Loading...
•
Jun 30, 2024
e.l.f. Q1 2025 Earnings Report
Delivered 50% net sales growth, gained 260 basis points of market share, and raised fiscal 2025 outlook.
Key Takeaways
e.l.f. Beauty reported a strong start to fiscal year 2025, with a 50% increase in net sales and a 260 basis point gain in market share during Q1. The company's 22nd consecutive quarter of net sales growth and market share gains places it among high-growth consumer companies. The company is also raising its fiscal 2025 outlook.
Net sales increased by 50% to $324.5 million, driven by strength in both retailer and e-commerce channels.
Gross margin increased approximately 80 basis points to 71%, primarily due to favorable foreign exchange impacts, lower transportation costs, and price increases in international markets.
Net income was $47.6 million, with diluted earnings per share at $0.81 on a GAAP basis.
The company is raising its fiscal 2025 outlook and expects a 25-27% year-over-year increase in net sales.
e.l.f.
e.l.f.
Forward Guidance
The company is providing an updated outlook for fiscal 2025, expecting a 25-27% year-over-year increase in net sales.
Positive Outlook
- Net sales are expected to increase by 25-27% year-over-year.
- Net sales are projected to be $1,280-1,300 million.
- Adjusted EBITDA is expected to be $297-301 million.
- Adjusted effective tax rate is projected at 20-21%.
- Adjusted net income is expected to be $198-201 million.