Elf Beauty (ELF) Q4 2024 Earnings | Wilnesh News

Elf beauty On Wednesday, the company reported revenue topped $1 billion in its first fiscal year, with sales jumping 77%, but the retailer’s shares fell as the company said it expected its growth to slow.

The eye, lip and face company, known for its viral marketing and ability to win over younger consumers, issued guidance below analysts’ forecasts.

Here’s how Elf Beauty performed in its fiscal fourth quarter compared to Wall Street expectations, according to a survey of analysts by London Stock Exchange Group (LSEG):

• Earnings per share: Adjusted 53 cents Expected 32 cents
• income: $321.1 million vs. $292.6 million expected

The company reported net profit of $14.53 million, or 25 cents a share, for the three months ended March 31, compared with $16.25 million, or 29 cents a share, a year earlier. Excluding one-time items, Elf reported earnings of 53 cents per share.

Sales increased to US$321.1 million, an increase of approximately 71% from US$187.4 million in the same period last year.

The company’s sales for the year grew to US$1.02 billion, an annual increase of 77%.

Elf Beauty has been booming over the past year, with sales rising by double-digit percentages each quarter as consumers flock to its low-priced beauty products through its own website or through retailers such as increase. Walmart and Target.

Elf CEO Tarang Amin said in a statement that he believed the company was still in the “early stages” of its growth story and expected more developments in cosmetics, skin care and international markets. Its guidance reflects that sentiment, but even so, the company still expects to grow slower than Wall Street expected.

Elf expects net sales to be between $1.23 billion and $1.25 billion, an increase of 20% to 22%. That was below analysts’ expectations of $1.27 billion, or 27.4% growth.

The company expects adjusted net income to be between $187 million and $191 million, and adjusted earnings per share to be between $3.20 and $3.25. The price was below analysts’ expectations of $3.51, according to LSEG.

Last month, Ulta Beauty CEO Dave Kimbell warned that demand for cosmetics was cooling, pouring cold water on the hot beauty category, causing its stock price to drop 15% that day and pummeling Elf’s stock price. Estee Lauder and Coty.

“We’re seeing slower growth across the category,” Kimbell said at an investor conference hosted by JPMorgan Chase. “We entered the year – and we discussed this on the (earnings) call a few weeks ago – The category is expected to slow down, and as I said, it’s been experiencing strong growth for a few years and we didn’t anticipate that this would continue to grow at the current rate.

He added that the economic slowdown was “a little earlier than we thought” and “a little more severe than we thought.”

Just how much Ulta’s sales have slowed remains to be seen. The beauty giant reports earnings next week.

Read Elf’s full earnings release here.