E.l.f. Beauty Reports 51% Sales Growth and Raises Full-Year Guidance
E.l.f. Beauty (ELF) delivered a significant beat for its second fiscal quarter, reporting net sales of $520.8 million, a 51% increase year-over-year. The company achieved its 31st consecutive quarter of growth, driven by strong performance across both retail and e-commerce channels in the U.S. and international markets. International business specifically saw a massive surge of 165%. Following these results, management raised its full-year financial outlook, including projections for net sales, adjusted EBITDA, and earnings per share. CEO Tarang Amin expressed high confidence in the upcoming holiday season and noted that the company's acquisition of Rhode is contributing to overall portfolio strength. The company also utilized tariff refunds to support pricing and marketing strategies to maintain momentum.
Tickers: $ELF
Topics: earnings report guidance increase retail performance revenue growth
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