NYSE$ELF

elf Beauty Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported 10% net sales growth and gained 100 basis points of market share.

e.l.f. Beauty announced strong Q3 fiscal 2021 results, with a 10% increase in net sales and market share gains in the U.S. color cosmetics market. The company's focus on brand building and digital strategies fueled growth, and the launch of the Keys Soulcare skincare collection expanded its multi-brand portfolio. Fiscal 2021 guidance was raised.

  • Net sales increased by 10% to $88.6 million compared to the same period last year.
  • Gross margin decreased slightly by 50 basis points to 64%.
  • Net income was $4.3 million, or $0.08 per diluted share, compared to $8.0 million, or $0.16 per diluted share last year.
  • Adjusted EBITDA decreased 14% to $18.3 million.

Headline financials

Total Revenue

$88.6M

Previous: $80.8M+9.7%
EPS (adj)

$0.22

Previous: $0.24-8.3%
Capital Expenditures

-$3.96M

Previous: -$7.07M+44.0%
Free Cash Flow

$339K

Previous: $929K-63.5%
Net Income

$4.3M

Previous: $8M-46.3%
Operating Income

$6.29M

Previous: $12.9M-51.2%
Gross Profit

$57.1M

Previous: $52.5M+8.8%
Cash & Equivalents

$35.4M

Previous: $74.7M-52.6%
Total Assets

$481M

Previous: $456M+5.4%
Stock-Based Comp

$5.03M

No prior period

Revenue & EPS history

e.l.f. · Revenue · Quarterly

$88.6M

Q3 2021+9.7%vs Q3 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

The company expects an increase in net sales in fiscal 2021.

Tailwinds

  • Net sales are expected to increase by 7-9% in fiscal 2021.
  • Net sales are expected to be $304-308 million.
  • Adjusted EBITDA is expected to be $59-60 million.
  • Adjusted net income is expected to be $33-34 million.
  • Adjusted diluted EPS is expected to be $0.63-0.64.

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 2021

Historical avgQ3 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro