E.l.f. Beauty raises full-year guidance after strong sales growth

From CNBC: 2024-11-06 16:24:28

E.l.f. Beauty raised its full-year guidance after sales grew by 40%. Shares surged 10% in after-hours trading. The company reported earnings of 77 cents per share, exceeding expectations. Revenue reached $301 million, up 40% from the previous year. E.l.f. now expects fiscal 2025 sales to be between $1.32 billion and $1.34 billion, beating analyst estimates. CEO Tarang Amin credited the company’s success to viral marketing and appealing to a wide range of consumers. Target and Walgreens plan to expand shelf space for E.l.f. products. Selling, general, and administrative costs rose, but the company maintained a strong gross margin. International sales now make up 21% of overall revenue, providing a buffer against potential tariff hikes.



Read more at CNBC:: E.l.f. Beauty (ELF) earnings Q2 2025