Gen Alpha ‘Sephora kids' are dropping serious money on adult skincare. Brands say they should stop but see soaring sales [Fortune]
e.l.f. Beauty, Inc. (ELF)
Last e.l.f. beauty, inc. earnings: 2/5 04:05 pm
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Source: Fortune
The reason? The serum is too harsh for thousands of the brand's preadolescent fans — the exact demographic that founder Eisenman said has been buying more in the past six months, helping drive Bubble's expansion into 12,000 stores in the US and the UK. In posts on both TikTok and Instagram, the brand told younger kids to avoid its products that exfoliate or treat blemishes. They received more than 40,000 likes. “It's not a common thing for a brand to come and say, ‘You should not use my products,'” Eisenman said. As demand for skin care in the US has surged among teens and tweens, including girls as young as 8 and 9 years old, beauty brands are navigating how to communicate with their new customers. US households with 6- to 12-year-olds spent 27% more on skin care in 2023 versus a year earlier, according to data firm NielsenIQ. Households with 13- to 17-year-olds saw a similar increase. Both significantly outpaced the 13% growth rate across the US. The shift has forced brands t
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ELF
Earnings
- 2/6/24 - Beat
ELF
Sec Filings
- 5/8/24 - Form 4
- 5/6/24 - Form 144
- 4/29/24 - Form 4/A
- ELF's page on the SEC website