{"schema_version":"secwatch.filing_event.v1","accession":"0001600033-23-000005","form_type":"8-K","ticker":"ELF","cik":"0001600033","company_name":"e.l.f. Beauty, Inc.","filed_at":"2023-02-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.776135+00:00","generated_at":"2026-06-20T03:48:04.306599+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"e.l.f. Beauty Q3 net sales +49% to $146.5M; raises FY2023 guidance sharply","bullets":["GAAP diluted EPS $0.34; adjusted diluted EPS $0.48, up from $0.36 a year ago.","Gross margin expanded 180 bps to 67% on price increases and cost savings.","Fiscal 2023 net sales outlook raised to $541-545M (prev. $478-486M); adjusted EPS to $1.37-1.40 (prev. $1.07-1.10).","16th consecutive quarter of net sales growth; market share gained 150 bps per Nielsen.","Cash and equivalents $87M, long-term debt $62.2M, improved vs. $32.9M / $92.5M a year ago."],"urls":{"canonical":"https://secwatch.observer/filing/0001600033-23-000005","json":"https://secwatch.observer/filing/0001600033-23-000005.json","markdown":"https://secwatch.observer/filing/0001600033-23-000005.md","text":"https://secwatch.observer/filing/0001600033-23-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1600033/000160003323000005/0001600033-23-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1600033/000160003323000005/elf-20230201.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T03:48:04.306599+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"22dee4502b210333699dec45e140dac48d43c0bc","claim":"e.l.f. Beauty, Inc. reported fiscal 2023 results: revenue $541-545 million, net income $75.5-77 million, EPS $1.37-1.40. Guidance raised.","evidence_excerpt":"Updated Fiscal 2023 Outlook The Company is providing the following updated outlook for fiscal 2023. The updated outlook for fiscal 2023 reflects an expected 38-39% year-over-year increase in net sales, as compared to an expected 22-24% year-over-year increase previously. Updated Fiscal 2023 Outlook Previous Fiscal 2023 Outlook Net sales $541-545 million $478-486 million Adjusted EBITDA $110.5-112 million $93.5-95 million Adjusted effective tax rate 19% 22-23% Adjusted net income $75.5-77 million $59-60.5 million Adjusted diluted earnings per share $1.37-1.40 $1.07-1.10 Fiscal year ending diluted shares outstanding 56 million 56 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1600033/000160003323000005/0001600033-23-000005-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023"},{"label":"Revenue","value":"$541-545 million"},{"label":"Net income","value":"$75.5-77 million"},{"label":"EPS","value":"$1.37-1.40"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"2412d44114dc60945224bfebc3f6d217f228129e","claim":"e.l.f. Beauty, Inc. reported nine months ended December 31, 2022 results: revenue $391.5 million, net income $45.3 million, EPS $0.82. Guidance raised.","evidence_excerpt":"For the nine months ended December 31, 2022 , compared to the nine months ended December 31, 2021: • Net sales increased 36% to $391.5 million, primarily driven by strength in both our retailer and e-commerce channels. • Gross margin increased approximately 255 basis points to 67%, primarily driven by price increases, cost savings, and product mix, partially offset by inventory adjustments and higher transportation costs. • SG&A increased $44.6 million to $201.2 million, or 51% of net sales. Adjusted SG&A increased $40.0 million to $179.4 million, or 46% of net sales. The increase was primarily due to an increase in marketing and digital spend, compensation and benefits, operations costs, retail fixturing and visual merchandising costs. • The provision for income taxes was $10.5 million. • Net income was $45.3 million on a GAAP basis. Adjusted net income was $68.0 million. • Diluted earnings per share were $0.82 on a GAAP basis. Adjusted diluted earnings per share were $1.24.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1600033/000160003323000005/0001600033-23-000005-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"nine months ended December 31, 2022"},{"label":"Revenue","value":"$391.5 million"},{"label":"Net income","value":"$45.3 million"},{"label":"EPS","value":"$0.82"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"621d6ee86d9e1e36b8d0b59525894a68ffddb4a3","claim":"e.l.f. Beauty, Inc. reported three months ended December 31, 2022 results: revenue $146.5 million, net income $19.1 million, EPS $0.34. Guidance raised.","evidence_excerpt":"For the three months ended December 31, 2022 , compared to the three months ended December 31, 2021: • Net sales increased 49% to $146.5 million, primarily driven by strength in both our retailer and e-commerce channels. • Gross margin increased approximately 180 basis points to 67%, primarily driven by price increases, cost savings and product mix, partially offset by inventory adjustments and costs related to space gains and Spring shelf resets. • Selling, general and administrative expenses (\"SG&A\") increased $20.1 million to $75.4 million, or 51% of net sales. Adjusted SG&A (SG&A excluding the items identified in the reconciliation table below) increased $19.6 million to $68.2 million, or 47% of net sales. The increase was primarily due to an increase in marketing and digital spend, compensation and benefits, operations costs, retail fixturing and visual merchandising costs. • The provision for income taxes was $4.3 million. • Net income was $19.1 million on a GAAP basis. Adjusted","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1600033/000160003323000005/0001600033-23-000005-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended December 31, 2022"},{"label":"Revenue","value":"$146.5 million"},{"label":"Net income","value":"$19.1 million"},{"label":"EPS","value":"$0.34"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}