NYSE$ELF

elf Beauty Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Delivered 8% net sales growth and 500 basis points gross margin expansion and gained 100 basis points of Nielsen market share in U.S. color cosmetics.

e.l.f. Beauty announced strong Q1 fiscal 2021 results with net sales increasing by 8% and gross margin expanding to 67%. The company also announced a new lifestyle beauty brand with Alicia Keys.

  • Net sales increased 8% to $64.5 million compared to $59.8 million in the three months ended June 30, 2019.
  • Gross margin increased to 67% from 62% when compared to the three months ended June 30, 2019.
  • Net income was $1.5 million, or $0.03 per diluted share.
  • The Company is partnering with Alicia Keys to create a new lifestyle beauty brand.

Headline financials

Total Revenue

$64.5M

Previous: $59.8M+8.0%
EPS (adj)

$0.17

Previous: $0.14+21.4%
Gross Margin

67.0%

Previous: 62.0%+8.1%
Capital Expenditures

-$1.16M

Previous: -$2.9M+60.2%
Free Cash Flow

$357K

Previous: $802K-55.5%
Net Income

$1.51M

Previous: $3.71M-59.2%
Operating Income

$3.01M

Previous: $6.93M-56.6%
Gross Profit

$43.3M

Previous: $37.2M+16.5%
Cash & Equivalents

$54.2M

Previous: $60.7M-10.7%
Total Assets

$462M

Previous: $436M+6.0%
Stock-Based Comp

$4.63M

No prior period

Revenue & EPS history

e.l.f. · Revenue · Quarterly

$64.5M

Q1 2021+8%vs Q1 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

The Company continues to expect sales trends and the economy overall to remain challenged for the next several months and is continuing to suspend guidance for fiscal year 2021.

Tailwinds

  • Digital strength
  • Core value proposition
  • Strong portfolio of brands
  • Positioned for long-term growth
  • Consumer behavior normalizes post-COVID

Headwinds

  • Sales trends remain challenged
  • Economy remains challenged
  • Uncertainty around the timing of recovery from COVID-19
  • Speed of recovery from COVID-19 is uncertain
  • Duration of recovery from COVID-19 is uncertain

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.0%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+6.3%

Avg return

30 days after

59%

27 / 46 earnings

Positive

+23.7%

Q4 2025

Best reaction

-34.8%

Q2 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+2.6%
Q3 2026-9.2%-13.4%-2.6%
Q2 2026-34.8%-33.8%-30.9%
Q1 2026-9.4%+5.8%+21.4%
Q4 2025+23.7%+26.8%+39.6%
Q3 2025-19.6%-15.2%-20.1%
Q2 2025+8.3%+25.2%+30.3%
Q1 2025-11.5%-18.2%-32.5%
Q4 2024+16.2%+20.4%+29.5%
Q3 2024-2.9%+2.8%+23.7%
Q2 2024+5.8%+9.8%+32.2%
Q1 2024+14.1%+9.8%+18.8%
Q4 2023+22.5%+19.1%+27.6%
Q3 2023+16.9%+19.3%+30.7%
Q2 2023+10.0%+14.7%+26.5%
Q1 2023+6.2%+9.3%+12.5%
Q4 2022+17.0%+23.4%+34.6%
Q3 2022-4.2%-5.3%-15.6%
Q2 2022-8.2%-5.9%-8.4%
Q1 2022+4.3%+4.0%+7.2%
Q4 2021+0.1%-1.8%-1.8%
Q3 2021+2.1%+3.0%+13.8%
Q2 2021-6.5%-0.2%+7.6%
Q1 2021+13.1%+10.3%+5.1%
Q4 2020+18.6%+17.3%+28.0%
Q3 2020+10.5%+10.7%-8.6%
Q2 2020-0.5%-3.3%-12.1%
Q1 2020+3.8%-0.1%+5.1%
Q1 2019-6.3%-3.9%-2.7%
Q4 2018-22.8%-15.9%+13.1%
Q3 2018+21.7%+19.7%+7.0%
Q2 2018-31.8%-25.4%-6.3%
Q1 2018-4.6%-4.0%-4.3%
Q4 2017-13.6%-14.7%-9.2%
Q3 2017-8.3%-4.9%+5.8%
Q2 2017-3.1%-0.2%-20.7%
Q1 2016-7.0%-9.7%-5.9%
Q1 2017-3.7%-10.4%-9.3%
Q4 2014+0.8%+0.8%+6.2%
Q2 2016+0.8%+0.8%+6.2%
Q2 2015+0.8%+0.8%+6.2%
Q1 2015+0.8%+0.8%+6.2%
Q4 2016+9.6%+4.8%+4.6%
Q3 2015+7.4%+8.9%+8.0%
Q4 2015+7.4%+8.9%+8.0%
Q3 2016+7.4%+8.9%+8.0%

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