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Mar 31, 2022
e.l.f. Q4 2022 Earnings Report
e.l.f. Beauty's Q4 2022 results showcased a 13% increase in net sales, driven by strength in national and international retailers. Gross margin increased by approximately 100 basis points, and the company provided a fiscal 2023 outlook for 10-12% net sales growth.
Key Takeaways
e.l.f. Beauty reported a 13% increase in net sales for Q4 2022, reaching $105.1 million. The company's gross margin improved by 100 basis points to 64.2%. Net income was $1.6 million, with diluted earnings per share at $0.03. The company provided a fiscal 2023 outlook projecting a 10-12% increase in net sales.
Net sales increased by 13% to $105.1 million, driven by strength in national and international retailers.
Gross margin increased by approximately 100 basis points to 64.2%, driven by cost savings, margin accretive mix and price increases.
Net income was $1.6 million, with adjusted net income at $6.9 million.
Diluted earnings per share were $0.03 on a GAAP basis, with adjusted diluted earnings per share at $0.13.
Forward Guidance
The company is providing the following outlook for fiscal 2023. When compared to fiscal 2022, the outlook for fiscal 2023 reflects an expected 10-12% increase in net sales.
Positive Outlook
- Net sales $432-440 million
- Adjusted EBITDA $80.5-82.0 million
- Adjusted effective tax rate 27-28%
- Adjusted net income $43.5-45.5 million
- Adjusted diluted earnings per share $0.78-0.81
Historical Earnings Impact
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Avg. Return Before/After Earnings
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