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Mar 31, 2023
e.l.f. Q4 2023 Earnings Report
e.l.f. Beauty's Q4 2023 earnings were announced, highlighted by a 78% increase in net sales and a gain of 270 basis points in market share.
Key Takeaways
e.l.f. Beauty reported strong Q4 2023 results, with net sales increasing by 78% and the company gaining significant market share, reaching the number three U.S. Mass Cosmetics brand ranking.
Net sales increased by 78% to $187.4 million.
Gross margin increased by approximately 470 basis points to 69%.
Net income was $16.2 million on a GAAP basis, or $0.29 diluted earnings per share.
Adjusted diluted earnings per share were $0.42.
Forward Guidance
The company expects a 22-24% increase in net sales for fiscal year 2024.
Positive Outlook
- Net sales are projected to be between $705 million and $720 million.
- Adjusted EBITDA is expected to be between $144.5 million and $147.5 million.
- The adjusted effective tax rate is estimated to be 21-22%.
- Adjusted net income is forecasted to be between $98.5 million and $100.5 million.
- Adjusted diluted earnings per share are anticipated to be $1.73-$1.76.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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