Key Takeaways ELF shares have dropped 37.9% amid slowing organic growth, margin pressure and a tougher outlook. Core sales turned negative as retailer delays, rising tariffs and high SG&A weighed on performance. The Rhode acquisition boosts the portfolio but adds debt as ELF faces sustained cost and margin headwinds.e.l.f. Beauty, Inc. (ELF) has seen a sharp reversal this year, with shares sliding 37.9% in the year-to-date period. The pullback reflects growing investor discomfort with slowing organic growth ...