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Wednesday, February 5, 2020

e.l.f. Beauty (ELF) reported earnings on Wed 5 Feb 20 (a/h)

** charts before earnings **


** charts after earnings **

e.l.f. Beauty beats by $0.09, beats on revs; guides FY20 EPS above consensus, revs above consensus

  • Reports Q4 (Dec) earnings of $0.24 per share, excluding non-recurring items, $0.09 better than the S&P Capital IQ Consensus of $0.15; revenues rose 2.8% year/year to $80.8 mln vs the $73.53 mln S&P Capital IQ Consensus.
    • Gross margin increased to 65% from 60% when compared to the three months ended December 31, 2018, with benefits from price increases, margin accretive innovation, cost savings, favorable movements in foreign exchange rates, and a lower inventory reserve, partially offset by tariffs on goods imported from China.
  • Co issues upside guidance for FY20, sees EPS of $0.55-0.59, excluding non-recurring items, vs. $0.43 S&P Capital IQ Consensus; sees FY20 revs of $274-277 mln vs. $258.25 mln S&P Capital IQ Consensus.
  • "Over the next three years, absent major shelf space gains or strategic extensions, the Company expects compounded annual revenue growth in the low to mid-single digits. With significant space gains or strategic extensions, the Company expects revenue growth in the mid to high-single digits," continued Amin. "In both cases, the Company expects adjusted EBITDA growth to outpace net sales growth."
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