E.l.f. Beauty Lifts Full-Year Targets After Second-Quarter Sales Surge 51%

Original summary · What happened

E.l.f. Beauty delivered second-quarter fiscal results that topped analyst expectations, posting a 51% surge in net sales to mark its thirty-first consecutive quarter of top-line expansion. Corporate leadership attributed the broad-based performance to balanced gains spanning domestic and international channels across both retail storefronts and e-commerce platforms. Chief Executive Tarang Amin highlighted sustained momentum across the company's full brand lineup, including its Rhode skincare subsidiary acquired last year, noting that the brand ranks as the most-searched label on TikTok Shop and holds the second spot in cosmetics on the platform.

Following the strong quarterly performance, management raised its fiscal-year financial projections across major performance metrics. The cosmetics producer now forecasts full-year net sales between $2.00 billion and $2.03 billion, up from its earlier guidance range of $1.94 billion to $1.97 billion. Adjusted EBITDA expectations were lifted to between $421 million and $427 million, while full-year adjusted earnings per share are projected to range from $3.82 to $3.86, compared with the prior outlook of $3.50 to $3.55 per share.