=e.l.f. Beauty (ELF) reported earnings on Mon 5 Nov 2018 (a/h)

e.l.f. Beauty beats by $0.09, beats on revs; sees FY18 EPS at high end of prior range, reaffirms sales

Reports Q3 (Sep) earnings of $0.17 per share, excluding non-recurring items, $0.09 better than the S&P Capital IQ Consensus of $0.08; revenues fell 11.1% year/year to $63.9 mln vs the $60.09 mln S&P Capital IQ Consensus, primarily driven by growth in leading national retailers, offset by a decline in sales to discount channel customers. Gross margin decreased from 62% to 61% in the first nine months of 2018, primarily as a result of unfavorable movements in foreign exchange rates, partially offset by changes in customer mix and margin accretive innovation.

Co issues upside guidance for FY18, sees EPS of $0.59-0.61 from $0.57-0.61, excluding non-recurring items, vs. $0.57 S&P Capital IQ Consensus; reaffirms low single digit rev growth.