The cosmetics maker generated $520.8 million in second-quarter net sales, supported by a 165% surge in international markets and strong momentum across e-commerce and retail channels. Profitability surged as net income climbed to $30.03 million, while adjusted earnings of $1.21 per share doubled analyst forecasts. The company also benefited from tariff refunds that helped expand gross margins by 1.6%, allowing it to reduce prices by $1 on roughly 10% of its product portfolio. Following these broad-based gains, management lifted its full-year revenue outlook to exceed $2 billion.
Key points
Adjusted earnings per share reached $1.21, significantly surpassing the 60 cents per shar…: Adjusted earnings per share reached $1.21, significantly surpassing the 60 cents per share anticipated by Wall Street analysts.
Management updated its full-year guidance, now forecasting annual net sales to land betwe…: Management updated its full-year guidance, now forecasting annual net sales to land between $2 billion and $2.03 billion.
Social media traction remains strong, with the company securing the top-searched spot and…: Social media traction remains strong, with the company securing the top-searched spot and ranking as the second-largest cosmetics brand on TikTok Shop.
Sources checked by our analysis pipeline: 1
E.l.f. Beauty on Wednesday blew past Wall Street expectations as it posted a 51% increase in net sales in its second fiscal quarter.
The beauty company said it saw its 31st consecutive quarter of net sales growth, attributing the streak to strong performance across its portfolio. The revenue spike was driven by both retail and e-commerce channels across the U.S. and internationally, the company added.
"The thing I'm most pleased about is we saw strength across our entire portfolio," CEO Tarang Amin told CNBC in an interview. "Every one of our brands contributed strong growth this quarter."
Amin added that E.l.f. is the most-searched brand on TikTok Shop and the No. 2 brand in cosmetics on the platform. The company also said it saw strong results for Rhode, the skincare brand it acquired last year.
The company raised its full fiscal-year guidance following the better-than-anticipated quarter. It now expects net sales in the range of $2 billion to $2.03 billion, compared with a previous range of between $1.94 billion and $1.97 billion. It also upped its adjusted EBITDA projection to…
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