02.07.24
E.l.f. Beauty has released its results for the third quarter and fiscal 2024 results for the months ending December 31, 2023.
In October, 2023 e.l.f. Beauty acquired Naturium skincare brand for $333.0 million, assisting in the company’s growth.
When compared to the previous year’s third quarter results, net sales increased 85% to $270.9 million. The nine month’s results found net sales increased 80% to $702.8 million when compared to the previous year. Both of these increases were due to retailer and e-commerce strength.
The company outlook for the 2024 fiscal year expects a 69%-71% year-over-year increase in net sales, compared to an expected 55%-57% increase previously.
In October, 2023 e.l.f. Beauty acquired Naturium skincare brand for $333.0 million, assisting in the company’s growth.
When compared to the previous year’s third quarter results, net sales increased 85% to $270.9 million. The nine month’s results found net sales increased 80% to $702.8 million when compared to the previous year. Both of these increases were due to retailer and e-commerce strength.
The company outlook for the 2024 fiscal year expects a 69%-71% year-over-year increase in net sales, compared to an expected 55%-57% increase previously.