- e.l.f. Beauty press release ( NYSE: ELF ): Q3 Non-GAAP EPS of $0.48 beats by $0.25 .
- Revenue of $146.5M (+49.3% Y/Y) beats by $24.28M .
- Gross margin increased approximately 180 basis points to 67%, primarily driven by price increases, cost savings and product mix, partially offset by inventory adjustments and costs related to space gains and Spring shelf resets.
- Selling, general and administrative expenses ("SG&A") increased $20.1 million to $75.4 million, or 51% of net sales. Adjusted SG&A (SG&A excluding the items identified in the reconciliation table below) increased $19.6 million to $68.2 million, or 47% of net sales. The increase was primarily due to an increase in marketing and digital spend, compensation and benefits, operations costs, retail fixturing and visual merchandising costs.
- The provision for income taxes was $4.3 million.
- Net income was $19.1 million on a GAAP basis. Adjusted net income (net income excluding the items identified in the reconciliation table below) was $26.8 million.
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e.l.f. Beauty Non-GAAP EPS of $0.48 beats by $0.25, revenue of $146.5M beats by $24.28M