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E.l.f. Beauty posted sales of over $1 billion for its fiscal year 2024, up 77% from the previous year and marking its first billion-dollar year. The cosmetic company beat analyst estimates with revenue up 71% year-over-year, but shares fell as its guidance for 2025 came in below Wall Street expectations. Ulta Beauty's CEO recently warned the broader beauty industry was seeing demand slow earlier and more than expected. E.l.f. Beauty CEO said the company is still in the \
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Live Nation Entertainment shares are trading lower on Thursday as the company faces a legal challenge after the U.S. Department of Justice and several states prepare to file an antitrust lawsuit against the entertainment giant over its control of concert ticket sales.
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Dude Wipes’ potty-mouthed founders have already grabbed 1% of the $11 billion U.S. toilet paper market. Now the Mark Cuban-backed startup is aiming to swipe up to 10%.<br/><br/>Since starting Dude Products in 2011, Sean Riley, Ryan Meegan and a third cofounder, Jeff Klimkowski, childhood friends from the Chicago suburbs, have closely studied the trail left behind by “Big Toilet Paper” leaders like Kimberly Clark and Procter & Gamble – everything from the design of their newest rolls to their latest ad campaigns – and have done the exact opposite. <br/><br/>One of the most successful businesses in Shark Tank history, Dude Products rolled up $110 million in revenue last year, from $70 million in 2022. The company, which has been profitable since 2016, now makes up 1% of the $11 billion toilet paper industry. The founders predict Dude will do $500 million in annual sales within five years and ultimately grow into a $1 billion (sales) brand. <br/><br/>0:00 Who Are The Dudes?<br/>00:19 Meeting the Need for Something Different <br/>02:50 Characteristics of a Winning Team<br/>03:37 Scared Money Don’t Make Money<br/>04:29 Guerilla Marketing At Its Finest <br/>06:46 The Dudes’ First Major Deal <br/>07:22 The Shark Tank Effect <br/>09:28 The Great Toilet Shortage of 2020<br/>11:00 Flushing Out the Competition <br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/jemimamcevoy/2024/05/17/this-shark-tank-winner-has-a-1-billion-plan-to-replace-toilet-paper/?sh=1b23fac62c17<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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Palo Alto Networks reports quarterly earnings of $1.32 per share which beat the analyst consensus estimate of $1.25 by 5.6%. Quarterly sales clock in at $1.985 billion which beat the analyst consensus estimate of $1.967 billion.
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