e.l.f. Beauty, Inc. reports news on its multi-brand beauty business, including cosmetics, skin care and beauty accessories sold through retail and e-commerce channels. The company’s portfolio includes e.l.f. Cosmetics, e.l.f. SKIN, Keys Soulcare, Well People, Naturium and rhode, with products positioned around accessibility, clean and vegan formulations, and broad consumer reach.
Recurring updates cover financial results, brand launches, retail distribution, product collaborations, creator and athlete partnerships, and culture-led marketing campaigns. Company news also highlights rhode retail expansion, e.l.f. Cosmetics sponsorships and entertainment initiatives, and the brand portfolio’s efforts to connect beauty products with sports, music, social media and consumer community events.
e.l.f. Beauty reported a robust performance for the three months ended June 30, 2022, with net sales growth of 26% to $122.6 million, bolstered by strong retailer relationships. The company gained 120 basis points of market share, marking its 14th consecutive quarter of sales growth. Gross margins improved by 390 basis points to 68%. e.l.f. raised its fiscal 2023 outlook, projecting net sales of $448-456 million, up from the previous estimate of $432-440 million. Adjusted diluted EPS is now expected to be $0.84-0.87.
e.l.f. Beauty (NYSE: ELF) announced a live webcast to discuss its first quarter fiscal 2023 results on August 3, 2022, at 4:30 p.m. ET. The session will be led by CEO Tarang Amin and CFO Mandy Fields, with a press release issued prior to the event. This opportunity will provide investors with insights into the company's performance and strategic direction. Interested parties can access the live broadcast or find an archived version online.
e.l.f. Cosmetics has unveiled a limited edition 8-piece collection named Game Up, merging gaming with beauty. This collection features vibrant colors and innovative products, priced affordably for consumers. Available initially on elfcosmetics.com, it will launch at Target stores on July 10 and at Shoppers Drug Mart on July 18. The collection includes products like Game Up Eye Win Eyeliner Pot for $6 and Game Up Shield Me Setting Mist for $10. Each product comes with a code for rewards through e.l.f.'s Beauty Squad.
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.