E.l.f. Beauty has issued a revised guidance following a significant 36% drop in profits and lower-than-expected January sales. Despite exceeding revenue forecasts, the company slightly missed earnings per share expectations. The outlook for the current quarter seems less promising, with projected earnings per share falling short of market predictions. CEO Tarang Amin highlighted several factors affecting performance, including overall industry softness, tough comparisons from previous periods, and some underperforming product launches.