e.l.f. Beauty, Inc. (ELF) Tops Q4 EPS by 8c, Revenues Miss; Guides Q1 Below
e.l.f. Beauty, Inc. (NYSE: ELF) reported Q4 EPS of $0.30, $0.08 better than the analyst estimate of $0.22. Revenue for the quarter came in at $78.6 million versus the consensus estimate of $83 million.
“2018 was a challenging year with net sales of $267 million, down one percent from last year, driven by headwinds in tracked channels. Despite this, we improved our overall margin profile and delivered strong operating cash flow,” said Tarang Amin, e.l.f.’s Chairman and Chief Executive Officer. “We also made significant progress on initiatives that we believe will better position e.l.f. in the rapidly evolving mass beauty landscape. Going forward, we will be laser-focused on reasserting e.l.f.’s core advantage to delight beauty enthusiasts with prestige-quality cosmetics and skin care at an extraordinary value. We intend to do this by driving demand in our brand, focusing on key, first-to-mass products, getting the right assortment and placement on-shelf and on-line and generating the cost savings to help pay for these investments.”
GUIDANCE:
e.l.f. Beauty, Inc. sees Q1 2019 EPS of $0.04-$0.06, versus the consensus of $0.11. e.l.f. Beauty, Inc. sees Q1 2019 revenue of $55-58 million, versus the consensus of $67 million.
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