Loading...
•
Dec 31, 2022
e.l.f. Q3 2023 Earnings Report
Reported a net sales increase and market share expansion.
Key Takeaways
e.l.f. Beauty reported a strong third quarter with a 49% increase in net sales and a 150 basis point expansion in market share. The company's performance marks the 16th consecutive quarter of net sales growth.
Net sales increased by 49% to $146.5 million.
Gross margin increased approximately 180 basis points to 67%.
Diluted earnings per share were $0.34 on a GAAP basis and adjusted diluted earnings per share were $0.48.
The company is raising its fiscal year 2023 outlook.
Forward Guidance
The company updated its fiscal year 2023 outlook, expecting a 38-39% year-over-year increase in net sales.
Positive Outlook
- Net sales are expected to increase by 38-39% year-over-year.
- Adjusted EBITDA is projected to be $110.5-112 million.
- Adjusted net income is anticipated to be $75.5-77 million.
- Adjusted diluted earnings per share are forecasted to be $1.37-1.40.
- Diluted shares outstanding are expected to be 56 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...