11.03.22
e.l.f. Beauty, which recently committed to 100% clean beauty, has shared results for the three and six months ended September 30, 2022.
For the three months ended September 30, 2022, compared to the three months ended September 30, 2021, net sales increased 33% to $122.3 million, primarily driven by strength in both e.l.f.’s retailer and e-commerce channels.
For the six months ended September 30, 2022, compared to the six months ended September 30, 2021, net sales increased 30% to $245.0 million, also driven by strength in both the brand’s retailer and e-commerce channels.
“I am proud of the e.l.f. Beauty team for delivering our 15th consecutive quarter of net sales growth, with Q2 up 33%,” said Tarang Amin, e.l.f. Beauty's chairman and chief executive officer. “In the second quarter, e.l.f. was the fastest growing top 5 color cosmetics brand and we expanded our market share by 115 basis points, according to Nielsen. We believe our value proposition, innovation engine, and ability to attract and engage consumers will continue to fuel our growth.”
The company also provided an updated outlook for fiscal 2023. Net sales are expected to be $478-486 million in fiscal 2023. The updated outlook reflects an expected 22-24% year-over-year increase in net sales, as compared to an expected 14-16% year-over-year increase previously.
For the three months ended September 30, 2022, compared to the three months ended September 30, 2021, net sales increased 33% to $122.3 million, primarily driven by strength in both e.l.f.’s retailer and e-commerce channels.
For the six months ended September 30, 2022, compared to the six months ended September 30, 2021, net sales increased 30% to $245.0 million, also driven by strength in both the brand’s retailer and e-commerce channels.
“I am proud of the e.l.f. Beauty team for delivering our 15th consecutive quarter of net sales growth, with Q2 up 33%,” said Tarang Amin, e.l.f. Beauty's chairman and chief executive officer. “In the second quarter, e.l.f. was the fastest growing top 5 color cosmetics brand and we expanded our market share by 115 basis points, according to Nielsen. We believe our value proposition, innovation engine, and ability to attract and engage consumers will continue to fuel our growth.”
The company also provided an updated outlook for fiscal 2023. Net sales are expected to be $478-486 million in fiscal 2023. The updated outlook reflects an expected 22-24% year-over-year increase in net sales, as compared to an expected 14-16% year-over-year increase previously.