02.02.23
e.l.f. Beauty has announced results for the three and nine months ended December 31, 2022.
For the three months ended December 31, 2022, compared to the three months ended December 31, 2021, net sales increased 49% to $146.5 million, primarily driven by strength in both retailer and e-commerce channels.
For the nine months ended December 31, 2022, compared to the nine months ended December 31, 2021, net sales increased 36% to $391.5 million, primarily driven by strength in both our retailer and e-commerce channels.
"We delivered a terrific third quarter - growing our net sales by 49% and expanding our market share by 150 basis points, according to Nielsen,” said Tarang Amin, e.l.f. beauty's chairman and chief executive officer. “This quarter marked our 16th consecutive quarter of net sales growth, reflecting the continued strong execution by the e.l.f. Beauty team. As we look ahead, we're excited about the potential we see as we continue to make the best of beauty accessible to every eye, lip, face and skin concern."
The company’s updated outlook for fiscal 2023 reflects an expected 38-39% year-over-year increase in net sales, as compared to an expected 22-24% year-over-year increase previously.
For the three months ended December 31, 2022, compared to the three months ended December 31, 2021, net sales increased 49% to $146.5 million, primarily driven by strength in both retailer and e-commerce channels.
For the nine months ended December 31, 2022, compared to the nine months ended December 31, 2021, net sales increased 36% to $391.5 million, primarily driven by strength in both our retailer and e-commerce channels.
"We delivered a terrific third quarter - growing our net sales by 49% and expanding our market share by 150 basis points, according to Nielsen,” said Tarang Amin, e.l.f. beauty's chairman and chief executive officer. “This quarter marked our 16th consecutive quarter of net sales growth, reflecting the continued strong execution by the e.l.f. Beauty team. As we look ahead, we're excited about the potential we see as we continue to make the best of beauty accessible to every eye, lip, face and skin concern."
The company’s updated outlook for fiscal 2023 reflects an expected 38-39% year-over-year increase in net sales, as compared to an expected 22-24% year-over-year increase previously.