around us, we believe this is the right strategic move for e.l.f.' Bieber, who is married to pop star Justin Bieber and the daughter of actor Stephen Baldwin, launched Rhode in 2022. In the last 12 months, Rhode generated $212 million in net sales. The brand has a huge social media presence, including Bieber's personal Instagram account, which has 54 million followers. Fields also noted that e.l.f. Beauty has a disciplined approach to M&A. The company acquired the skin-care brand Naturium in 2023 for $355 million, doubling e.l.f. Beauty's presence in skin care, she said. On Wednesday E.l.f. Beauty reported revenue of $332.6 million for the quarter that ended March 31, a 4% increase that beat analysts' expectations of 1.6% year-over-year growth. 'We saw growth across the board—geographically in both the U.S. and international markets, and in both retail and digital channels,' Fields said. It was the 25th consecutive quarter of net sales growth and market share gains, she said. For the full year, e.l.f. Beauty delivered 28% sales growth and a 26% increase in adjusted EBITDA. The company did not provide a fiscal 2026 financial outlook due to a wide range of possible outcomes from a tariff perspective. 'We just want to see more certainty there,' Fields said. The company estimates the impact on production costs due to the current tariff rate would be approximately $50 million annually. The tariff mitigation plan focuses on pricing, supply chain optimization, and business diversification, Fields explained. E.l.f. Beauty announced last week plans to increase the cost of its products globally by $1 due to tariffs, effective August 1. As a high-quality, value brand, even with that price increase, 75% of its products will still be below $10, Fields said. This is the company's third price increase in its 21 years in business. E.l.f. Beauty is a favorite brand among Gen Z and is gaining popularity with millennials and Gen X. 'I'm so proud to be a part of a company where we are transparent with our community on what to expect,' Fields said. Regarding the price increase, the 'overwhelming response has been quite positive from our community,' e.l.f. Beauty CEO Tarang Amin told Fortune in an interview. 'This is exactly what we're facing, and they understand,' Amin said. About 75% of e.l.f. Beauty's global production comes from China, down from 100% in 2019, Fields said. The company is working with existing partners to establish new locations outside China and seeking new suppliers in other regions, she explained. Additionally, 19% of the company's sales now come from outside the U.S., providing further insulation from tariff risks, she staying transparent and focused on innovation, e.l.f. Beauty shows it can build trust and seize new opportunities—even in uncertain a good weekend. See you on Monday. Sheryl This story was originally featured on
