E.l.f. Beauty shares surged 15% after reporting earnings beat and raising guidance for the fiscal year. Net sales increased 38% to $489.5 million, with adjusted net income of $74.5 million. The acquisition of Hailey Bieber’s skincare company, rhode, contributed $128 million to third-quarter sales growth. Full-year revenue outlook raised by $42-50 million.

CEO Tarang Amin stated that Q3 results showcased market share gains and successful launch of rhode in Sephora U.K. E.l.f. Beauty’s consistent growth over 28 quarters attributed to value proposition, innovation, and marketing strategies. Net sales contribution from rhode expected to reach $265 million this year, up from previous guidance.

Read more at CNBC: E.l.f. Beauty (ELF) Q3 2026