NYSE$ELF

elf Beauty Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Net sales increased driven by productivity across channels, progress against strategic imperatives and shipment timing.

e.l.f. Beauty reported net sales of $80.8 million, a 3% increase compared to the same quarter last year. Excluding the impact of store closures, net sales increased by 8%. The company is raising its Fiscal Year 2020 guidance due to current momentum.

  • Net sales increased 3% to $80.8 million.
  • Gross margin increased to 65% from 60%.
  • Net income was $8.0 million, or $0.16 per diluted share.
  • Adjusted net income decreased to $12.2 million, or $0.24 per diluted share.

Headline financials

Total Revenue

$80.8M

No prior period
EPS (adj)

$0.24

No prior period
Adjusted EBITDA

$21.4M

No prior period
Gross Margin

65.0%

No prior period
Capital Expenditures

-$7.07M

No prior period
Free Cash Flow

$929K

No prior period
Net Income

$8M

No prior period
Operating Income

$12.9M

No prior period
Gross Profit

$52.5M

No prior period
Cash & Equivalents

$74.7M

No prior period
Total Assets

$456M

No prior period

Revenue & EPS history

e.l.f. · Revenue · Quarterly

$80.8M

Q3 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

The company expects net sales growth of 7% to 8% compared to fiscal 2019, excluding the contribution of e.l.f. retail stores.

Tailwinds

  • Net sales $274-277 million
  • Adjusted EBITDA $58-60 million
  • Adjusted net income $28-30 million
  • Adjusted diluted EPS $0.55-0.59
  • Fully diluted shares outstanding 52.5 million

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 Q3 2020

Historical avgQ3 2020

+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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