ELF - E.l.f Beauty Shares Drop After Q4 Results Weak Forward Guidance: The Details | Benzinga
e.l.f. Beauty, Inc. (NYSE:ELF) reported its fourth-quarter financial results after the bell Wednesday. Here's a look at the details.
The Details: e.l.f. Beauty reported adjusted earnings of 53 cents per share, beating the 32-cent estimate. Quarterly sales clocked in at $321.14 million, beating the $292.17 million analyst consensus estimate, primarily driven by strength across retailer and e-commerce channels.
Gross margin increased by approximately 180 basis points in the fourth quarter to 71%, primarily driven by favorable foreign exchange impacts, international price increases, lower costs from retailer activity, cost savings and mix, and improved transportation costs, partially offset by inventory adjustments.
The company ...