(Finance) – Solid start to fiscal year 2025 for ELF Beauty with a 50% increase in revenue and an 80 basis point growth in gross margin, which raises the forecast for annual profits even if they were lower than analysts’ estimates.
The company now plans sales between $1.28 billion and $1.30 billion, compared to previous expectations of $1.23 billion and $1.25 billion. Theuseful adjusted annual earnings per share will be between $3.36 and $3.41, compared to previous projections of $3.20 and $3.25.
Net sales rose 50% to $324.5 million in the quarter ended June 30, beating estimates of about $304.7 million. Adjusted earnings of $1.10 per share also beat LSEG’s expectations of 84 cents.
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