3 Takeaways From e.l.f. Beauty's Q2 Earnings Report
Last week, e.l.f. Beauty (NYSE: ELF) reported fiscal 2021 second-quarter earnings per share of $0.16 on revenue of $72.4 million, topping above consensus estimates of $0.13 on $68.5 million. Revenue in the quarter increased 7% year over year, boosted by digital and international growth. The cosmetics company is seeing success around brand-building, and its upcoming December launch of new lifestyle beauty brand Keys Soulcare is expected to contribute to future growth.
Those top-level numbers suggest e.l.f. Beauty is maintaining its growth trajectory, even in what has been a rough year for retail. But, digging further into the numbers reveals some additional indicators of where the company is headed. Let's take a deeper dive into three important takeaways from e.l.f. Beauty's latest earnings release.
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