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The company reports an 85% increase in net sales and 20 consecutive quarters of net sales growth.
February 7, 2024
By: Rachel Klemovitch
Assistant Editor
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.
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