e.l.f. Beauty Rises on Strong Fourth-Quarter Sales, Wins Thumbs-Up From J.P. Morgan
A manufacturer of affordable cosmetics and skincare products, e.l.f. Beauty, Inc. (NYSE: ELF) posted some glamorous results with its latest quarterly and 12-month outcomes, reporting a 13% boost of net sales for its fiscal fourth quarter, ended March 31. This year, the company also generated positive net income, a notable change from fiscal 2019's net loss.
e.l.f.'s non-GAAP earnings per share (EPS) and its revenue beat analyst consensus estimates. Adjusted net income grew by 65.6% to $5.3 million, delivering $0.10 EPS and beating analyst estimates by $0.05. The company reports the 13% year-over-year rise in quarterly net sales was "primarily driven by increased productivity across our retail and e-commerce channels."
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Source Fool.com
