BUZZ-E.l.f. Beauty falls after Muddy Waters says it is short on company

Reuters11-21 00:54

** Shares of cosmetics and skin care products maker e.l.f. Beauty fall about 12% to $107.34

** Short seller Muddy Waters says it is short on ELF; believes the company has "materially overstated revenue over the past three quarters, possibly by about $135 mln to $190 mln"

** "We believe that in Q2 FY24, ELF management realized its growth narrative was in trouble as its inventory built. It appears that ELF then began reporting inflated revenue and profits" - Muddy Waters

** Muddy Waters says ELF's reported inventory build was seemingly due to insufficient sales and not due to a change in buying practices, as was announced in Q2 2024

** ELF did not immediately respond to a Reuters request for comment

** As of last close, stock down 15% YTD; stock up 1197.6% since 2019

(Reporting by Juveria Tabassum in Bengaluru)

((Juveria.Tabassum@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2485231142?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-21 00:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2485231142","market":"us","top_or_hot":-1,"title":"BUZZ-E.l.f. Beauty falls after Muddy Waters says it is short on company","media":"Reuters","content":"<html><body><p>** Shares of cosmetics and skin care products maker e.l.f. Beauty    fall about 12% to $107.34</p><p>   ** Short seller Muddy Waters says it is short on ELF; believes the company has \"materially overstated revenue over the past three quarters, possibly by about $135 mln to $190 mln\"</p><p>   ** \"We believe that in Q2 FY24, ELF management realized its growth narrative was in trouble as its inventory built. It appears that ELF then began reporting inflated revenue and profits\" - Muddy Waters</p><p>   ** Muddy Waters says ELF's reported inventory build was seemingly due to insufficient sales and not due to a change in buying practices, as was announced in Q2 2024</p><p>   ** ELF did not immediately respond to a Reuters request for comment</p><p>   ** As of last close, stock down 15% YTD; stock up 1197.6% since 2019</p><p> (Reporting by Juveria Tabassum in Bengaluru)</p><p>((Juveria.Tabassum@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-E.l.f. Beauty falls after Muddy Waters says it is short on company</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-E.l.f. Beauty falls after Muddy Waters says it is short on company\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-21 00:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>** Shares of cosmetics and skin care products maker e.l.f. Beauty    fall about 12% to $107.34   ** Short seller Muddy Waters says it is short on ELF; believes the company has \"materially overstated ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4183","symbol_name":"个人用品","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2485231142","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485231142","pubTimestamp":1732121688,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Shares of cosmetics and skin care products maker e.l.f. Beauty    fall about 12% to $107.34   ** Short seller Muddy Waters says it is short on ELF; believes the company has \"materially overstated revenue over the past three quarters, possibly by about $135 mln to $190 mln\"   ** \"We believe that in Q2 FY24, ELF management realized its growth narrative was in trouble as its inventory built. It appears that ELF then began reporting inflated revenue and profits\" - Muddy Waters   ** Muddy Waters says ELF's reported inventory build was seemingly due to insufficient sales and not due to a change in buying practices, as was announced in Q2 2024   ** ELF did not immediately respond to a Reuters request for comment   ** As of last close, stock down 15% YTD; stock up 1197.6% since 2019 ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4183":"个人用品","LU0566484027.USD":"安本美国小盘成长股","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","ELF":"e.l.f. Beauty Inc.","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","LU1559883803.SGD":"Aberdeen Standard SICAV I - North American Smaller Companies Fund A Acc SGD-H","LU2413666699.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"CRH\" (HKDHDG) INC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0347712357.USD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (USD) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","BK4121":"生命科学工具和服务","BK4585":"ETF&股票定投概念","WAT":"沃特世","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU2413666426.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (HKD) ACC","BK4588":"碎股"},"translate_title":"嗡嗡声。浑水公司表示公司短缺后，Beauty股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WAT":1,"ELF":0.9},"content_text":"** Shares of cosmetics and skin care products maker e.l.f. Beauty    fall about 12% to $107.34   ** Short seller Muddy Waters says it is short on ELF; believes the company has \"materially overstated revenue over the past three quarters, possibly by about $135 mln to $190 mln\"   ** \"We believe that in Q2 FY24, ELF management realized its growth narrative was in trouble as its inventory built. It appears that ELF then began reporting inflated revenue and profits\" - Muddy Waters   ** Muddy Waters says ELF's reported inventory build was seemingly due to insufficient sales and not due to a change in buying practices, as was announced in Q2 2024   ** ELF did not immediately respond to a Reuters request for comment   ** As of last close, stock down 15% YTD; stock up 1197.6% since 2019 (Reporting by Juveria Tabassum in Bengaluru)((Juveria.Tabassum@thomsonreuters.com;))","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485231142"}