e.l.f. Beauty Inc (NYSE:ELF) reported financial results for the third quarter of fiscal 2026 on Wednesday after the bell. Here’s a look at the key details from the print.
- e.l.f. Beauty stock is moving in positive territory. What’s pushing ELF stock higher?
ELF Tops Estimates In Q3
The company reported third-quarter revenue of $489.51 million, beating analyst estimates of $459.11 million, according to Benzinga Pro. The company reported third-quarter adjusted earnings of $1.24 per share, smashing estimates of 79 cents per share.
Total revenue was up 38% on a year-over-year basis, primarily driven by growth in retailer and e-commerce channels. Gross margin decreased approximately 30 basis points to 71%.
The company ended the quarter with $196.8 million in cash and cash equivalents and $816.7 million of long-term debt.
“Our Q3 results, which included 130 basis points of market share gains for our namesake e.l.f. Cosmetics brand and a record-breaking launch of rhode in Sephora in the U.K., are a continuation of the consistent, category-leading growth we’ve delivered over the past 28 quarters,” said Tarang Amin, chairman and CEO of e.l.f. Beauty.
What’s Next For ELF
The company raised its fiscal 2026 revenue guidance from a range of $1.55 billion to $1.57 billion to a new range of $1.60 billion to $1.61 billion versus estimates of $1.57 billion.
The company also raised its full-year adjusted earnings outlook from a range of $2.80 to $2.85 per share to an updated range of $3.05 to $3.10 per share versus estimates of $2.87 per share.
“Our value proposition, powerhouse innovation and disruptive marketing engine continue to fuel our brands,” Amin said.
Management will further discuss the quarter on an earnings call with investors and analysts at 4:30 p.m. ET
ELF Shares Rise After The Close
ELF Price Action: e.l.f. Beauty shares were up 14.03% in after-hours on Wednesday, trading at $96.50 at the time of publication, per Benzinga Pro.
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