Why e.l.f Beauty Stock Soared Today
Beauty (NYSE: ELF) soared on Thursday after the company reported third-quarter financial results for its fiscal 2023 and raised its outlook going forward. As of 12:40 p.m. ET, e.l.f Beauty stock was up 14%. Beauty makes cosmetic products that are primarily sold at big-box retailers -- Walmart and Target combined account for nearly half of the company's sales.