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E.l.f. Beauty Reports Strong Q2 Earnings with 40% Sales Gain, EPS $0.77, Raises Guidance
Nov 6, 2024, 09:14 PM
E.l.f. Beauty has reported impressive financial results for the second quarter of fiscal 2025, leading to a significant surge in its stock price. The cosmetics retailer posted a 40% increase in net sales, reaching $301.1 million, surpassing the expected $286 million. Adjusted earnings per share (EPS) were $0.77, significantly higher than the anticipated $0.43. On a GAAP basis, EPS was $0.33. The company also raised its full-year guidance, projecting revenue between $1.315 billion and $1.335 billion, up from the prior range of $1.280 billion to $1.300 billion. The CEO highlighted the consistent, category-leading growth, with the stock rising 17% in after-hours trading. Net income was $19.0 million, and the gross margin improved to 71%.
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