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Mar 31, 2021
e.l.f. Q4 2021 Earnings Report
Reported a net sales increase and gained market share in the U.S. color cosmetics market.
Key Takeaways
e.l.f. Beauty announced its Q4 2021 results, highlighting a 24% increase in net sales and marking the ninth consecutive quarter of growth. The company's e.l.f. Cosmetics brand was the only top 5 U.S. color cosmetics brand to post growth and gain share for the year.
Net sales increased by 24% to $92.7 million.
Gross margin decreased approximately 110 basis points to 63.2%.
Net loss was $24.0 thousand on a GAAP basis, while adjusted net income was $8.6 million.
Diluted earnings per share were $0.00 on a GAAP basis, and adjusted diluted earnings per share were $0.16.
Forward Guidance
The Company is providing the following outlook for fiscal 2022. When compared to fiscal 2021, the outlook for fiscal 2022 reflects an expected 8-10% increase in net sales.
Positive Outlook
- Net sales $343-350 million
- Adjusted EBITDA $66.0-67.5 million
- Adjusted effective tax rate 24-25%
- Adjusted net income $35.0-36.8 million
- Adjusted diluted earnings per share $0.64-0.67
Historical Earnings Impact
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Avg. Return Before/After Earnings
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