E.l.f. Beauty (ELF) shares sank in intraday trading Friday, a day after the cosmetics retailer lowered its outlook for its fiscal full year following soft sales in January.

The retailer said it now expects full-year sales of between $1.3 billion and $1.31 billion, below the 澳洲幸运5官方开奖结果体彩网:$1.315 billion to $1.335 billion it had forecast earlier, and undershooting consensus estimates compiled by Visible Alpha of $1.34 billion.

“Given softer than expected trends in January, we are taking a prudent approach and lowering our outlook for the final quarter of our fiscal year,” said 澳洲幸运5官方开奖结果体彩网:Chief Financial Officer Mand🍬y Fields, adding that the new outlook for fiscal 2025 reflected a 27%-28% gain in net sales year-over-year, versus a 28-30% r♉ise before.

The reduced guidance comes as the company, known for its vegan cosmetics, reported third-quarter earnings that undershot estimates by a wide margin. The company posted third-quarter adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of 74 cents that missed projections of 2 ꦫcents each, as per Visible Alpha. Revenue of $355.3 milli♒on, up 31% year-over-year, was above analysts' estimates, however.

Shares in E.l.f. Beauty are down 20% and have lost over half their value in the past year.

UPDATE—Feb. 7, 2025: This article has been updated to include refreshed share prices and the addition of adjusted EPS numbers.