ELF Beauty: Third Quarter Fiscal 2024 Results

ELF Beauty announced results for the three and nine months ended December 31, 2023.

 

For the three months ended December 31, 2023, net sales increased 85% to $270.9 million, primarily driven by strength in both retailer and e-commerce channels, the company said.

 

Net income was $26.9 million.

 

“Our vision is to create a different kind of beauty company and you can see that in the exceptional, consistent, category-leading growth we’ve delivered,” said Tarang Amin, ELF Beauty’s chairman and CEO. “In Q3, we grew net sales by 85% and market share by 305 basis points, marking our 20th consecutive quarter of growth in each. I’m extremely proud of our team and the progress we continue to make across color cosmetics, skin care and internationally.”

 

For the nine months ended December 31, 2023, net sales increased 80% to $702.8 million. This was primarily driven by strength in both retailer and e-commerce channels, said the company.

 

Net income was $113.1 million.

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