Shana Novak/DigitalVision via Getty Images Introduction & Investment Thesis e.l.f. Beauty (NYSE:ELF) is a multi-brand beauty company that offers premium-quality cosmetics and skincare products at accessible prices compared to its competitors. It has performed at par with the S&P 500 and Nasdaq 100 YTD, although over the last 5 years, it has outperformed the indices by more than 10x. The company released its Q3 FY24 earnings report in February, where its revenues and earnings grew by 85% and 61% YoY respecti ...