.elfcosmetics also beat Wall Street forecasts on both the top and bottom lines.
15 months ago, he stressed that it was making “real progress” in terms of building brand awareness in a crowded celebrity beauty space and innovation, including launching its first SPF product earlier this week.for $27 million, he added that it is now in a subset of Ulta Beauty stores, and is also continuing to make progress in Target.
For the three months ended June 30, net sales increased 26 percent to $122.6 million, surpassing analysts’ estimates of $117 million. Adjusted net income came in at $21.1 million, or 39 cents per share.per share were 27 cents. Analysts were expecting EPS of 26 cents. Its 2023 outlook for net sales increased to $448 million to $456 million, from $432 million to $440 million, while net income is forecasted to come in around $47 million to $48.5 million, versus $43.5 million to $45.5 million.
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