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Elf Beauty reports surprising increase in earnings, but issues weak guidance for upcoming periods. Stock experiences significant rise following announcement on Thursday. #ElfBeauty #Earnings #StockMarket
$ELF is a disruptor in the beauty industry, offering high-quality makeup and skincare products at affordable prices. The company has grown its net sales for 21 consecutive quarters and has accelerated revenue growth significantly during the last year. The market has rewarded… https://t.co/E23tRfGsy3
$ELF (+4.4% pre) e.l.f. Beauty Non-GAAP EPS of $0.53 beats by $0.20, revenue of $321.1M beats by $28.74M - SA https://t.co/BEUaEIEwx9
e.l.f. Beauty reported strong earnings for fiscal 2024, with net sales increasing by 77% to $1.024 billion. Net income was $14.5 million on a GAAP basis, while adjusted net income stood at $30.8 million. However, the company issued weak guidance for FY2025, projecting revenue of $1.23-1.25 billion, below the consensus of $1.27 billion. Despite the positive Q4 results, Elf Beauty's annual sales and profit projections fell short of Wall Street expectations, attributed to inflationary pressures.