Trump Victory: e.l.f Beauty CEO Says Potential Tariffs Will Have No Impact In FY25, Confident About Navigating Any Situation

e.l.f Beauty Inc ($ELF) CEO Tarang Amin said on the company’s earnings call that tariffs will have no impact in fiscal year 2025 and that he remains confident about the firm’s ability to navigate any potential situation.

“It's when the new administration comes into power, we'll see what they enact and given the length of our supply chain, this is something that would potentially hit us later in 2026,” Amin said, replying to an analyst’s question on how the company plans to deal with any potential tariffs under the Trump administration, according to a transcript.

Tarang added that the firm has a well-balanced plan with a combination of select pricing, cost savings, FX, supplier concessions and further diversification. “So highly confident of our team's ability to navigate tariffs or no tariffs,” he said.

Meanwhile, shares of e.l.f Beauty jumped over 10% in Thursday’s pre-market session after the firm reported an upbeat fiscal 2025 second-quarter earnings and raised its full-year guidance.

Revenue rose 40% to $301 million compared to a Wall Street estimate of $286 million. This was primarily driven by strength in both the retailer and e-commerce channels, in the U.S. and internationally. Earnings per share stood at $0.77 versus an estimate of $0.43.

Amin highlighted that this was the company’s 23rd consecutive quarter of both net sales growth and market share gains.

“Q2 marked another quarter of consistent, category-leading growth. In Q2, we delivered 40% net sales growth, fueled by 195 basis points of market share gains in the U.S. and 91% net sales growth internationally,” he added.

The company now expects full-year net sales to come in at $1.315-1.335 billion compared to an earlier outlook of $1.28-$1.30 billion. Adjusted diluted earnings per share is expected at $3.47-$3.53 versus an earlier forecast of $3.36-$3.41.

Meanwhile, retail chatter on Stocktwits indicated a positive sentiment for the stock. One user said they are keeping the powder dry to load up on the stock in case of further positive news.

Another expects the stock to hit $130 very soon.

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