elf Beauty Stock Price, News & Analysis

e.l.f. Beauty reported a remarkable 23% net sales growth for fiscal 2022, reaching $392.2 million. In Q4 alone, net sales increased 13% to $105.1 million, supported by strong performance in national and international retailers. Despite a slight decline in gross margin and a rise in SG&A expenses, adjusted net income was $45.2 million with diluted EPS of $0.84. For fiscal 2023, the company anticipates a 10-12% increase in net sales, signaling continued momentum.

e.l.f. Beauty (NYSE: ELF) announced a webcast to discuss its fourth quarter fiscal 2022 results on May 25, 2022, at 4:30 p.m. Eastern Time. The live broadcast will feature CEO Tarang Amin and CFO Mandy Fields. An accompanying press release detailing the results will be issued prior to the webcast. The company emphasizes its commitment to clean, cruelty-free beauty and has expanded its portfolio to include brands such as e.l.f. SKIN and Well People. Archived versions of the webcast will be available online.

e.l.f. Beauty and Dunkin’ are launching a limited-edition makeup collection on March 31. The e.l.f. x Dunkin’ collaboration features products inspired by Dunkin's iconic flavors, including $16 eyeshadow palettes and $12 lip glosses. Available at elfcosmetics.com and Ulta Beauty starting April 3, the collection includes unique items like a coffee lip scrub and a glazed for days lip gloss set. The launch will be promoted by TikTok influencer Mikayla Nogueira, with live shopping events and a pop-up experience in NYC.

e.l.f. Cosmetics has announced the winners of its #elfitup hashtag challenge, part of a collaboration with Simon Fuller’s The Future X pop group, discovered on TikTok. With over 12 billion views, the challenge aimed to engage emerging makeup artists. Winners include Morgan Tanner, Caleb Harris, Aditi Harish, and Markphong Tram. The collaboration focuses on creativity in beauty, music, and entertainment. A unique 'e.l.f.ing amazing' room was created in Malibu to inspire and prepare the group for upcoming performances, featuring innovative makeup looks.

e.l.f. Cosmetics announces a collaboration with NTWRK and jewelry designer Georgina Trevino for its first jewelry line, ears.lips.face., in celebration of Women's History Month. The limited edition ear cuff will be premiered on March 8, 2022, with entries open for a week. For each entry, e.l.f. will donate $1 to Project Glimmer, aiming for a total of $25,000 to empower young women. This initiative was inspired by a viral moment on Jeopardy! and features a unique design intended to symbolize beauty and empowerment.

e.l.f. Beauty (NYSE: ELF) announced an 11% increase in net sales for Q3 2022, totaling $98.1 million, driven by strong retailer performance. The company raised its fiscal 2022 guidance, projecting net sales of $372-$379 million and adjusted EBITDA of $70-$72 million, up from prior estimates. Gross margin for the quarter improved by 110 basis points to 66%, while net income was reported at $6.2 million, or $0.12 per share. However, SG&A expenses increased, reflecting higher marketing and digital spending. The firm continues to outperform pre-pandemic sales levels.

The Future X, a new pop group formed through TikTok, is set to release their debut single next month under Columbia Records. The group includes three singers and four dancers, all selected from over 300 million views generated by the hashtag #NextInMusic. They will perform live in March 2022, supporting Now United's arena tour in Brazil. Additionally, e.l.f. Cosmetics is launching a TikTok challenge to find makeup artists for the group, promoting engagement with fans and aspiring creators.

e.l.f. Cosmetics has announced a significant reformulation of over 350 products to align with the clean beauty movement, adhering to EU Cosmetics Regulation and FDA standards. The company has banned over 1,600 harmful ingredients and emphasizes vegan and cruelty-free formulations. Their new Pure Skin collection features dermatologist-developed products, priced at just $9 each. e.l.f. aims to make clean beauty accessible without sacrificing value. The products are available online and at major retailers like Target, Walmart, and ULTA Beauty.

e.l.f. Beauty (NYSE: ELF) has announced a webcast scheduled for February 2, 2022, at 4:30 p.m. ET to discuss its third quarter fiscal 2022 results. The webcast will be hosted by CEO Tarang Amin and CFO Mandy Fields, following a press release that will detail the Company’s financial performance. e.l.f. Beauty is recognized for its commitment to inclusive, cruelty-free beauty, bolstered by the introduction of clean-beauty brand Well People and Keys Soulcare, a brand developed with Alicia Keys, enhancing its product portfolio.