NYSE$ELF

elf Beauty Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported a net sales increase and gained market share in the U.S. color cosmetics market.

e.l.f. Beauty announced its Q4 2021 results, highlighting a 24% increase in net sales and marking the ninth consecutive quarter of growth. The company's e.l.f. Cosmetics brand was the only top 5 U.S. color cosmetics brand to post growth and gain share for the year.

  • Net sales increased by 24% to $92.7 million.
  • Gross margin decreased approximately 110 basis points to 63.2%.
  • Net loss was $24.0 thousand on a GAAP basis, while adjusted net income was $8.6 million.
  • Diluted earnings per share were $0.00 on a GAAP basis, and adjusted diluted earnings per share were $0.16.

Headline financials

Total Revenue

$92.7M

Previous: $74.7M+24.0%
EPS (adj)

$0.16

Previous: $0.10+60.0%
Adjusted EBITDA

$12.9M

No prior period
Net Income

-$24K

Previous: -$341K+93.0%
Operating Income

-$1.87M

Previous: $1.04M-279.6%
Gross Profit

$58.6M

Previous: $48.1M+21.9%
Cash & Equivalents

$57.8M

Previous: $46.2M+25.1%
Total Assets

$487M

Previous: $453M+7.6%

Revenue & EPS history

e.l.f. · Revenue · Quarterly

$92.7M

Q4 2021+24%vs Q4 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

The Company is providing the following outlook for fiscal 2022. When compared to fiscal 2021, the outlook for fiscal 2022 reflects an expected 8-10% increase in net sales.

Tailwinds

  • Net sales $343-350 million
  • Adjusted EBITDA $66.0-67.5 million
  • Adjusted effective tax rate 24-25%
  • Adjusted net income $35.0-36.8 million
  • Adjusted diluted earnings per share $0.64-0.67

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 Q4 2021

Historical avgQ4 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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