Tarang Amin (C), Chairman and CEO of cosmetics firm e.l.f. Beauty Inc., rings the opening bell on the New York Stock Exchange (NYSE) to have fun his firm’s IPO in New York City, U.S. September 22, 2016. Brendan McDermid | ReutersDrugstore make-up model e.l.f. Beauty raised its full-year outlook Tuesday after reporting a 76% year-over-year gross sales bounce, sending shares surging about 15% in prolonged buying and selling.Here’s what the cosmetics firm reported for its fiscal first quarter of 2024 and what Wall Street was anticipating, primarily based on a survey of analysts by Refinitiv:Earnings per share: $1.10, adjusted, vs. 56 cents expectedRevenue: $216.3 million vs. $184 million expectedrelated investing informationThe firm’s reported web revenue for the three-month interval that ended June 30 was $53 million, or 93 cents per share, in contrast with $14.5 million, or 27 cents per share, a yr earlier. Excluding one-time gadgets, e.l.f. earned $62.9 million, or $1.10 per share.Sales soared to $216.3 million from $122.6 million a yr earlier.The digitally native magnificence firm, which has grown its model by harnessing the ability of social media advertising and marketing, mentioned these sturdy gross sales have been the idea for elevating its full-year outlook.The firm mentioned it expects web gross sales to be between $792 million and $802 million, in contrast with a earlier vary of $705 million to $720 million. Analysts had been anticipating a spread between $713 million and $760 million, in keeping with Refinitiv.E.l.f. now expects adjusted full-year earnings to be between $125 million and $127 million, in contrast with a earlier vary of $98.5 million to $100.5 million.”This marks our 18th consecutive quarter of delivering each web gross sales development and market share positive factors,” Tarang Amin, e.l.f.’s chairman and CEO, mentioned in a information launch. “We are considered one of solely 5 publicly traded shopper firms out of 274 that has grown for 18 straight quarters and averaged a minimum of 20% gross sales development per quarter over that interval.”
https://www.cnbc.com/2023/08/01/elf-beauty-elf-earnings-q1-2024.html
