The valuation more than doubled when growth was surging, so what will happen now that it's slowing? Shares of cosmetics company e.l.f. Beauty (ELF 0.30%) have quickly plunged about 26% from recent highs and it's because the growth rate has suddenly come crashing down for this high-growth business. On Aug. 8, e.l.f. Beauty's management actually raised its full-year revenue guidance. Previously, it had expected net sales of $1.23 billion, at most, for its fiscal 2025 (which ends in March 2025). Now it expects ...