Welcome to our dedicated page for e.l.f. Beauty news (Ticker: ELF), a resource for investors and traders seeking the latest updates and insights on e.l.f. Beauty stock.
e.l.f. Beauty, Inc. (NYSE: ELF) is a pioneering beauty company founded in 2004 with the mission to make premium-quality cosmetics accessible to all. Known for its inclusive, clean, vegan, and cruelty-free products, e.l.f. Beauty offers a wide range of cosmetics and skincare items under the brands e.l.f. Cosmetics, W3LL PEOPLE, and Keys Soulcare.
e.l.f. Beauty's product portfolio includes items like eyeliner, mascara, false eyelashes, lipstick, foundation, moisturizer, cleanser, and various beauty tools, available both in physical stores and online. With prices starting as low as $1, the company has democratized beauty, making luxury accessible to a broader audience.
As of the latest news, e.l.f. Beauty has formed a significant partnership with the National Association of Corporate Directors (NACD). This partnership aims to promote diversity, equity, and inclusion (DE&I) in corporate governance. Notably, e.l.f. Beauty's Board of Directors is composed of two-thirds women and one-third diverse members, reflecting the company's commitment to inclusive governance.
e.l.f. Beauty has enjoyed 19 consecutive quarters of growth, a testament to its consumer-driven business model and ability to innovate. Their focus on real-time consumer feedback allows them to rapidly adapt and meet market demands. The company's success is also attributed to its dedication to positive change and empowering every eye, lip, and face in the beauty industry and beyond.
Financially, e.l.f. Beauty generates the majority of its revenue from U.S. sales, although it maintains a growing international presence. The company aims not only to lead in product innovation but also to set new standards in corporate responsibility and inclusivity.
For more information on e.l.f. Beauty's latest updates and projects, please refer to the latest news section provided below.
e.l.f. Cosmetics launches its new Sticky Shop Merch collection, featuring unique items inspired by the viral success of its Power Grip Primer. Following its first TV commercial, fans can access limited-edition merchandise like the Sticky Patch Varsity Jacket ($55) and Power Grip Patches ($15). Additionally, e.l.f. announces a $100,000 donation to the Whale and Dolphin Conservation and plans to donate up to $25,000 from the Sticky Shop proceeds. This initiative supports marine conservation education and engages young girls in STEM careers. The collection launches on March 16 on elfcosmetics.com.
e.l.f. Beauty (NYSE: ELF) announced participation in the BofA Securities 2023 Consumer & Retail Conference scheduled for March 14, 2023, in Miami, Florida. CEO Tarang Amin, CFO Mandy Fields, and VP KC Katten will engage in a fireside chat at 2:40 PM ET and hold investor meetings throughout the event. The fireside chat will be broadcasted live, providing an opportunity for investors to gain insights into the company's strategies and future direction.
e.l.f. Beauty focuses on clean, cruelty-free beauty products, with brands like e.l.f. Cosmetics and Keys Soulcare. The company's commitment to inclusivity and accessibility continues to drive its market presence.
e.l.f. Cosmetics announces the launch of its new 'O FACE' Satin Lipstick, priced at
e.l.f. Beauty reported a strong third quarter for the three months ended December 31, 2022, achieving a 49% net sales growth to $146.5 million. This growth marks the 16th consecutive quarter of sales increase, driven by robust performance in retail and e-commerce. Gross margins improved 180 basis points to 67%, although SG&A expenses rose to $75.4 million, accounting for 51% of net sales. Net income was $19.1 million or $0.34 per diluted share. The company raised its fiscal 2023 outlook to project net sales of $541-545 million and adjusted EBITDA of $110.5-112 million.
e.l.f. Beauty (NYSE: ELF) will host a webcast on February 1, 2023, at 4:30 p.m. Eastern Time to discuss its third quarter fiscal 2023 results. The presentation will feature CEO Tarang Amin and CFO Mandy Fields. A detailed press release will precede the webcast, outlining key financial metrics. Interested parties can access the live broadcast via the company's investor relations website, with an archived version available afterward. e.l.f. Beauty is committed to clean, cruelty-free beauty and operates a diverse portfolio, including e.l.f. Cosmetics and Well People.
e.l.f. Cosmetics, a top Gen Z makeup brand, has launched a holiday campaign featuring Meghan Trainor and insights from The Weather Channel. The campaign announces the return of the popular Halo Glow Liquid Filter with a significant waitlist of 75,000. e.l.f. will host a Glow Plow event in New York City on December 13-14, providing a holiday glow experience. Additionally, a Glow Bundle priced at $36 is introduced, including bestsellers like the Halo Glow Liquid Filter. This innovative approach aims to reach a wider audience by leveraging weather insights.
e.l.f. Beauty (NYSE: ELF) reported a remarkable 33% net sales growth for Q2 FY2023, achieving $122.3 million. The company's market share expanded by 115 basis points, marking its position as the fastest-growing brand in the top 5 color cosmetics sector. Gross margin reached 65%, boosted by price increases and cost savings. e.l.f. also raised its fiscal 2023 outlook, now projecting net sales between $478-486 million, an increase from the previous forecast of $448-456 million. Adjusted net income is expected to be $59.0-60.5 million.
e.l.f. Beauty (NYSE: ELF) will host a webcast on November 2, 2022, at 4:30 p.m. ET, to discuss its second quarter fiscal 2023 results. Tarang Amin, Chairman and CEO, along with Mandy Fields, CFO, will lead the discussion. A press release detailing the results will be issued prior to the event, and the webcast will be available live on their investor relations page. An archived version will also be accessible. e.l.f. Beauty focuses on clean, cruelty-free beauty, expanding its multi-brand portfolio across the U.S. and internationally.
e.l.f. Beauty (NYSE: ELF) has published its inaugural Impact Report for FY 2022, showcasing its environmental, social, and governance (ESG) commitments and achievements. Key highlights include:
- Diversity on the Board, with underrepresented groups at a third of members.
- Introduction of Fair Trade Certified™ products.
- High employee engagement at 89%.
- Donations of nearly
$185,000 to charities. - Commitment to sustainability, eliminating over one million pounds of packaging.
- 100% cruelty-free status.
For more insights, access the full report on e.l.f.'s website.
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