00:00It's Benzinga bringing Wall Street to Main Street.
00:02Elf Beauty shares rose 6.53% to $68.17 on Tuesday after the company posted stronger
00:10than expected fiscal fourth quarter results and launched a new hair care line, according to Benzinga
00:15Pro. Adjusted EPS came in at $0.32 and revenue reached $449.29 million, topping estimates of
00:24$0.29 and $422.93 million, with revenue up 35.07% year over year. The road acquisition
00:32contributed about 34 percentage points to overall growth, with U.S. net sales up 26% and
00:38international revenue up 75%. The company launched Elf Hair with six products priced between $6
00:44and $10, citing that 77% of its core consumers had expressed intent to buy hair care from
00:49the brand. Early testing showed 96% positive sentiment and 65% of buyers were new to Elf.
00:56The stock trades 21.9% below its 200-day moving average.
01:01For all things money, visit Benzinga.com.
Comments