- E.l.f. Beauty received approximately $50 million in tariff refunds and interest during fiscal Q1, which nearly doubled its net income and increased gross margins by 14 percentage points.
- The cosmetics company posted adjusted earnings of $1.75 per share on revenue of $479 million, beating Wall Street estimates of 71 cents per share and $430 million.
- E.l.f. raised its full-year sales outlook to between $1.94 billion and $1.97 billion, and its adjusted earnings outlook to between $3.50 and $3.55 per share.
- Management plans to reinvest the refund windfall into marketing and price cuts for roughly 10% of its product portfolio.
引述
“Our plan is to fully reinvest that money in both pricing, to have a superior value proposition, as well as increased marketing across our entire portfolio of brands”
“We feel we never should have had the tariffs to begin with, so let’s invest in our brands to drive the strength that we see.”