e.l.f. Beauty Comments on Letter from Marathon Partners
September 12 2018 - 4:16PM
Business Wire
e.l.f. Beauty, Inc. (NYSE:ELF) acknowledged today that it has
received a letter from a stockholder, Marathon Partners.
“e.l.f. regularly engages in open and transparent dialogue with
our stockholders, and continues to do so with Marathon Partners,”
stated Tarang Amin, Chairman and Chief Executive Officer. “Our
Board will thoughtfully review the ideas raised by Marathon as part
of its evaluation of a broad range of opportunities to increase
long-term stockholder value. As we do so, and as previously
disclosed, we are re-investing in our brand while streamlining
operations, actions which we believe will position e.l.f. for
long-term, profitable growth.”
About e.l.f. Beauty
e.l.f. makes luxurious beauty accessible for all. Established in
2004 as an e-commerce business (www.elfcosmetics.com), e.l.f. has
become a true multi-channel brand through its e.l.f. stores and
national distribution at Target, Walmart, Ulta Beauty and other
leading retailers. By engaging young, diverse beauty enthusiasts
with high-quality, prestige-inspired cosmetic and skin care
products at extraordinary value, e.l.f. has become one of the
fastest growing beauty companies in the United States.
For more information about e.l.f. Beauty, visit the Company’s
website at http://www.elfcosmetics.com.
Forward-looking statements
This press release contains forward-looking statements within
the meaning of the federal securities laws, including those
statements relating to the Company’s reinvestment in its brand
while streamlining operations and the Company’s belief regarding
its long-term, profitable growth. These forward-looking statements
are based on management's current expectations, estimates,
forecasts, projections, beliefs and assumptions and are not
guarantees of future performance. Although the Company believes
that the expectations reflected in the forward-looking statements
are reasonable, actual results and the timing of selected events
may differ materially from those expectations. Factors that could
cause actual results to differ materially from those in the
forward-looking statements include, among other things, the risks
and uncertainties that are described in the Company's most recent
Annual Report on Form 10-K, as updated from time to time in the
Company's SEC filings, as well as the Company’s ability to grow net
sales and earnings and its ability to effectively compete with
other beauty companies; the Company’s ability to effectively manage
its expenses; and changes in the Company’s capital allocation
strategy and priorities. Potential investors are urged to consider
these factors carefully in evaluating the forward-looking
statements. These forward-looking statements speak only as of the
date hereof. Except as required by law, the Company assumes no
obligation to update or revise these forward-looking statements for
any reason, even if new information becomes available in the
future.
ELF-EC
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version on businesswire.com: https://www.businesswire.com/news/home/20180912006042/en/
ICR, Inc.Investors:Allison Malkin, 203-682-8200orMedia:Alecia
Pulman, 203-682-8200elfPR@icrinc.com
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