E.l.f. Beauty gets $50M tariff refund as profits double

Cosmetics company E.l.f. Beauty received $50 million in tariff refunds during its fiscal first quarter, helping profits surge by nearly 100%. The windfall stemmed from overpaid customs duties and coincided with broader strong financial performance at the firm. It is an unusual case of tariff policy changes delivering a direct and measurable financial benefit to a single company.