BUSINESSCNBC TOP
E.l.f. Beauty sees $50 million windfall in tariff refunds as profits surge 100%
E.l.f. Beauty received $50 million in tariff refunds during its fiscal first quarter, leading profits to nearly double. The company's profits surged 100% as a result of the refunds.
Related Signal
Adjacent reporting
- E.l.f Beauty reversing tariff price increases amid customer ‘suffering,’ sales drop and $49.4M loss
- E.l.f. Beauty to walk back some tariff price increases amid high gas prices and consumer 'suffering'
- Companies start getting tariff refunds after Supreme Court decision
- Biillions in Trump tariff refunds won’t unwind the damage done
- U.S. tariff refunds surged to nearly $50 billion in June, outpacing new revenue