e.l.f. Beauty, Inc. (NYSE:ELF) reported its fourth-quarter financial results after the bell Wednesday. Here's a look at the details.
The Details: e.l.f. Beauty reported adjusted earnings of 53 cents per share, beating the 32-cent estimate. Quarterly sales clocked in at $321.14 million, beating the $292.17 million analyst consensus estimate, primarily driven by strength across retailer and e-commerce channels.
Gross margin increased by approximately 180 basis points in the fourth quarter to 71%, primarily driven by favorable foreign exchange impacts, international price increases, lower costs from retailer activity, cost savings and mix, and improved transportation costs, partially offset by inventory adjustments.
The company ended fiscal 2024 with $108.2 million in cash and cash equivalents and $161.8 million of long-term debt and finance lease obligations, as compared to $120.8 million in cash and cash equivalents and $60.9 million of long-term debt and finance lease obligations at the end of fiscal 2023.
"Fiscal 2024 marked our strongest year of net sales growth on record, a continuation of the exceptional, consistent, category-leading growth we've delivered," said Tarang Amin, e.l.f. Beauty's chairman and CEO.
"In Q4, we grew net sales by 71% and expanded our market share by 325 basis points, marking our 21st consecutive quarter of net sales and market share growth. As we look ahead, we believe we are still in the early innings of unlocking the full potential we see for e.l.f. Beauty across cosmetics, skin care and international markets."
Ahead of the print, Canaccord Genuity analyst Susan Anderson maintained e.l.f. Beauty with a Buy and a $214 price target.
Outlook: e.l.f. Beauty sees fiscal year earnings between $3.20 and $3.25 per share, versus the $3.51 per share estimate, and full-year revenue in a range of $1.23 billion and $1.25 billion, versus the $1.27 billion estimate.
ELF Price Action: According to Benzinga Pro, e.l.f. Beauty shares are down 8.14% at $142.96 at the time of publication after-hours on Wednesday.
Image: Aesthetic Journey from Pixabay
e.l.f. Beauty, Inc.（紐約證券交易所代碼：ELF）在週三收盤後公佈了第四季度財務業績。以下是細節。
詳情：e.l.f. Beauty公佈的調整後每股收益爲53美分，超過了32美分的預期。季度銷售額爲3.2114億美元，超過了分析師共識估計的2.9217億美元，這主要是由零售商和電子商務渠道的強勁推動的。
第四季度毛利率增長了約180個點子，達到71％，這主要是由有利的外匯影響、國際價格上漲、零售商活動成本降低、成本節省和組合以及運輸成本改善所推動的，但部分被庫存調整所抵消。
截至2024財年，該公司擁有1.082億美元的現金及現金等價物以及1.618億美元的長期債務和融資租賃債務，而截至2023財年末，現金和現金等價物爲1.208億美元，長期債務和融資租賃債務爲6,090萬美元。
e.l.f. Beauty董事長兼首席執行官塔朗·阿明表示：“2024財年是我們有記錄以來淨銷售增長最強勁的一年，這是我們實現的卓越、穩定、類別領先的增長的延續。”
“在第四季度，我們的淨銷售額增長了71％，市場份額擴大了325個點子，這標誌着我們連續第21個季度淨銷售額和市場份額增長。展望未來，我們相信，要在化妝品、護膚品和國際市場上釋放e.l.f. Beauty的全部潛力，我們仍處於早期階段。”
在發佈之前，Canaccord Genuity分析師蘇珊·安德森維持了e.l.f. Beauty，買入和目標股價爲214美元。
展望：e.l.f. Beauty預計財年每股收益在3.20美元至3.25美元之間，而估計爲每股3.51美元，全年收入在12.3億美元至12.5億美元之間，而估計爲12.7億美元。
ELF價格走勢：根據Benzinga Pro的數據，在週三盤後發佈時，e.l.f. Beauty股價下跌8.14％，至142.96美元。
圖片：來自 Pixabay 的審美之旅
