E.l.f. Beauty Reports 51% Sales Growth and Raises Full-Year Financial Guidance
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E.l.f. Beauty announced a remarkable 51% increase in net sales for its second fiscal quarter, totaling $520.8 million. This growth marks the company's 31st consecutive quarter of sales increases, driven by strong performance across both retail and e-commerce channels. CEO Tarang Amin highlighted that every brand within the portfolio contributed to this success, and the company is optimistic about continued growth, especially during the upcoming holiday season.
The impressive sales figures have prompted E.l.f. to raise its full-year guidance, now projecting net sales between $2 billion and $2.03 billion, up from a previous estimate of $1.94 billion to $1.97 billion. Additionally, the adjusted EBITDA forecast has been increased to a range of $421 million to $427 million. The company also anticipates adjusted earnings per share will rise to between $3.82 and $3.86, surpassing earlier expectations.
E.l.f. Beauty's international sales saw a significant boost, with a 165% increase, although only 25% of its business currently comes from outside the U.S. The company is focused on leveraging this growth opportunity and plans to reinvest tariff refunds into pricing and marketing strategies. No further timeline was disclosed at the time of publication.
Original report
E.l.f. Beauty posts 51% sales increase, raises full-year guidance
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