An Estee Lauder counter is seen on the floor of a department store in Brooklyn on Feb. 5, 2025 in New York City.
Spencer Platt | Getty Images
Several beauty stocks posted major losses this week, as companies like E.l.f. Beauty and Estee Lauder reported disappointing earnings and cut guidance.
E.l.f. closed out its worst week since August 2018, with shares cratering nearly 29% over the five-day period. The cosmetics brand on Thursday posted a revenue beat for its fiscal third quarter, but missed on adjusted earnings per share and cut its full-year guidance to between $1.3 billion and $1.31 billion in sales, down from a prior range of between $1.32 billion and $1.34 billion.
CEO Tarang Amin told CNBC in an interview around the results that the cosmetics sector broadly declined 5% in January, which he attributed to a hangover from holiday discounting and a decrease in online attention to beauty products.
Analysts from Morgan Stanley, D.A….
