NYSE$ELF

elf Beauty Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported a strong first quarter with net sales growth and market share gains.

e.l.f. Beauty announced exceptional first quarter results, with a 50% increase in net sales and market share gains in the U.S. color cosmetics market. The company is raising its fiscal 2022 outlook due to the strong performance and expectations for continued momentum.

  • Net sales increased by 50% to $97.0 million.
  • e.l.f. Cosmetics was the only top 5 U.S. color cosmetics brand to post growth and gain share relative to pre-pandemic levels.
  • Gross margin decreased to 63.8% due to unfavorable foreign exchange rates, elevated transportation costs, and increased inventory adjustments.
  • The company is raising its fiscal 2022 outlook.

Headline financials

Total Revenue

$97M

Previous: $64.5M+50.4%
EPS (adj)

$0.27

Previous: $0.17+58.8%
Adjusted EBITDA

$21.7M

No prior period
Capital Expenditures

-$2.34M

Previous: -$1.16M-102.3%
Free Cash Flow

$5.94M

Previous: $357K+1563.9%
Net Income

$8.28M

Previous: $1.51M+447.4%
Operating Income

$11.2M

Previous: $3.01M+271.3%
Gross Profit

$61.9M

Previous: $43.3M+42.8%
Cash & Equivalents

$63.4M

Previous: $54.2M+16.9%
Total Assets

$498M

Previous: $462M+7.9%
Stock-Based Comp

$4.28M

Previous: $4.63M-7.5%

Revenue & EPS history

e.l.f. · Revenue · Quarterly

$97M

Q1 2022+50.4%vs Q1 2021
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

The company updated its outlook for fiscal year 2022, expecting a 12-14% increase in net sales.

Tailwinds

  • Net sales are expected to increase by 12-14% compared to fiscal 2021.
  • Net sales are expected to be $357-364 million.
  • Adjusted EBITDA is expected to be $66.5-68.0 million.
  • Adjusted net income is expected to be $36.0-37.5 million.
  • Adjusted diluted earnings per share are expected to be $0.65-0.68.

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 2022

Historical avgQ1 2022

+1.0%

Avg return

Earnings day

+2.3%

Avg return

5 days after

+6.7%

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+4.8%+6.8%+26.8%
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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