e.l.f. Beauty Inc. reported its first quarter fiscal 2026 results with net sales of $353.7 million, representing a 9% year-over-year increase and slightly exceeding estimates of $350.3 million. Adjusted earnings per share came in at $0.89, beating the consensus estimate of $0.84. The company attributed the sales growth to strong performance in both retail and e-commerce channels across the US and international markets. Despite the revenue and earnings beat, e.l.f. Beauty announced it would not provide a full fiscal 2026 outlook due to uncertainty surrounding tariffs, particularly those affecting production in China. The company expects net sales growth in the first half of fiscal 2026 to exceed the 9% growth rate seen in the first quarter. However, it anticipates a decline in adjusted EBITDA margin to approximately 20% in the first half of fiscal 2026, down from around 23%, reflecting the impact of tariffs. Profits fell by 30% compared to the previous year, influenced by increased costs related to tariffs. In response to these challenges, e.l.f. Beauty has reduced production in China and increased prices by $1. The company also reported a 210 basis points gain in market share, marking its 26th consecutive quarter of market share growth.