E.l.f. Beauty sees $50 million windfall in tariff refunds as profits surge 100%

E.l.f. Beauty reported substantially elevated profits in its fiscal first quarter ended June 30, attributing much of the gain to federal tariff refunds totaling roughly $50 million plus associated interest payments stemming from duties that were struck down by the Supreme Court. The company’s net income reached $66.6 million, or $1.12 per share, compared with $33.3 million, or 58 cents per share, in the prior year period. On an adjusted basis excluding non-recurring tax-related charges an