ELF INVESTOR ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $00,000 In ELF To Contact Him Directly To Discuss Their Options

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against e.l.f. Beauty, Inc. due to allegations of misleading statements and inflated financial metrics, with a class action lawsuit deadline set for May 5, 2025 [2][4]. Group 1: Allegations Against e.l.f. Beauty - The complaint alleges that e.l.f. Beauty and its executives violated federal securities laws by making false and misleading statements regarding inventory levels and sales performance [4]. - It is claimed that e.l.f. Beauty falsely attributed rising inventory levels to changes in sourcing practices rather than declining sales [4]. - The company reportedly inflated revenue and profits over several quarters to maintain investor confidence, which has led to overstated business and financial prospects [4]. Group 2: Financial Performance and Outlook - Following the class period, e.l.f. Beauty revised its fiscal 2025 net sales growth forecast to 27%-28%, down from the previous guidance of 28%-30% [5]. - The adjusted EBITDA guidance was also lowered to $289-293 million from$304-308 million, partly due to a $7 million foreign currency loss [5]. - The company anticipates net sales growth to be between -1$50,000 in e.l.f. Beauty between November 1, 2023, and November 19, 2024, are encouraged to discuss their legal options [1]. - The lead plaintiff in the class action will be the investor with the largest financial interest who is typical of class members [5]. - Faruqi & Faruqi, LLP is also seeking information from whistleblowers, former employees, and shareholders regarding e.l.f. Beauty's conduct [6].