12:02 PM EDT, 05/29/2025 (MT Newswires) -- (Updates with latest stock price movement in the headline and first paragraph.)

E.l.f. Beauty (ELF) shares were up more than 26% in recent trading Thursday, a day after the company announced a deal to acquire lifestyle beauty brand rhode and reported fiscal Q4 results above expectations.

The company said Wednesday that it has agreed to acquire rhode for up to $1 billion in cash and stock.

The deal consists of $600 million in cash and $200 million in stock at closing, along with an additional potential earnout consideration of $200 million based on the growth of rhode over a three-year timeframe, e.l.f. said Wednesday in a statement.

The deal is expected to close in Q2 fiscal 2026.

E.l.f also reported fiscal Q4 adjusted earnings of $0.78 per diluted share, up from $0.53 a year earlier.

Analysts polled by FactSet expected $0.72.

Net sales in the three months ended March 31 rose to $332.6 million from $321.1 million a year earlier.

Analysts surveyed by FactSet expected $326.7 million.

The company withheld fiscal 2026 guidance due to "the wide range of potential outcomes related to tariffs," according to the statement.

Price: 114.71, Change: +24.21, Percent Change: +26.76