---
schema_version: "secwatch.filing_event.v1"
accession: "0001600033-23-000032"
form_type: "8-K"
ticker: "ELF"
cik: "0001600033"
company_name: "e.l.f. Beauty, Inc."
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T18:18:00.185313+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# e.l.f. Beauty Q1 net sales +76% to $216.3M; raises FY2024 outlook

## Summary
- Q1 net sales $216.3M (+76% YoY); gross margin 71% (+280 bps); adjusted diluted EPS $1.10.
- Raised FY2024 net sales outlook to $792-802M (prev. $705-720M); adjusted EBITDA outlook $171-174M.
- Market share gained 260 bps; 18th consecutive quarter of net sales growth and share gains.
- Cash and equivalents $142.5M; long-term debt $59.6M; adjusted EBITDA $74.3M (+135% YoY).

## SEC filing metadata
- accession: 0001600033-23-000032
- form_type: 8-K
- ticker: ELF
- cik: 0001600033
- company_name: e.l.f. Beauty, Inc.
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1600033/000160003323000032/0001600033-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1600033/000160003323000032/elf-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001600033-23-000032
- JSON: https://secwatch.observer/filing/0001600033-23-000032.json
- Plain text: https://secwatch.observer/filing/0001600033-23-000032.txt

## Key facts
- Earnings Releases
  e.l.f. Beauty, Inc. reported fiscal 2024 results: revenue $792-802 million, net income $125-127 million, EPS $2.19-2.22. Guidance raised.
  - Period: fiscal 2024
  - Revenue: $792-802 million
  - Net income: $125-127 million
  - EPS: $2.19-2.22
  - Guidance: raised
  - Result: guidance update
  source text: expected 37-39% year-over-year increase in net sales, as compared to an expected 22-24% increase previously. Updated Fiscal 2024 Outlook Previous Fiscal 2024 Outlook Net sales $792-802 million $705-720 million Adjusted EBITDA $171-174 million $114.5-147.5 million Adjusted effective tax rate 17-18% 21-22% Adjusted net income $125-127 million $98.5-100.5
  evidence_url: https://www.sec.gov/Archives/edgar/data/1600033/000160003323000032/0001600033-23-000032-index.htm
- Earnings Releases
  e.l.f. Beauty, Inc. reported three months ended June 30, 2023 results: revenue $216.3 million, net income $53.0 million, EPS $0.93.
  - Period: three months ended June 30, 2023
  - Revenue: $216.3 million
  - Net income: $53.0 million
  - EPS: $0.93
  - Result: reported results
  source text: momentum.” Three Months Ended June 30, 2023 Results For the three months ended June 30, 2023, compared to the three months ended June 30, 2022: • Net sales increased 76% to $216.3 million, primarily driven by strength in both our retailer and e-commerce channels. • Gross margin increased approximately 280 basis points to 71%, primarily driven by favorable FX
  evidence_url: https://www.sec.gov/Archives/edgar/data/1600033/000160003323000032/0001600033-23-000032-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.