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e.l.f. Beauty (ELF) earnings Q3 2024 [Video]

Categories
Small Business Growth

E.l.f. Beauty, the viral cosmetics brand beloved by young consumers, raised its guidance for the third time in a row on Tuesday after it posted 85% sales growth during its holiday quarter.

The company saw torrid revenue growth even as it faced tough comparisons. The jump came on the heels of a 49% sales increase it saw in the year-ago period. 

Here’s how E.l.f. did in its third fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv:

  • Earnings per share: 74 cents adjusted vs. 56 cents expected  
  • Revenue: $270.9 million vs. $239 million expected 

The company’s reported net income for the three-month period that ended Dec. 31, 2023, was $26.9 million, or 46 cents per share, compared with $19.1 million, or 34 cents per share, a year earlier. Excluding stock-based compensation and other nonrecurring charges, E.l.f. posted a net income of $42.9 million, or 74 cents per share. 

Sales rose to …

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