The mass beauty company surpassed $1 billion in sales in its fiscal 2024 ended March 31 for the first time, up 77 percent from fiscal 2023. This is faster than the company had expected to hit the significant milestone.
“Fiscal 2024 marked our strongest year of net sales growth on record, a continuation of the exceptional, consistent, category-leading growth we’ve delivered,” said Tarang Amin, E.l.f.’s chairman and chief executive officer. “As we look ahead, we believe we are still in the early innings of unlocking the full potential we see for E.l.f. Beauty across cosmetics, skin care and international markets.” Net sales increased 71 percent to $321.
But despite the second quarter results, E.l.f.’s share price dropped around 10 percent in after market trading as its 2025 outlook fell short of Wall Street estimates. E.l.f. is expecting net sales between $1.23 billion and $1.25 billion, below Wall Street estimates of $1.27 billion. Adjusted net income is expected to come in between $187 million and $191 million, also coming in below forecasts of $3.51.. We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the Google
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