E.l.f. Beauty CEO Tarang Amin refuted allegations from short seller Muddy Waters, which claimed the company overstated revenue and inventory. Amin emphasized the company's 23 consecutive quarters of growth and strong market share, asserting that the accusations are unfounded and aimed at manipulating stock prices. He noted that E.l.f. has increased inventory to meet rising demand, particularly internationally, despite challenges faced by competitors in the beauty industry.
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