e.l.f. Beauty, Inc. (ELF) Announces $500 Million Share Repurchase Program

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Go back to e.l.f. Beauty, Inc. (ELF) Announces $500 Million Share Repurchase Program

e.l.f. Beauty Announces $500 Million Share Repurchase Program

August 27, 2024 4:05 PM EDT

OAKLAND, Calif.--(BUSINESS WIRE)-- e.l.f. Beauty (NYSE: ELF) today announced the Companys Board of Directors authorized a share repurchase program of up to $500 million of the Companys common stock. The Companys previous $25 million program, authorized in 2019, has been exhausted following the Companys use of approximately $17 million in cash to repurchase shares over the past two weeks.

This share repurchase authorization reflects confidence in our strategy and the long-term potential we see for e.l.f. Beauty, said Tarang Amin, e.l.f. Beautys Chairman and Chief... More