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Dec 31, 2019
e.l.f. Q3 2020 Earnings Report
Net sales increased driven by productivity across channels, progress against strategic imperatives and shipment timing.
Key Takeaways
e.l.f. Beauty reported net sales of $80.8 million, a 3% increase compared to the same quarter last year. Excluding the impact of store closures, net sales increased by 8%. The company is raising its Fiscal Year 2020 guidance due to current momentum.
Net sales increased 3% to $80.8 million.
Gross margin increased to 65% from 60%.
Net income was $8.0 million, or $0.16 per diluted share.
Adjusted net income decreased to $12.2 million, or $0.24 per diluted share.
e.l.f.
e.l.f.
Forward Guidance
The company expects net sales growth of 7% to 8% compared to fiscal 2019, excluding the contribution of e.l.f. retail stores.
Positive Outlook
- Net sales $274-277 million
- Adjusted EBITDA $58-60 million
- Adjusted net income $28-30 million
- Adjusted diluted EPS $0.55-0.59
- Fully diluted shares outstanding 52.5 million