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Barchart
Barchart
Wajeeh Khan

A $50 Million Reason Why ELF Stock Is Up Today

ELF elf Beauty

E.L.F. Beauty (ELF) stock ended higher on Thursday after the cosmetics firm said it has received about $50 million in tariff refunds plus interest after the Supreme Court struck down President Donald Trump’s “liberation day” tariffs.

The reimbursement provided an immediate boost to ELF’s bottom line, driving a net income surge of nearly 100% on a year-over-year basis in its fiscal Q2 to $66.6 million.

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