ELF is trading 4.4% up at $55.46 after its May 20 earnings release showed 35% Q4 net sales growth and a beat on revenue estimates.

  • Investors are responding to the strong top-line print and continued demand strength, even as growth is expected to slow from recent peaks.
  • Market focus has shifted to the company’s fiscal 2027 outlook and the ongoing Rhode acquisition story.
  • The move appears tied primarily to earnings digestion and post-report buying, outperforming a slightly higher broader market.