In this article ELF Follow your favorite stocks CREATE FREE ACCOUNT e.l.f Beauty products.
Courtesy: e.l.f Beauty E.
l.f. Beauty 's growth story is still going.
The cosmetics retailer on Thursday blew past quarterly estimates again, posting a 50% gain in sales. The eyes, lip, face beauty giant's sales soared to $324.5 million in its fiscal first quarter, leading it to raise its full year guidance.
That increase follows a staggering 76% jump in the year ago quarter. CEO Tarang Amin told CNBC the company saw growth across its categories. He added that the company's Bronzing Drops quickly became a best seller on the company's website after their launch during the quarter.
Here's how the cosmetics company performed compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $1.10 adjusted vs. 84 cents expected Revenue: $324 million vs.
$305 million expected The company's reported net income for the three-month period that ended June 30 was $47.6 million, or 81 cents per share, compared with $53 million, or 93 cents per share, a year earlier. Sales rose to $324.
5 million, up about 50% from $216.3 million a year earlier. Following quarter after quarter of outsized growth, Wall Street has come to expect a lot from E.
l.f. Beauty.
Though it raised its guidance Thursday, the outlook still fell flat after such a big first quarter beat. For fiscal 2025, E.l.
f. now expects sales between $1.28 billion and $1.
3 billion, compared to its previous ou.