e.l.f. Beauty (NYSE:ELF) shares rose more than 9% after-hours following the company’s reported Q2 results, with EPS of $0.82 coming in better than the consensus estimate of $0.52.
Revenue increased 76% year-over-year to $215.5 million, compared to the consensus estimate of $197.1M, primarily driven by strength in both retailer and e-commerce channels.
“As we look ahead, the significant whitespace we see across color cosmetics, skin care and international gives us confidence that we are in the early innings of unlocking the full potential we see for e.l.f. Beauty,” said CEO Tarang Amin.
The company expects full 2024-year EPS in the range of $2.47-$2.50 (vs. prior $2.19-2.22), compared to the consensus of $2.44, and revenue in the range of $896-$906M (vs. prior $792-$802M), compared to the consensus of $840M.