Reports Q1 revenue $353.7M, consensus $353.8M. Gross margin decreased approximately 215 basis points to 69%, primarily driven by tariffs, partially offset by favorable foreign exchange impacts and mix. “Our strong Q1 results, including 210 basis points of market share gains, are a continuation of the consistent, category-leading growth we’ve delivered over the past 26 quarters,” said Tarang Amin, e.l.f. Beauty’s Chairman and Chief Executive Officer. “The combination of our value proposition, powerhouse innovation and disruptive marketing engine continue to fuel our results. We remain excited by the significant whitespace we see ahead as we strive to make the best of beauty accessible for all.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ELF:
- E.l.f. Beauty options imply 11.8% move in share price post-earnings
- Notable companies reporting after market close
- Elf Beauty price target raised to $132 from $123 at JPMorgan
- Mixed Signals in e.l.f. Beauty’s Performance: Strong Sales Growth Amidst Declining Market Share and Velocity
- Elf Beauty price target raised to $140 from $130 at Raymond James