E.l.f. Beauty, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 06, 2024 at 04:11 pm EST
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e.l.f. Beauty, Inc. reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was USD 270.94 million compared to USD 146.54 million a year ago. Net income was USD 26.89 million compared to USD 19.11 million a year ago. Basic earnings per share from continuing operations was USD 0.49 compared to USD 0.36 a year ago. Diluted earnings per share from continuing operations was USD 0.46 compared to USD 0.34 a year ago.
For the nine months, sales was USD 702.79 million compared to USD 391.49 million a year ago. Net income was USD 113.14 million compared to USD 45.28 million a year ago. Basic earnings per share from continuing operations was USD 2.08 compared to USD 0.87 a year ago. Diluted earnings per share from continuing operations was USD 1.97 compared to USD 0.82 a year ago.
e.l.f. Beauty, Inc. is a multi-brand beauty company. The Company offers inclusive, accessible, clean, vegan, and cruelty-free cosmetics and skincare products. The Company offers a range of products that are vegan and cruelty-free. The Company's brands include e.l.f. Cosmetics, e.l.f. SKIN, Well People, and Keys Soulcare. e.l.f. SKIN is an ingredient-focused, dermatologist-developed formula for every eye, lip, face and skin concern. The Company operates across beauty categories including eye, lip, and face makeup, beauty tools and accessories, and skincare products. Its color cosmetics and skin care products are broadly sold through food, drug, and mass channels, as well as through department stores and direct and specialty channels. The Company's brands are available online and across beauty, mass market and specialty retailers in the United States.