2024-02-06 22:40:06 ET
e.l.f. Beauty, Inc. (ELF)
Q3 2024 Earnings Conference Call
February 06, 2024 04:30 PM ET
Company Participants
Kristina Casey Katten - Vice President of Corporate Development and Investor Relations
Tarang Amin - Chairman and Chief Executive Officer
Mandy Fields - Senior Vice President and Chief Financial Officer
Conference Call Participants
Andrea Teixeira - JP Morgan
Ashley Helgans - Jefferies
Olivia Tong - Raymond James
Linda Bolton-Weiser - D.A. Davidson
Bill Chappell - Truist Securities
Dara Mohsenian - Morgan Stanley
Peter Grom - UBS
Susan Anderson - Canaccord Genuity
Anna Lizzul - Bank of America Merrill Lynch
Korinne Wolfmeyer - Piper Sandler
Mark Astrachan - Stifel
Presentation
Operator
Thank you for joining us today to discuss e.l.f. Beauty's Third Quarter Fiscal ‘24 Results. I'm KC Katten, Vice President of Corporate Development and Investor Relations. With me today are Tarang Amin, Chairman and Chief Executive Officer, and Mandy Fields, Senior Vice President and Chief Financial Officer. We encourage you to tune into our webcast presentation for the best viewing experience, which you can access on our website at investor.elfbeauty.com.
Since many of our remarks today contain forward-looking statements, please refer to our earnings release and reports filed with the SEC where you'll find factors that could cause actual results to differ materially from these forward-looking statements.
In addition, the company's presentation today includes information presented on a non-GAAP basis. Our earnings release contains reconciliations of the differences between the non-GAAP presentation and the most directly comparable GAAP measure.
With that, let me turn the webcast over to Tarang.
Tarang Amin
Thank you, KC, and good afternoon, everyone. Today, we will discuss the drivers of our Q3 results and our raised outlook for fiscal ‘24. I want to start by recognizing the e.l.f. Beauty team for delivering another phenomenal quarter.
In Q3, we grew net sales by 85%, increased gross margin by nearly 350 basis points, and delivered $59 million in adjusted EBITDA, up 61% versus prior year. Our vision is to create a different kind of beauty company by building brands that disrupt norms, shape culture, and connect communities through positivity, inclusivity, and accessibility....
Read the full article on Seeking Alpha
For further details see:
e.l.f. Beauty, Inc. (ELF) Q3 2024 Earnings Call Transcript