e.l.f. Beauty, Inc. (ELF) Tops Q1 EPS by 12c; Guides Higher

e.l.f. Beauty, Inc. (NYSE: ELF) reported Q1 EPS of $0.27, $0.12 better than the analyst estimate of $0.15. Revenue for the quarter came in at $97 million versus the consensus estimate of $79.23 million.

I’m proud of the e.l.f. Beauty team for delivering exceptional first quarter results, highlighted by 50% net sales growth,” said Tarang Amin, e.l.f. Beauty\'s Chairman and Chief Executive Officer. “We\'ve seen consumer demand for color cosmetics inflect positively and we continue to outperform our competitors. In the first quarter, e.l.f. Cosmetics was the only top 5 U.S. color cosmetics brand to post growth and gain share relative to pre-pandemic levels, per Nielsen. Our products are resonating and our brand momentum and category outperformance is strong.”

“We’re raising our fiscal 2022 outlook given our outstanding first quarter results and our expectations for continued momentum across our brand portfolio,” said Mandy Fields, e.l.f. Beauty’s Chief Financial Officer. “Our marketing and digital initiatives are delivering strong return on investment, and we’re leaning into these programs to fuel our growth.”

GUIDANCE:

e.l.f. Beauty, Inc. sees FY2022 EPS of $0.65-$0.68, versus the consensus of $0.67. e.l.f. Beauty, Inc. sees FY2022 revenue of $357-364 million, versus the consensus of $350.6 million.

For earnings history and earnings-related data on e.l.f. Beauty, Inc. (ELF) click here.

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