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00:02Elf Beauty reported earnings that exceeded expectations and raised its full-year fiscal
00:07guidance, according to CNBC. The company reported adjusted earnings of $1.24 per share on $490
00:14million in revenue, exceeding expectations of $0.72 per share and $460 million. Net sales
00:22increased 38% year-over-year to $489.5 million from $355 million, driven by global growth
00:30across retailers and e-commerce. Adjusted net income rose to $74.5 million from $43 million.
00:38Shares rose as much as 15% in after-hours trading on Wednesday before giving up most gains.
00:44The company said its acquisition of Haley Bieber's Skincare Brand Road contributed $128 million
00:50to quarterly net sales growth. Elf now expects Rode to deliver up to $265 million in net sales
00:57this year and lifted full-year revenue guidance by $42 million to $50 million.
01:02For all things money, visit Benzinga.com.
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