ELF Beauty Q1 net profit drops 30% as China tariffs bite
Cosmetics company beats revenue expectations but faces margin pressure from supply chain costs.
Rhode founder Hailey Bieber with the brand's signature Peptide Lip Treatment. ELF Beauty acquired Rhode for $800 million, with the deal closing on August 5, 2025. Image: Rhode/Hailey Bieber
Rhode founder Hailey Bieber with the brand's signature Peptide Lip Treatment. ELF Beauty acquired Rhode for $800 million, with the deal closing on August 5, 2025. Image: Rhode/Hailey Bieber
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