earnings
confidence high
sentiment positive
materiality 0.75
e.l.f. Beauty Q1 net sales up 26% to $122.6M; raises FY2023 guidance
e.l.f. Beauty, Inc.
2023-Q1 EPS reported
$0.27
revenue$122,601,000
- Net sales $122.6M (+26% YoY); gross margin 68% (+390 bps).
- GAAP net income $14.5M ($0.27 diluted EPS); adjusted net income $21.1M ($0.39 adjusted EPS).
- Adjusted EBITDA $31.7M (26% of sales), up 46% YoY.
- Raises FY2023 net sales outlook to $448-456M (prev. $432-440M); adjusted EPS to $0.84-0.87.
- Gained 120 bps of market share; 14th consecutive quarter of net sales growth.