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Mar 31, 2020
e.l.f. Q4 2020 Earnings Report
e.l.f. Beauty announced Q4 2020 results, delivering net sales of $283 million and gaining market share in U.S. color cosmetics.
Key Takeaways
e.l.f. Beauty reported a 13% increase in net sales for the fourth quarter of fiscal year 2020, reaching $74.7 million compared to $66.1 million in the same period last year. The company experienced a net loss of $0.3 million, or $0.01 per diluted share, but adjusted net income increased to $5.3 million, or $0.10 per diluted share. The increase in sales was primarily driven by increased productivity across retail and e-commerce channels.
Net sales increased by 13% to $74.7 million compared to $66.1 million in the three months ended March 31, 2019.
Gross margin increased to 64% from 61% when compared to the three months ended March 31, 2019.
Net loss was $0.3 million, or $0.01 per diluted share, compared to net loss of $17.9 million, or $0.37 per diluted share for Q4 2019.
Adjusted net income increased to $5.3 million, or $0.10 per diluted share, compared to adjusted net income of $3.2 million, or $0.06 per diluted share for Q4 2019.
Forward Guidance
The Company expects sales trends and the economy overall to remain volatile for the next several months and is suspending guidance for fiscal year 2021 due to uncertainty around the timing, speed and duration of the recovery from the adverse impacts of COVID-19.
Positive Outlook
- The Company has taken steps to fortify its balance sheet.
- The Company has reduced expenses to navigate the situation.
- The Company remains focused on executing its five strategic imperatives.
- The Company is advancing its strategic extensions.
- Company believes these steps give them optimism in the long-term potential of the company.
Challenges Ahead
- Sales trends and the economy overall are expected to remain volatile for the next several months.
- There is uncertainty around the timing, speed and duration of the recovery from the adverse impacts of COVID-19.
- The Company is suspending guidance for fiscal year 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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