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Raises fiscal 2024 outlook to reflect continued momentum.
August 2, 2023
By: Charlie Sternberg
Associate Editor
e.l.f. Beauty, which is committed to 100% “clean” beauty, has announced results for the three months ended June 30, 2023. Net sales increased 76% to $216.3 million, primarily driven by strength in both the company’s retailer and e-commerce channels. “We are off to a terrific start in our new fiscal year,” said Tarang Amin, e.l.f. Beauty’s Chairman and Chief Executive Officer. “This marks our 18th consecutive quarter of delivering both net sales growth and market share gains. We are one of only five publicly traded consumer companies out of 274 that has grown for 18 straight quarters and averaged at least 20% sales growth per quarter over that period.”
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