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  "documentTitle": "e.l.f. Beauty, Inc. (ELF)",
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  "presentationDate": "2024-11-20 00:00:00",
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      "text": "[No disclosure on in-transit inventory made in the 1Q FY2025 10-Q]",
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      "text": "$23 million of Elf product inventory is in-transit (i.e. 'on the water').\nThe Naturium acquisition added $26 million to the company's total inventory.",
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      "text": "\"Our ending inventory balance was $200 million, in line with our expectations and up from $98 million a year ago. The difference is primarily a combination of three things: first, as we've said in the past few quarters, we continue to build back our inventory levels to support strong consumer demand; second, our consolidated results now include Naturium, which added approximately $26 million of inventory; lastly, an additional $23 million of the increase as a result of taking ownership of inventory from China when it ships versus when it enters our distribution center here in the U.S.\" - Mandy Fields, ELF CFO",
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      "text": "“Our ending inventory balance was $200 million, in line with our expectations and up from $98 million a year ago. The difference is primarily a combination of three things: first, as we've said in the past few quarters, we continue to build back our inventory levels to support strong consumer demand; second, our consolidated results now include Naturium, which added approximately $26 million of inventory; lastly, an additional $23 million of the increase as a result of taking ownership of inventory from China when it ships versus when it enters our distribution center here in the U.S.” — Mandy Fields, ELF CFO",
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      "text": "Q1 FY2025 Earnings Call:",
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