NYSE$ELF

elf Beauty Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Net sales increased and market share was gained.

e.l.f. Beauty reported a 27% increase in net sales for the second quarter of fiscal year 2022, marking the eleventh consecutive quarter of growth. The company also gained 30 basis points of market share in the U.S. color cosmetics market.

  • Net sales increased by 27% to $91.9 million.
  • Gross margin decreased by approximately 200 basis points to 63%.
  • GAAP net income was $5.7 million, with a diluted earnings per share of $0.11.
  • Adjusted EBITDA reached $18.5 million, representing 20% of net sales, a 29% increase year-over-year.

Headline financials

Total Revenue

$91.9M

Previous: $72.4M+27.0%
EPS (adj)

$0.21

Previous: $0.16+31.2%
Capital Expenditures

-$3.65M

Previous: -$2.75M-32.9%
Free Cash Flow

$2.08M

Previous: -$2.3M+190.3%
Net Income

$5.72M

Previous: $447K+1180.5%
Operating Income

$7.44M

Previous: $1.97M+278.2%
Gross Profit

$58M

Previous: $47.1M+23.0%
Cash & Equivalents

$41.7M

Previous: $41M+1.6%
Total Assets

$493M

Previous: $473M+4.1%
Stock-Based Comp

$5.11M

Previous: $5.39M-5.2%

Revenue & EPS history

e.l.f. · Revenue · Quarterly

$91.9M

Q2 2022+27%vs Q2 2021
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

The company updated its fiscal 2022 outlook to reflect an expected 14-16% increase in net sales.

Tailwinds

  • Net sales are expected to increase by 14-16% compared to the previous outlook of 12-14%.
  • Adjusted EBITDA is projected to be $66.5-68.0 million.
  • The adjusted effective tax rate is estimated at 23-24%.
  • Adjusted net income is anticipated 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 Q2 2022

Historical avgQ2 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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